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Property profile & analytics
OFF-MARKET
Estimated value
$600,000
Retail space
2311 Cotner Blvd Lincoln, NE 68507-2821
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US57-0018524
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1946
Total area
7,921 SF
Lot
0.53 ac (22,871 SF)
Zoning code
B3
APN
17-16-220-005-000
UPID
US57-0018524
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Nebraska Facility Services LLC Commercial Cleaning Service Janitorial Service
-
White Picket Fence Discount Store
-
The Soundroom LLC Recording Studio
-
Affected Productions Music Venue
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$645k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$463k
Blend (final)
Blend
$600k
Owner & transaction history
Iot Investments LLC · 3 yrs held
Iot Investments LLC
since 2023
Last sale
$565,000
7 recorded transactions
Zoning & alternative use
B3 · Lincoln, NE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Lincoln submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lincoln submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$630,000
ML approach
$645,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$600k
Range $540k – $660k · ±10% · vs last sale $565k (Mar 9 2023)
Last sale anchor
$565k
Mar 9 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$76 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$8,972
Tax year 2024
Assessed value
$502,000
Assessed 2024
Previous assessed
$523,000
-4.0% YoY
Effective rate
1.79%
On assessed value
Assessed land
$183,000
Assessed improvement
$319,000
Land market value
$183,000
Improvement market value
$319,000
Total market value
$502,000
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1946
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
7,921 SF
Lot
0.53 ac (22,871 SF)
Zoning code
B3
APN
17-16-220-005-000
UPID
US57-0018524
Jurisdiction
LANCASTER
Zoning & alternative use
B3 · Lincoln, NE
Zoning B3 · permitted uses
B3 · Lincoln, NE
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lincoln. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1946
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
0.53 ac
Current owner
From public records · entity-resolved
Iot Investments LLC
Entity
Mailing address
2905 N 38TH ST #1, LINCOLN, NE 68504-2422
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 19, 2024
—
Iot Investments LLC
—
Deed
related
$610,000 · Midwest Bank
Mar 9, 2023
$565,000
Iot Investments LLC
Shoemaker Miller Real Estate LLC
Warranty Deed
$500,000 · Elevated Cotner Holdings LLC
Aug 21, 2017
—
Shoemaker Miller R & E LLC
—
Deed
related
$224,000 · Cornhusker Bk
Dec 7, 2016
—
Shoemaker Miller R & E LLC
—
Deed
related
$175,600 · Cornhusker Bk
Sep 1, 2004
$250,000
Out Of Ayr LLC
Rcw LLC
Warranty Deed
$200,000 · First National Bank
Oct 3, 2001
$250,000
Heartland Scuba Center Lincoln
Sea Breeze Pointe LLC
Grant Deed
$250,000 · Sea Breeze Pointe LLC
Aug 3, 1998
$210,000
Kenneth E Claussen
Walton Investment Group
Grant Deed
$120,000 · National Bank Commerce Tr & Sa
—
—
Sea Breeze Pointe LLC
—
Deed Of Trust
related
$130,000 · National Bank Commerce Tr & Sa
—
—
Kenneth E Claussen
—
Deed Of Trust
related
$90,000 · Individual
—
—
Shoemaker Miller R & E LLC
—
Loan Modification
related
$175,600 · Cornhusker Bk
—
—
Heartland Scuba Center
—
Deed Of Trust
related
$225,000 · Wells Fargo Bank
—
—
Shoemaker Miller R & E LLC
—
Loan Modification
related
$224,000 · Cornhusker Bk
—
—
Out Of Ayr LLC
—
Deed Of Trust
related
$6,000 · First National Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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