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    Property profile & analytics

    224 Main St Litchfield, NE 68852-7501

    • Banks
    • 1,056 SF
    • 0.16 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US57-0513291
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Banks

    Property Details for 224 Main St

    Year built
    1907
    Lot size
    0.16 lot acres
    Property size
    1,056 SF
    Zone code
    03-COMMERCIAL
    Property type
    Banks
    APN
    350013900
    APU
    350013900

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Litchfield
    County
    Sherman
    State
    Nebraska
    Longitude
    -99.1562
    Latitude
    41.1573

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $1,056
    $2,800
    $58,950
    $61,750
    -
    $2,800
    $58,950
    $61,750

    Comparable in this City

    • Value Estimation by Request
      800 SF

      218 Main St

      RETAIL STORES (PERSONAL SERVICES) • 800 SF
      218 Main St, Litchfield, NE 68852-7501
      View Details
    • Value Estimation by Request
      3,460 SF

      408 Bufford St

      AUTO REPAIR, GARAGE • 3,460 SF
      408 Bufford St, Litchfield, NE 68852-1979
      View Details
    • Value Estimation
      $2,145,000
      18,360 SF

      216 Howard St

      AUTO REPAIR, GARAGE • 18,360 SF
      216 Howard St, Litchfield, NE 68852-1981
      View Details
    • Value Estimation by Request
      600 SF

      212 Main St

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 600 SF
      212 Main St, Litchfield, NE 68852
      View Details
    • Value Estimation by Request
      925 SF

      223 Main St

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 925 SF
      223 Main St, Litchfield, NE 68852-7501
      View Details
    • Value Estimation by Request
      3,195 SF

      215 Main St

      RESTAURANT • 3,195 SF
      215 Main St, Litchfield, NE 68852
      View Details
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    224 Main St
    Litchfield, NE 68852-7501
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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