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Property profile & analytics
OFF-MARKET
Estimated value
$675,000
Medical Office Space
2916 Stolley Park Rd Grand Island, NE 68801-6807
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US57-0280772
Property profile
Verified
Property type
Medical Office Space
Use group
DENTAL BUILDING
Year built
2003
Total area
5,642 SF
Lot
0.78 ac (34,080 SF)
Zoning code
03-COMMERCIAL
APN
400111764
UPID
US57-0280772
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
-
Jacobs Dental Group Dental Office
-
Cody Rush Dental Office
-
Trail View Dental Dental Office
-
Dr. Jory Crouch Dental Office
-
Dr. Timothy Jacobs Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$685k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$580k
Blend (final)
Blend
$675k
Owner & transaction history
Timothy L Jacobs · 4 yrs held
Timothy L Jacobs
since 2022
Last sale
$675,000
2 recorded transactions
Zoning & alternative use
03-COMMERCIAL · Grand Island, NE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$890,000
+92.7%
Restaurant
$640,000
+38.8%
Retail stores
$595,000
+29.6%
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
$670,000
ML approach
$685,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$460,000
Current use
OFFICE BUILDING
$890,000
Change: +93% · Conversion: Easy
RESTAURANT
$640,000
Change: +39% · Conversion: Difficult
RETAIL STORES
$595,000
Change: +30% · Conversion: Difficult
AUTO REPAIR, GARAGE
$540,000
Change: +17% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$525,000
Change: +14% · Conversion: Moderate
WAREHOUSE, STORAGE
$485,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$675k
Range $608k – $743k · ±10% · vs last sale $675k (Mar 28 2022)
Last sale anchor
$675k
Mar 28 2022
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
$120 / 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
$17,604
Tax year 2022
Assessed value
$968,795
Assessed 2023
Previous assessed
$968,795
+0.0% YoY
Effective rate
1.82%
On assessed value
Assessed land
$67,620
Assessed improvement
$901,175
Land market value
$67,620
Improvement market value
$901,175
Total market value
$968,795
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
Medical Office Space
Use group
DENTAL BUILDING
Status
Off-Market
Year built
2003
Heating
HEAT PUMP
Cooling
AC.PACKAGE
Stories
1
Total area
5,642 SF
Lot
0.78 ac (34,080 SF)
Zoning code
03-COMMERCIAL
APN
400111764
UPID
US57-0280772
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
MEDICAL BUILDING Current
Est. value
$460,000
OFFICE BUILDING
Est. value
$890,000
RESTAURANT
Est. value
$640,000
RETAIL STORES
Est. value
$595,000
AUTO REPAIR, GARAGE
Est. value
$540,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$525,000
WAREHOUSE, STORAGE
Est. value
$485,000
MEDICAL BUILDING Current
OFFICE BUILDING
RESTAURANT
RETAIL STORES
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
WAREHOUSE, STORAGE
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
2003
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Lot
0.78 ac
Current owner
From public records · entity-resolved
Timothy L Jacobs
Individual
Mailing address
110 PLATTE VW DR, PHILLIPS, NE 68865-2603
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 28, 2022
$675,000
Timothy L Jacobs
H2os Real Estate LLC
Warranty Deed
$650,000 · Five Points Bank
Mar 18, 2022
—
Timothy L Jacobs
T J C W LLC
Quit Claim Deed
related
—
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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