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Property profile & analytics
OFF-MARKET
Estimated value
$1,290,000
Warehouses
2905 39th St Kearney, NE 68847-3922
Individually Owned
13-yr Hold
Free & Clear
Property ID
US57-0783615
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2005
Construction
STEEL FRAME
Total area
12,000 SF
Lot
2.96 ac (128,938 SF)
Zoning code
04-INDUSTRIAL
APN
620167201
UPID
US57-0783615
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
-
Midland Molding Inc Factory Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.45M
Comparable Approach
Comparable
$1.13M
Blend (final)
Blend
$1.29M
Owner & transaction history
Marta S Meier · 13 yrs held
Marta S Meier
since 2012
2 recorded transactions
Zoning & alternative use
04-INDUSTRIAL · Kearney, NE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.5M
+89.3%
Office building
$1.5M
+81.0%
Commercial (general)
$1.4M
+79.5%
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 Kearney submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Kearney 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%
$1,570,000
6.5%
$1,450,000
7%
$1,345,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$805,000
Current use
RESTAURANT
$1,520,000
Change: +89% · Conversion: Difficult
OFFICE BUILDING
$1,450,000
Change: +81% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,440,000
Change: +80% · Conversion: Difficult
MEDICAL BUILDING
$1,135,000
Change: +41% · Conversion: Difficult
RETAIL STORES
$1,125,000
Change: +40% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,010,000
Change: +26% · Conversion: Easy
Blend value · Realmo final
$1.29M
Range $1.16M – $1.42M · ±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
$108 / 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
$24,651
Tax year 2023
Assessed value
$1,557,525
Assessed 2023
Previous assessed
$1,342,230
+16.0% YoY
Effective rate
1.58%
On assessed value
Assessed land
$112,720
Assessed improvement
$1,444,805
Land market value
$112,720
Improvement market value
$1,444,805
Total market value
$1,557,525
Applied tax rate
900.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2005
Construction
STEEL FRAME
Buildings
4
Stories
1
Total area
12,000 SF
Lot
2.96 ac (128,938 SF)
Zoning code
04-INDUSTRIAL
APN
620167201
UPID
US57-0783615
Jurisdiction
BUFFALO
Zoning & alternative use
04-INDUSTRIAL · Kearney, NE
Zoning 04-INDUSTRIAL · permitted uses
04-INDUSTRIAL · Kearney, NE
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Kearney. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$805,000
RESTAURANT
Est. value
$1.5M
OFFICE BUILDING
Est. value
$1.5M
COMMERCIAL (GENERAL)
Est. value
$1.4M
MEDICAL BUILDING
Est. value
$1.1M
RETAIL STORES
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$1.0M
WAREHOUSE, STORAGE Current
RESTAURANT
OFFICE BUILDING
COMMERCIAL (GENERAL)
MEDICAL BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
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
2005
Construction
STEEL FRAME
Stories
1
Buildings
4
Lot
2.96 ac
Current owner
From public records · entity-resolved
Marta S Meier
Individual
Free & Clear · 13 yrs held
Mailing address
5907 6TH AVE, KEARNEY, NE 68845-3306
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 21, 2012
—
Marta S Meier
Michael T Meier
Warranty Deed
related
—
Apr 19, 2012
$461,280
Wendell R Dubbs
Gary L Henderson
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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