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Property profile & analytics
OFF-MARKET
Retail space
2824 Locust St Grand Island, NE 68801-8862
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US57-0270219
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1981
Construction
STEEL FRAME
Total area
2,432 SF
Lot
0.75 ac (32,500 SF)
Zoning code
03-COMMERCIAL
APN
400143216
UPID
US57-0270219
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
-
CARQUEST AUTO PARTS #3546 Auto Parts Store
-
Arona Home Essentials Grand Island Interior Design
-
UPS Access Point location Courier Service Postal Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Aterra 178 2824 S Locust Grand Isla · 3 yrs held
Aterra 178 2824 S Locust Grand Isla
since 2022
Last sale
$619,500
7 recorded transactions
Zoning & alternative use
03-COMMERCIAL · Grand Island, NE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$10,524
Tax year 2022
Assessed value
$579,147
Assessed 2023
Previous assessed
$579,147
+0.0% YoY
Effective rate
1.82%
On assessed value
Assessed land
$108,750
Assessed improvement
$470,397
Land market value
$108,750
Improvement market value
$470,397
Total market value
$579,147
Applied tax rate
5.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1981
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
AC.CHILLED WATER
Buildings
3
Stories
1
Total area
2,432 SF
Lot
0.75 ac (32,500 SF)
Zoning code
03-COMMERCIAL
APN
400143216
UPID
US57-0270219
Jurisdiction
HALL
Zoning & alternative use
03-COMMERCIAL · Grand Island, NEZoning 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
Building & site characteristics
From public records
Year built
1981
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
Yes
Stories
1
Buildings
3
Lot
0.75 ac
Current owner
From public records · entity-resolved
Aterra 178 2824 S Locust Grand Isla
Individual
Mailing address
1001 GRAND AVE, WEST DES MOINES, IA 50265-3502
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 10, 2023
—
Grand Island LLC
—
Deed
related
$495,600 · Peoples Bank
Sep 28, 2022
—
Aterra 178 2824 S Locust Grand Isla
Kay Enterprises Grand Island II LLC
Re-recorded Document
related
$620,000 · Peoples Bank
Aug 30, 2022
$620,000
178 2824 S Locust Grand Island LLC
Kay Enterprises Grand Island II LLC
Warranty Deed
$620,000 · Peoples Bank
Jun 24, 2021
$550,000
Kay Enterprises Grand Island II LLC
Dj & Dk Properties LLC
Warranty Deed
—
Jan 22, 2019
—
Dale A Arp
Arp D A & K J Trust
Quit Claim Deed
related
—
Jan 22, 2019
$560,000
Dj & Dk Properties LLC
Arp,dale A & Kathleen J
Warranty Deed
—
Jan 22, 2019
$280,000
David A Sattler
Arp D A & K J Trust
Grant Deed
related
—
Nov 25, 2015
—
Arp,dale A & Kathleen J Trust
Arp,dale A & Kathleen J
Quit Claim Deed
related
—
—
—
Dale Arp
—
Deed Of Trust
related
$350,173 · Five Points 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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