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Property profile & analytics
OFF-MARKET
Estimated value
$6,750,000
Hotels
2707 Locust St Grand Island, NE 68801-8229
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US57-0316859
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2010
Total area
45,324 SF
Lot
1.97 ac (85,639 SF)
Zoning code
03-COMMERCIAL
APN
400148382
UPID
US57-0316859
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
-
Best Western Plus Grand Island Inn & Suites Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.75M
CAP Approach
CAP
$4.47M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.75M
Owner & transaction history
Avadh LLC · 2 yrs held
Avadh LLC
since 2024
Last sale
$6.8M
6 recorded transactions
Zoning & alternative use
03-COMMERCIAL · Grand Island, NE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$10.4M
+551.1%
Office building
$7.1M
+347.4%
Restaurant
$5.1M
+222.3%
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 Grand Island submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Grand Island 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
$6,750,000
ML approach
$6,750,000
CAP Approach
CAP Return
Estimation
6%
$4,845,000
6.5%
$4,470,000
7%
$4,150,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$10,380,000
Change: +551% · Conversion: Difficult
OFFICE BUILDING
$7,135,000
Change: +347% · Conversion: Difficult
RESTAURANT
$5,140,000
Change: +222% · Conversion: Difficult
RETAIL STORES
$4,800,000
Change: +201% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,320,000
Change: +171% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$4,210,000
Change: +164% · Conversion: Difficult
Blend value · Realmo final
$6.75M
Range $6.08M – $7.43M · ±10% · vs last sale $6.75M (Feb 8 2024)
Last sale anchor
$6.75M
Feb 8 2024
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
$149 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$80,136
Tax year 2022
Assessed value
$4,409,994
Assessed 2023
Previous assessed
$4,409,994
+0.0% YoY
Effective rate
1.82%
On assessed value
Assessed land
$188,999
Assessed improvement
$4,220,995
Land market value
$188,999
Improvement market value
$4,220,995
Total market value
$4,409,994
Applied tax rate
5,024.0000
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
2010
Heating
FLOOR/WALL FURNACE
Buildings
2
Stories
3
Units
1
Total area
45,324 SF
Lot
1.97 ac (85,639 SF)
Zoning code
03-COMMERCIAL
APN
400148382
UPID
US57-0316859
Jurisdiction
HALL
Zoning & alternative use
03-COMMERCIAL · Grand Island, NE
Zoning 03-COMMERCIAL · permitted uses
03-COMMERCIAL · Grand Island, NE
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Grand Island. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$10.4M
OFFICE BUILDING
Est. value
$7.1M
RESTAURANT
Est. value
$5.1M
RETAIL STORES
Est. value
$4.8M
AUTO REPAIR, GARAGE
Est. value
$4.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.2M
COMMERCIAL (GENERAL)
OFFICE BUILDING
RESTAURANT
RETAIL STORES
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
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
2010
Heating
FLOOR/WALL FURNACE
Stories
3
Buildings
2
Units
1
Lot
1.97 ac
Current owner
From public records · entity-resolved
Avadh LLC
Entity
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 8, 2024
$6,750,000
Avadh LLC
South Pointe Development LLC
Warranty Deed
$5,400,000 · Home Federal Sla
Oct 30, 2023
—
Pointe Development LLC
—
Deed
related
$2,600,000 · Home Fsla
Mar 22, 2022
—
South Pointe Development LLC
—
Deed
related
$3,000,000 · Home Federal Sla
Jun 11, 2019
—
South Pointe Development LLC
—
Deed
related
$4,000,000 · First National Bank Of Omaha
Dec 13, 2018
—
South Pointe Dev LLC
—
Grant Deed
related
$1,900,000 · Pinnacle Bk
Jun 19, 2008
$150,000
Southeast Crossings LLC
Zhou,ming
Warranty Deed
related
$245,000 · Exchange Bk
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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