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Property profile & analytics
OFF-MARKET
Estimated value
$7,250,000
Hotels
2803 Folkways Blvd Lincoln, NE 68504-1234
Individually Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US57-0532893
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
2015
Total area
54,066 SF
Lot
1.99 ac (86,467 SF)
Zoning code
B5
APN
17-06-101-014-000
UPID
US57-0532893
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
-
Sleep Inn & Suites Lincoln University Area Hotel & Motel
-
MainStay Suites Lincoln University Area Hotel & Motel Vacation Rental
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.25M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.17M
Blend (final)
Blend
$7.25M
Owner & transaction history
Sadique P Shaikh · 1 yrs held
Sadique P Shaikh
since 2024
Last sale
$7.3M
1 recorded transaction
Zoning & alternative use
B5 · Lincoln, NE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$11.5M
+139.3%
Commercial (general)
$6.2M
+28.7%
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
$7,250,000
ML approach
$7,250,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$4,800,000
Current use
RETAIL STORES
$11,480,000
Change: +139% · Conversion: Difficult
COMMERCIAL (GENERAL)
$6,170,000
Change: +29% · Conversion: Difficult
Blend value · Realmo final
$7.25M
Range $6.53M – $7.98M · ±10% · vs last sale $7.25M (Oct 2 2024)
Last sale anchor
$7.25M
Oct 2 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
$134 / 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
$97,270
Tax year 2024
Assessed value
$5,442,300
Assessed 2024
Previous assessed
$5,636,700
-3.4% YoY
Effective rate
1.79%
On assessed value
Assessed land
$843,000
Assessed improvement
$4,599,300
Land market value
$843,000
Improvement market value
$4,599,300
Total market value
$5,442,300
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
2015
Heating
HEAT PUMP
Cooling
YES
Units
96
Total area
54,066 SF
Lot
1.99 ac (86,467 SF)
Zoning code
B5
APN
17-06-101-014-000
UPID
US57-0532893
Jurisdiction
LANCASTER
Zoning & alternative use
B5 · Lincoln, NE
Zoning B5 · permitted uses
B5 · 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
HOTEL/MOTEL Current
Est. value
$4.8M
RETAIL STORES
Est. value
$11.5M
COMMERCIAL (GENERAL)
Est. value
$6.2M
HOTEL/MOTEL Current
RETAIL STORES
COMMERCIAL (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
2015
Heating
HEAT PUMP
Cooling
Yes
Units
96
Lot
1.99 ac
Current owner
From public records · entity-resolved
Sadique P Shaikh
Individual
Mailing address
2635 W O ST S STE L, LINCOLN, NE 68528-1160
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 2, 2024
$7,250,000
Sadique P Shaikh
Folkways Hospitality LLC
Special Warranty Deed
$5,800,000 · Cornhusker 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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