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Property profile & analytics
OFF-MARKET
Estimated value
$1,255,000
Hotels
2940 12th St Lincoln, NE 68521-3605
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US57-0160406
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1985
Total area
25,824 SF
Lot
1.41 ac (61,420 SF)
Zoning code
H3
APN
11-15-100-003-000
UPID
US57-0160406
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
-
Luxury Inn & Suites Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.59M
Blend (final)
Blend
$1.26M
Owner & transaction history
Ohm Shiv Corp · 10 yrs held
Ohm Shiv Corp
since 2016
6 recorded transactions
Zoning & alternative use
H3 · Lincoln, 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 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
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
INDUSTRIAL (GENERAL)
$2,070,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$1.26M
Range $1.13M – $1.38M · ±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
$49 / 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
$24,109
Tax year 2024
Assessed value
$1,348,900
Assessed 2024
Previous assessed
$1,348,900
+0.0% YoY
Effective rate
1.79%
On assessed value
Assessed land
$399,300
Assessed improvement
$949,600
Land market value
$399,300
Improvement market value
$949,600
Total market value
$1,348,900
Applied tax rate
9,938.0000
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
1985
Heating
HEAT PUMP
Cooling
YES
Stories
1
Units
66
Total area
25,824 SF
Lot
1.41 ac (61,420 SF)
Zoning code
H3
APN
11-15-100-003-000
UPID
US57-0160406
Jurisdiction
LANCASTER
Zoning & alternative use
H3 · Lincoln, NE
Zoning H3 · permitted uses
H3 · 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
INDUSTRIAL (GENERAL)
Est. value
$2.1M
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
1985
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Units
66
Lot
1.41 ac
Current owner
From public records · entity-resolved
Ohm Shiv Corp
Entity
Mailing address
2940 NW 12TH ST, LINCOLN, NE 68521-3605
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 7, 2017
—
Ohm Shiv Corp
—
Deed
related
$150,000 · Boney Corp Of Lincoln
Apr 12, 2016
$874,000
Ohm Shiv Corp
Boney Corp Of Lincoln
Quit Claim Deed
related
$875,000 · Wells Fargo Bk
May 5, 2005
$1,260,000
Boney Corp Of Lincoln
Heritage Inn Of Lincoln INC
Warranty Deed
$1,700,000 · Heartland Bank
—
—
Ohm Shiv Corp
—
Deed Of Trust
related
$150,000 · Boney Corp Of Lincoln
—
—
Boney Corp Of Lincoln
—
Deed Of Trust
related
$986,261 · Heartland Bank
—
—
Boney Corp Of Lincoln
—
Deed Of Trust
related
$500,000 · Grinnell State 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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