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Property profile & analytics
OFF-MARKET
Estimated value
$58,525,000
Investment properties
235 11th St, Lincoln, NE 68508-2112
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US57-0402626
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
2014
Total area
338,524 SF
Lot
2.07 ac (89,995 SF)
Zoning code
B4
APN
10-26-208-019-000
UPID
US57-0402626
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
-
Yes Chef Catering Company Take-out & Catering Catering Service
-
LATITUDE Real Estate Agency
-
FelineLand (Bike/Boat/Book/etc) Store Pet Store & Service
-
Stroman Seamless Gutters LLC Hardware & Home Improvement General Contractor
-
VAN Rental Lincoln - TOWN Car Rental Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$63.28M
Comparable Approach
Comparable
$75.75M
Blend (final)
Blend
$58.53M
Owner & transaction history
Ca & Argent Block 68 Lincoln LLC · 7 yrs held
Ca & Argent Block 68 Lincoln LLC
since 2019
3 recorded transactions
Zoning & alternative use
B4 · Lincoln, NE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$71.9M
+53.2%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$68,550,000
6.5%
$63,280,000
7%
$58,760,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$46,930,000
Current use
RETAIL STORES
$71,880,000
Change: +53% · Conversion: Easy
Blend value · Realmo final
$58.53M
Range $52.67M – $64.38M · ±10%
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
$173 / 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
$939,473
Tax year 2024
Assessed value
$52,563,800
Assessed 2024
Previous assessed
$50,063,800
+5.0% YoY
Effective rate
1.79%
On assessed value
Assessed land
$3,510,000
Assessed improvement
$49,053,800
Land market value
$3,510,000
Improvement market value
$49,053,800
Total market value
$52,563,800
Applied tax rate
9,952.0000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
2014
Heating
HEAT PUMP
Units
198
Total area
338,524 SF
Lot
2.07 ac (89,995 SF)
Zoning code
B4
APN
10-26-208-019-000
UPID
US57-0402626
Jurisdiction
LANCASTER
Zoning & alternative use
B4 · Lincoln, NE
Zoning B4 · permitted uses
B4 · 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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$46.9M
RETAIL STORES
Est. value
$71.9M
COMMERCIAL (GENERAL) Current
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2014
Heating
HEAT PUMP
Units
198
Lot
2.07 ac
Current owner
From public records · entity-resolved
Ca & Argent Block 68 Lincoln LLC
Entity
Mailing address
1 N LA SALLE ST STE #2100, CHICAGO, IL 60602-3918
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 14, 2019
—
Ca & Argent Block 68 Lincoln LLC
—
Deed
related
$43,400,000 · Wilson Hcf Wisconsin 7 Repo Ll
—
—
Ca & Argent Block 68 Lincoln LLC
—
Deed Of Trust
related
$43,400,000 · Wilson Hcf Wisconsin 7 Repo Ll
—
—
Ca & Argent Block 68 Lincoln LLC
—
Deed Of Trust
related
—
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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