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Property profile & analytics
OFF-MARKET
Estimated value
$1,190,000
Warehouses
23910 Karl Dr Elmwood, NE 68349-2301
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US57-0380132
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2017
Total area
9,600 SF
Lot
5.34 ac (232,610 SF)
Zoning code
03-COMMERCIAL
APN
130391743
UPID
US57-0380132
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.26M
Comparable Approach
Comparable
$1.13M
Blend (final)
Blend
$1.19M
Owner & transaction history
Sycart LLC · 1 yrs held
Sycart LLC
since 2024
5 recorded transactions
Zoning & alternative use
03-COMMERCIAL · Elmwood, NE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
TABLE OF CONTENTS
Top alternative use upside
Office building
$1.7M
+121.2%
Commercial (general)
$1.1M
+41.8%
Retail stores
$1.1M
+40.6%
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 Elmwood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Elmwood 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%
$1,360,000
6.5%
$1,255,000
7%
$1,165,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$785,000
Current use
OFFICE BUILDING
$1,740,000
Change: +121% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,115,000
Change: +42% · Conversion: Difficult
RETAIL STORES
$1,105,000
Change: +41% · Conversion: Moderate
RESTAURANT
$1,070,000
Change: +36% · Conversion: Difficult
AUTO REPAIR, GARAGE
$925,000
Change: +18% · Conversion: Easy
INDUSTRIAL (GENERAL)
$760,000
Change: -4% · Conversion: Easy
Blend value · Realmo final
$1.19M
Range $1.07M – $1.31M · ±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
$124 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$32,770
Tax year 2023
Assessed value
$2,747,621
Assessed 2023
Previous assessed
$1,878,386
+46.3% YoY
Effective rate
1.19%
On assessed value
Assessed land
$175,686
Assessed improvement
$2,571,935
Land market value
$175,686
Improvement market value
$2,571,935
Total market value
$2,747,621
Applied tax rate
465.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2017
Heating
NONE
Buildings
7
Total area
9,600 SF
Lot
5.34 ac (232,610 SF)
Zoning code
03-COMMERCIAL
APN
130391743
UPID
US57-0380132
Jurisdiction
CASS
Zoning & alternative use
03-COMMERCIAL · Elmwood, NEZoning 03-COMMERCIAL · permitted uses
03-COMMERCIAL · Elmwood, NE
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
TABLE OF CONTENTS
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$785,000
OFFICE BUILDING
Est. value
$1.7M
COMMERCIAL (GENERAL)
Est. value
$1.1M
RETAIL STORES
Est. value
$1.1M
RESTAURANT
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$925,000
INDUSTRIAL (GENERAL)
Est. value
$760,000
WAREHOUSE, STORAGE Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
RESTAURANT
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
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
2017
Heating
NONE
Buildings
7
Lot
5.34 ac
Current owner
From public records · entity-resolved
Sycart LLC
Entity
Mailing address
6720 SS ST, LINCOLN, NE 68506-2830
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 31, 2024
—
Sycart LLC
—
Deed
related
$245,750 · Home Federal Sla
Mar 4, 2022
—
Sycart LLC
—
Deed
related
$1,163,382 · Home Federal S & L Assn
Dec 22, 2021
—
Sycart LLC
—
Deed
related
$2,259,311 · Home Fedl S & L Grand Island
Dec 4, 2018
—
Sycart LLC
—
Deed
related
$190,000 · Cattle Bank & Trust
May 31, 2016
—
Sycart LLC
—
Deed
related
$1,300,000 · Cattle National Bank & Trust Company
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.
Try Rey
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