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Property profile & analytics
OFF-MARKET
Estimated value
$11,665,000
Manufacturing properties
3002 Victory Rd Norfolk, NE 68701-0833
Entity Owned
3-yr Hold
Free & Clear
Property ID
US57-0831431
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2007
Total area
25,969 SF
Lot
42.77 ac (1,863,061 SF)
Zoning code
INDUSTRIAL
APN
590163771
UPID
US57-0831431
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
$8.65M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$11.67M
Owner & transaction history
Cie Norfolk Gns LLC · 3 yrs held
Cie Norfolk Gns LLC
since 2022
Last sale
$11.7M
3 recorded transactions
Zoning & alternative use
INDUSTRIAL · Norfolk, 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 Norfolk submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Norfolk 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
$11,605,000
ML approach
$8,650,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$11.67M
Range $10.50M – $12.83M · ±10% · vs last sale $11.69M (Oct 31 2022)
Last sale anchor
$11.69M
Oct 31 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
$449 / 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
$203,224
Tax year 2023
Assessed value
$13,199,020
Assessed 2023
Previous assessed
$11,607,342
+13.7% YoY
Effective rate
1.54%
On assessed value
Assessed land
$513,240
Assessed improvement
$12,685,780
Land market value
$513,240
Improvement market value
$12,685,780
Total market value
$13,199,020
Applied tax rate
55.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
2007
Buildings
15
Stories
1
Total area
25,969 SF
Lot
42.77 ac (1,863,061 SF)
Zoning code
INDUSTRIAL
APN
590163771
UPID
US57-0831431
Jurisdiction
MADISON
Zoning & alternative use
INDUSTRIAL · Norfolk, NE
Zoning INDUSTRIAL · permitted uses
INDUSTRIAL · Norfolk, NE
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Norfolk. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2007
Stories
1
Buildings
15
Lot
42.77 ac
Current owner
From public records · entity-resolved
Cie Norfolk Gns LLC
Entity
Free & Clear · 3 yrs held
Mailing address
2955 W DELPHI PIKE, MARION, IN 46952-9265
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 13, 2023
—
Cie Norfolk Gns LLC
—
Deed
related
$470,000 · Bmo Harris Bank NA
Oct 31, 2022
$11,692,000
Cie Norfolk Gns LLC
Elkhorn Valley Ethanol
Special Warranty Deed
—
Mar 6, 2006
—
Elkhorn Valley Ethanol LLC
Elkhorn Valley Ethanol LLC
Assessor Sales History
—
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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