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Property profile & analytics
OFF-MARKET
Estimated value
$1,265,000
Hotels
3051 Locust St 3201 Grand Island, NE 68801-8865
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US57-0310746
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2014
Total area
101,313 SF
Lot
3.01 ac (130,898 SF)
Zoning code
03-COMMERCIAL
APN
400495529
UPID
US57-0310746
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
-
MainStay Suites Grand Island Hotel & Motel Vacation Rental
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.27M
Owner & transaction history
Heritage Hospitality INC · 12 yrs held
Heritage Hospitality INC
since 2014
3 recorded transactions
Zoning & alternative use
03-COMMERCIAL · Grand Island, 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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$12 / 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
$61,926
Tax year 2022
Assessed value
$3,407,898
Assessed 2023
Previous assessed
$3,407,898
+0.0% YoY
Effective rate
1.82%
On assessed value
Assessed land
$245,573
Assessed improvement
$3,162,325
Land market value
$245,573
Improvement market value
$3,162,325
Total market value
$3,407,898
Applied tax rate
5,045.0000
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
2014
Heating
HEAT PUMP
Stories
3
Units
1
Total area
101,313 SF
Lot
3.01 ac (130,898 SF)
Zoning code
03-COMMERCIAL
APN
400495529
UPID
US57-0310746
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.
Building & site characteristics
From public records
Year built
2014
Heating
HEAT PUMP
Stories
3
Units
1
Lot
3.01 ac
Current owner
From public records · entity-resolved
Heritage Hospitality INC
Entity
Mailing address
3051 S LOCUST ST, GRAND ISLAND, NE 68801-8865
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2014
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
Apr 17, 2014
$208,000
Heritage Hospitality INC
Legacy Hospitality INC
Warranty Deed
$3,325,000 · Equitable Bk
Dec 18, 2013
$208,000
Sandra L Milton
Milton Motels LLC
Warranty Deed
related
—
—
—
Heritage Hospitality INC
—
Deed Of Trust
related
$1,272,000 · Economic & Cmnty Dev Inst
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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