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Property profile & analytics
OFF-MARKET
Retail space
318 Grand Ave, Ravenna, NE 68869-1322
Individually Owned
14-yr Hold
Absentee Owner
Free & Clear
Property ID
US57-0725558
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1915
Construction
BRICK
Total area
1,602 SF
Lot
0.08 ac (3,500 SF)
Zoning code
03-COMMERCIAL
APN
40233000
UPID
US57-0725558
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
-
Ravenna Chamber of Commerce Business Service Center Advocacy Group
-
Ravenna Economic Development Corporation Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Jimmie D Rasmussen · 14 yrs held
Jimmie D Rasmussen
since 2011
2 recorded transactions
Zoning & alternative use
03-COMMERCIAL · Ravenna, 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 Ravenna submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ravenna 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
—
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
$632
Tax year 2023
Assessed value
$43,665
Assessed 2023
Previous assessed
$37,345
+16.9% YoY
Effective rate
1.45%
On assessed value
Assessed land
$4,375
Assessed improvement
$39,290
Land market value
$4,375
Improvement market value
$39,290
Total market value
$43,665
Applied tax rate
250.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1915
Construction
BRICK
Heating
SPACE
Buildings
3
Stories
1
Total area
1,602 SF
Lot
0.08 ac (3,500 SF)
Zoning code
03-COMMERCIAL
APN
40233000
UPID
US57-0725558
Jurisdiction
BUFFALO
Zoning & alternative use
03-COMMERCIAL · Ravenna, NE
Zoning 03-COMMERCIAL · permitted uses
03-COMMERCIAL · Ravenna, NE
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Ravenna. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1915
Construction
BRICK
Heating
SPACE
Stories
1
Buildings
3
Lot
0.08 ac
Current owner
From public records · entity-resolved
Jimmie D Rasmussen
Individual
Free & Clear · 14 yrs held
Mailing address
763 HWY 281, SAINT PAUL, NE 68873-6911
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 20, 2011
—
Jimmie D Rasmussen
Diane Kay Farris
Warranty Deed
—
Jun 2, 2011
—
Jimmie D Rasmussen
Diane Kay Farris
Warranty Deed
—
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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