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    Property profile & analytics

    3021 Locust St Grand Island, NE 68801-8865

    • Motels
    • 11,172 SF
    • 4.85 lot acres
    OFF-MARKET
    Value Estimation
    $455,000
    Last Sale
    Sep 22, 2020
    Location Intelligence
    Property ID
    US57-0320535
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Red Coach Inn & Suites Grand Island / Hotel / Lodge
    • The Grand Island Extended Stay / Motel
    • Mossberg Sanitation Inc / Sanitation Service
    • Texas toadhouse / Restaurant

    Property Details for 3021 Locust St

    Year built
    1974
    Lot size
    4.85 lot acres
    Property size
    11,172 SF
    Zone code
    03-COMMERCIAL
    Property type
    Motels
    APN
    400148447
    APU
    400148447

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Grand Island
    County
    Hall
    State
    Nebraska
    Longitude
    -98.3385
    Latitude
    40.8912
    CBSA code
    24260
    CBSA name
    GRAND ISLAND, NE MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $10,601
    $346,151
    $237,215
    $583,366
    -
    $346,151
    $237,215
    $583,366

    Comparable in this City

    • Value Estimation by Request
      23,000 SF

      3205 Locust St

      MOTEL • 23,000 SF
      3205 Locust St, Grand Island, NE 68801-8869
      View Details
    • Value Estimation
      $240,000
      5,039 SF

      507 2nd St

      MOTEL • 5,039 SF
      507 2nd St, Grand Island, NE 68801-5937
      View Details
    • Value Estimation
      $470,000
      23,436 SF

      7501 Us Hwy 281

      MOTEL • 23,436 SF
      7501 Us Hwy 281, Grand Island, NE 68801-9607
      View Details
    • Value Estimation
      $3,345,000
      28,228 SF

      2603 Locust St

      MOTEL • 28,228 SF
      2603 Locust St, Grand Island, NE 68801-8227
      View Details
    • Value Estimation by Request
      90,720 SF

      3333 Ramada Rd

      HOTEL • 90,720 SF
      3333 Ramada Rd, Grand Island, NE 68801-8875
      View Details
    • Value Estimation
      $565,000
      17,088 SF

      2311 Locust St

      HOTEL • 17,088 SF
      2311 Locust St, Grand Island, NE 68801-8221
      View Details

    Similar Nearby for Sale

    • $3,000,000
      23,000 SF

      Super 8 Grand Island South

      58-room hotel near attractions with expansion potential.
      3205 S Locust St, Grand Island, NE 68801
      View Details
    • $793,800
      29.40 Acres

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      29.4+/- acre tract ideal for building a dream home.
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    • $35,000
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      Residential Lot in Grand Island

      Residential lot in established Grand Island neighborhood with future development.
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    3021 Locust St
    Grand Island, NE 68801-8865
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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