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Property profile & analytics
OFF-MARKET
Bars & Pubs
327 Spruce St Valley, NE 68064-9603
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US57-0104285
Property profile
Verified
Property type
Bars & Pubs
Use group
BAR, TAVERN
Year built
1915
Total area
2,160 SF
Lot
0.18 ac (7,702 SF)
APN
2345030000
UPID
US57-0104285
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
-
Spruce Street Tavern Bar & Pub
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
Ralph J Kurtz · 3 yrs held
Ralph J Kurtz
since 2022
Last sale
$277,000
7 recorded transactions
Zoning & alternative use
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 Valley submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Valley 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
$2,348
Tax year 2023
Assessed value
$146,500
Assessed 2023
Previous assessed
$146,500
+0.0% YoY
Effective rate
1.60%
On assessed value
Assessed land
$21,200
Assessed improvement
$125,300
Land market value
$21,200
Improvement market value
$125,300
Total market value
$146,500
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
Bars & Pubs
Use group
BAR, TAVERN
Status
Off-Market
Year built
1915
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
2,160 SF
Lot
0.18 ac (7,702 SF)
APN
2345030000
UPID
US57-0104285
Jurisdiction
DOUGLAS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1915
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
1
Lot
0.18 ac
Current owner
From public records · entity-resolved
Ralph J Kurtz
Individual
Mailing address
7512 N 285TH AVE CIR, VALLEY, NE 68064-9449
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 24, 2025
—
Matthew S Fauglid
—
Deed
related
$269,304 · First Nebraska Bank
Oct 6, 2022
—
Ralph J Kurtz
Ralph J Kurtz
Intrafamily Transfer
related
—
Jan 9, 2019
—
Ralph J Kurtz
Noonan,michael & James
Grant Deed
related
—
Aug 18, 2014
$277,000
Michael Noonan
Kurtz,ralph J & Kirsten E
Grant Deed
$365,000 · Ralph J & Kirsten E Kurtz
Aug 8, 2012
$90,000
Ralph J Kurtz
Vanburen,willard JR & Babbett
Warranty Deed
$69,500 · First Ne Bank
—
—
Ralph J Kurtz
—
Deed Of Trust
related
$58,000 · First Ne Bank
—
—
Ralph J Kurtz
—
Loan Modification
related
$72,730 · First Ne Bank
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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