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Property profile & analytics
OFF-MARKET
Estimated value
$900,000
Medical Office Space
3213 Wn Frnt St Grand Island, NE 68803-4026
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US57-0293508
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1985
Total area
4,881 SF
Lot
0.78 ac (34,048 SF)
Zoning code
07-OTHER
APN
400107120
UPID
US57-0293508
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
$880k
CAP Approach
CAP
$985k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$900k
Owner & transaction history
Restore Group LLC · 2 yrs held
Restore Group LLC
since 2023
Last sale
$900,000
5 recorded transactions
Zoning & alternative use
07-OTHER · Grand Island, NE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$810,000
+135.1%
Office building
$795,000
+131.0%
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
Method
Estimation
Statistic approach
$915,000
ML approach
$880,000
CAP Approach
CAP Return
Estimation
6%
$1,070,000
6.5%
$985,000
7%
$915,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$810,000
Change: +135% · Conversion: Easy
OFFICE BUILDING
$795,000
Change: +131% · Conversion: Easy
Blend value · Realmo final
$900k
Range $810k – $990k · ±10% · vs last sale $900k (Nov 17 2023)
Last sale anchor
$900k
Nov 17 2023
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
$184 / 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
$14,413
Tax year 2022
Assessed value
$793,198
Assessed 2023
Previous assessed
$793,198
+0.0% YoY
Effective rate
1.82%
On assessed value
Assessed land
$135,144
Assessed improvement
$658,054
Land market value
$135,144
Improvement market value
$658,054
Total market value
$793,198
Applied tax rate
5.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1985
Heating
HEAT PUMP
Cooling
YES
Buildings
2
Stories
1
Total area
4,881 SF
Lot
0.78 ac (34,048 SF)
Zoning code
07-OTHER
APN
400107120
UPID
US57-0293508
Jurisdiction
HALL
Zoning & alternative use
07-OTHER · Grand Island, NE
Zoning 07-OTHER · permitted uses
07-OTHER · 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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$810,000
OFFICE BUILDING
Est. value
$795,000
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
1985
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Buildings
2
Lot
0.78 ac
Current owner
From public records · entity-resolved
Restore Group LLC
Entity
Mailing address
3213 WN FRNT ST, GRAND ISLAND, NE 68803-4026
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 11, 2023
—
Restore Group LLC
—
Deed
related
$765,000 · Heartland Bank
Nov 17, 2023
$900,000
Restore Group LLC
Alr Enterprises LLC
Warranty Deed
$765,000 · Heartland Bank
Feb 21, 2014
$1,150,000
Alr Enterprises LLC
Superior Deshler L L C
Warranty Deed
$1,160,000 · Exchange Bank
Feb 28, 2013
$700,000
Eat-vii LLC
Kleine Funeral Home INC
Warranty Deed
—
—
—
Kleine Funeral Home INC
—
Deed Of Trust
related
$110,000 · Douglas D O'brien
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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