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Property profile & analytics
OFF-MARKET
Estimated value
$3,295,000
Manufacturing properties
3319 Is Cir Grand Island, NE 68803-5275
Entity Owned
~
Est. High Equity
Property ID
US57-0360960
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2007
Total area
38,880 SF
Lot
6.27 ac (273,121 SF)
Zoning code
04-INDUSTRIAL
APN
400094657
UPID
US57-0360960
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
by Request
CAP Approach
CAP
$3.43M
Comparable Approach
Comparable
$3.17M
Blend (final)
Blend
$3.30M
Owner & transaction history
Island Circle Industries LLC
Island Circle Industries LLC
since 2025
4 recorded transactions
Zoning & alternative use
04-INDUSTRIAL · Grand Island, NE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$4.1M
+97.6%
Restaurant
$3.8M
+86.0%
Apartment house (5+ units)
$3.7M
+78.5%
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
by Request
CAP Approach
CAP Return
Estimation
6%
$3,710,000
6.5%
$3,425,000
7%
$3,180,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,065,000
Current use
RETAIL STORES
$4,075,000
Change: +98% · Conversion: Moderate
RESTAURANT
$3,835,000
Change: +86% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$3,680,000
Change: +78% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,545,000
Change: +72% · Conversion: Easy
WAREHOUSE, STORAGE
$3,240,000
Change: +57% · Conversion: Easy
Blend value · Realmo final
$3.30M
Range $2.97M – $3.62M · ±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
$85 / 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
$88,859
Tax year 2022
Assessed value
$4,890,076
Assessed 2023
Previous assessed
$4,890,076
+0.0% YoY
Effective rate
1.82%
On assessed value
Assessed land
$119,295
Assessed improvement
$4,770,781
Land market value
$119,295
Improvement market value
$4,770,781
Total market value
$4,890,076
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
2007
Heating
PACKAGE
Cooling
YES
Buildings
4
Stories
1
Total area
38,880 SF
Lot
6.27 ac (273,121 SF)
Zoning code
04-INDUSTRIAL
APN
400094657
UPID
US57-0360960
Jurisdiction
HALL
Zoning & alternative use
04-INDUSTRIAL · Grand Island, NEZoning 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
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$2.1M
RETAIL STORES
Est. value
$4.1M
RESTAURANT
Est. value
$3.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.7M
AUTO REPAIR, GARAGE
Est. value
$3.5M
WAREHOUSE, STORAGE
Est. value
$3.2M
INDUSTRIAL (GENERAL) 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
2007
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
4
Lot
6.27 ac
Current owner
From public records · entity-resolved
Island Circle Industries LLC
Entity
Mailing address
PO BOX 188, GRAND ISLAND, NE 68802-0188
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 14, 2025
—
Island Circle Industries LLC
Gmd LLC
Deed
related
—
Nov 5, 2025
$4,700,000
Island Circle LLC
Gmd LLC
Warranty Deed
$3,454,500 · Bruning State Bank
Aug 15, 2024
—
Gmd LLC
Lacy Construction Company
Warranty Deed
$686,439 · Bruning State Bank
—
—
Gmd LLC
—
Loan Modification
related
$3,152,000 · Wells Fargo 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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