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Property profile & analytics
OFF-MARKET
Estimated value
$825,000
Commercial real estate
2810 Heartland Rd, Lexington, NE 68850-5700
Entity Owned
11-yr Hold
Free & Clear
Property ID
US57-0695504
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2015
Total area
9,259 SF
Zoning code
03-COMMERCIAL
APN
240217798
UPID
US57-0695504
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$825k
Owner & transaction history
Mtre Lexington Ne LLC · 11 yrs held
Mtre Lexington Ne LLC
since 2015
1 recorded transaction
Zoning & alternative use
03-COMMERCIAL · Lexington, NE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.3M
+64.8%
Restaurant
$960,000
+26.4%
Retail stores
$855,000
+12.3%
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 Lexington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lexington 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$760,000
Current use
OFFICE BUILDING
$1,255,000
Change: +65% · Conversion: Easy
RESTAURANT
$960,000
Change: +26% · Conversion: Difficult
RETAIL STORES
$855,000
Change: +12% · Conversion: Easy
WAREHOUSE, STORAGE
$800,000
Change: +5% · Conversion: Difficult
AUTO REPAIR, GARAGE
$650,000
Change: -15% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$620,000
Change: -18% · Conversion: Moderate
Blend value · Realmo final
$825k
Range $743k – $908k · ±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
$89 / 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
$30,500
Tax year 2023
Assessed value
$1,824,675
Assessed 2023
Previous assessed
$1,583,815
+15.2% YoY
Effective rate
1.67%
On assessed value
Assessed land
$26,730
Assessed improvement
$1,797,945
Land market value
$26,730
Improvement market value
$1,797,945
Total market value
$1,824,675
Applied tax rate
937.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
2015
Buildings
3
Stories
1
Total area
9,259 SF
Zoning code
03-COMMERCIAL
APN
240217798
UPID
US57-0695504
Jurisdiction
DAWSON
Zoning & alternative use
03-COMMERCIAL · Lexington, NE
Zoning 03-COMMERCIAL · permitted uses
03-COMMERCIAL · Lexington, NE
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lexington. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$760,000
OFFICE BUILDING
Est. value
$1.3M
RESTAURANT
Est. value
$960,000
RETAIL STORES
Est. value
$855,000
WAREHOUSE, STORAGE
Est. value
$800,000
AUTO REPAIR, GARAGE
Est. value
$650,000
INDUSTRIAL (GENERAL)
Est. value
$620,000
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
RESTAURANT
RETAIL STORES
WAREHOUSE, STORAGE
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
2015
Stories
1
Buildings
3
Current owner
From public records · entity-resolved
Mtre Lexington Ne LLC
Entity
Free & Clear · 11 yrs held
Mailing address
PO BOX 248, DURAND, WI 54736-0248
Ownership since
2015
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
Jun 2, 2015
$45,000
Mtre Lexington Ne LLC
Community Development Agency
Warranty Deed
—
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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