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Property profile & analytics
OFF-MARKET
Estimated value
$750,000
Banks
3311 Stolley Park Rd, Grand Island, NE 68803-5602
Entity Owned
Absentee Owner
Free & Clear
Property ID
US57-0307218
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
2004
Total area
8,208 SF
Lot
2.08 ac (90,722 SF)
Zoning code
04-INDUSTRIAL
APN
400061090
UPID
US57-0307218
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
-
Home Federal Bank Bank Loan Service
-
H Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$600k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$899k
Blend (final)
Blend
$750k
Owner & transaction history
HOME FEDERAL SAVINGS & LOAN
HOME FEDERAL SAVINGS & LOAN
Zoning & alternative use
04-INDUSTRIAL · Grand Island, NE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$860,000
+26.2%
Restaurant
$810,000
+18.8%
Apartment house (5+ units)
$775,000
+14.0%
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
by Request
ML approach
$600,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FINANCIAL BUILDING
$680,000
Current use
RETAIL STORES
$860,000
Change: +26% · Conversion: Difficult
RESTAURANT
$810,000
Change: +19% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$775,000
Change: +14% · Conversion: Difficult
AUTO REPAIR, GARAGE
$750,000
Change: +10% · Conversion: Difficult
WAREHOUSE, STORAGE
$685,000
Change: +0% · Conversion: Difficult
Blend value · Realmo final
$750k
Range $675k – $825k · ±10%
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
$91 / 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
$42,838
Tax year 2022
Assessed value
$2,357,466
Assessed 2023
Previous assessed
$2,357,466
+0.0% YoY
Effective rate
1.82%
On assessed value
Assessed land
$93,631
Assessed improvement
$2,263,835
Land market value
$93,631
Improvement market value
$2,263,835
Total market value
$2,357,466
Applied tax rate
7.0000
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
2004
Heating
ZONE
Cooling
REFRIGERATOR
Stories
1
Total area
8,208 SF
Lot
2.08 ac (90,722 SF)
Zoning code
04-INDUSTRIAL
APN
400061090
UPID
US57-0307218
Jurisdiction
HALL
Zoning & alternative use
04-INDUSTRIAL · Grand Island, NE
Zoning 04-INDUSTRIAL · permitted uses
04-INDUSTRIAL · 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
FINANCIAL BUILDING Current
Est. value
$680,000
RETAIL STORES
Est. value
$860,000
RESTAURANT
Est. value
$810,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$775,000
AUTO REPAIR, GARAGE
Est. value
$750,000
WAREHOUSE, STORAGE
Est. value
$685,000
FINANCIAL BUILDING Current
RETAIL STORES
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
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
2004
Heating
ZONE
Cooling
Yes
Stories
1
Lot
2.08 ac
Current owner
From public records · entity-resolved
HOME FEDERAL SAVINGS & LOAN
Individual
Free & Clear · 0 yrs held
Mailing address
221 S LOCUST ST, GRAND ISLAND, NE 68801-6040
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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