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Property profile & analytics
OFF-MARKET
Estimated value
$2,150,000
Hotels
3102 Jeffers St North Platte, NE 69101-6800
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US57-1079991
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1989
Total area
21,386 SF
Lot
1.23 ac (53,405 SF)
Zoning code
COMMERCIAL
APN
0046208.25
UPID
US57-1079991
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
-
Days Inn by Wyndham North Platte Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.15M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.15M
Owner & transaction history
Neesun Hospitality INC · 1 yrs held
Neesun Hospitality INC
since 2024
Last sale
$2.2M
3 recorded transactions
Zoning & alternative use
COMMERCIAL · North Platte, NE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
CHAPTER 156: ZONING
Top alternative use upside
Office building
$2.7M
+238.0%
Commercial (general)
$2.6M
+218.8%
Restaurant
$2.3M
+183.8%
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 North Platte submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North Platte 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
$2,150,000
ML approach
$2,150,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,730,000
Change: +238% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,575,000
Change: +219% · Conversion: Difficult
RESTAURANT
$2,295,000
Change: +184% · Conversion: Difficult
MEDICAL BUILDING
$1,725,000
Change: +113% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,385,000
Change: +72% · Conversion: Difficult
RETAIL STORES
$1,375,000
Change: +70% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,365,000
Change: +69% · Conversion: Difficult
Blend value · Realmo final
$2.15M
Range $1.94M – $2.37M · ±10% · vs last sale $2.15M (Aug 29 2024)
Last sale anchor
$2.15M
Aug 29 2024
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
$101 / 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
$22,222
Tax year 2023
Assessed value
$1,218,680
Assessed 2023
Previous assessed
$1,218,680
+0.0% YoY
Effective rate
1.82%
On assessed value
Assessed land
$581,787
Assessed improvement
$636,893
Land market value
$581,787
Improvement market value
$636,893
Total market value
$1,218,680
Applied tax rate
3.0000
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
Status
Off-Market
Year built
1989
Buildings
4
Stories
2
Units
48
Total area
21,386 SF
Lot
1.23 ac (53,405 SF)
Zoning code
COMMERCIAL
APN
0046208.25
UPID
US57-1079991
Jurisdiction
LINCOLN
Zoning & alternative use
COMMERCIAL · North Platte, NEZoning COMMERCIAL · permitted uses
COMMERCIAL · North Platte, NE
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
CHAPTER 156: ZONING
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$2.7M
COMMERCIAL (GENERAL)
Est. value
$2.6M
RESTAURANT
Est. value
$2.3M
MEDICAL BUILDING
Est. value
$1.7M
WAREHOUSE, STORAGE
Est. value
$1.4M
RETAIL STORES
Est. value
$1.4M
AUTO REPAIR, GARAGE
Est. value
$1.4M
OFFICE BUILDING
COMMERCIAL (GENERAL)
RESTAURANT
MEDICAL BUILDING
WAREHOUSE, STORAGE
RETAIL STORES
AUTO REPAIR, GARAGE
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
1989
Stories
2
Buildings
4
Units
48
Lot
1.23 ac
Current owner
From public records · entity-resolved
Neesun Hospitality INC
Entity
Mailing address
4712 E GRAND AVE LARAMIE
Ownership since
2024
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
Aug 29, 2024
$2,150,000
Neesun Hospitality INC
Laxmi Narayan INC
Warranty Deed
$1,505,000 · Arbor Bank
Apr 4, 2017
—
Laxmi Narayan INC
—
Deed
related
$947,653 · Adams Bank & Trust
Oct 4, 2006
$157,500
Laxmii Narayan INC
Luxury Inn Of North Platte
Warranty Deed
$1,275,000 · Luxury Inn Of North Platte INC
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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