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Property profile & analytics
OFF-MARKET
Estimated value
$2,325,000
Hotels
3400 12th St Lincoln, NE 68521-3615
Trust Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US57-0179408
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1994
Total area
27,660 SF
Lot
2.45 ac (106,591 SF)
Zoning code
H3
APN
11-10-302-012-000
UPID
US57-0179408
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
-
5 Starz Hotel Hotel & Motel
-
OYO Hotel Lincoln Airport NE, Hwy 80 Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.77M
CAP Approach
CAP
$2.14M
Comparable Approach
Comparable
$2.52M
Blend (final)
Blend
$2.33M
Owner & transaction history
3400 Nw 12th St Trust · 6 yrs held
3400 Nw 12th St Trust
since 2020
Last sale
$1.9M
7 recorded transactions
Zoning & alternative use
H3 · Lincoln, NE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.6M
+47.3%
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 Lincoln submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lincoln 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
$2,745,000
ML approach
$2,765,000
CAP Approach
CAP Return
Estimation
6%
$2,310,000
6.5%
$2,135,000
7%
$1,980,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$2,455,000
Current use
COMMERCIAL (GENERAL)
$3,615,000
Change: +47% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$2,220,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$2.33M
Range $2.09M – $2.56M · ±10% · vs last sale $1.90M (May 27 2020)
Last sale anchor
$1.90M
May 27 2020
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
$84 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$38,137
Tax year 2024
Assessed value
$2,133,800
Assessed 2024
Previous assessed
$2,167,100
-1.5% YoY
Effective rate
1.79%
On assessed value
Assessed land
$852,700
Assessed improvement
$1,281,100
Land market value
$852,700
Improvement market value
$1,281,100
Total market value
$2,133,800
Applied tax rate
1.0000
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
1994
Heating
HEAT PUMP
Cooling
YES
Stories
1
Units
79
Total area
27,660 SF
Lot
2.45 ac (106,591 SF)
Zoning code
H3
APN
11-10-302-012-000
UPID
US57-0179408
Jurisdiction
LANCASTER
Zoning & alternative use
H3 · Lincoln, NE
Zoning H3 · permitted uses
H3 · Lincoln, NE
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lincoln. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$2.5M
COMMERCIAL (GENERAL)
Est. value
$3.6M
INDUSTRIAL (GENERAL)
Est. value
$2.2M
HOTEL/MOTEL Current
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
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
1994
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Units
79
Lot
2.45 ac
Current owner
From public records · entity-resolved
3400 Nw 12th St Trust
Trust
Mailing address
12121 WILSHIRE BLVD #535, LOS ANGELES, CA 90025-1123
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
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
Aug 13, 2020
—
3400 Nw 12th St Trust
—
Deed Of Trust
related
$460,000 · Plasco Holdings LLC
May 27, 2020
$1,900,000
3400 Nw 12th St Trust
Lotus Motel INC
Grant Deed
$1,020,000 · Lotus Motel INC
Jun 7, 2000
$87,000
Pair-a-dice Partnership
Oconnor Properties LLC
Grant Deed
$2,270,000 · United Nebraska Bank
Mar 18, 1998
$1,800,000
Oconnor Properties LLC
Petrolsib
Trustees Deed
$1,800,000 · National Bank Commerce Tr & Sa
—
—
Oconnor Properties LLC
—
Deed Of Trust
related
$150,000 · National Bank Commerce Tr & Sa
—
—
Oconnor Properties LLC
—
Deed Of Trust
related
$100,000 · H & K Inn INC
—
—
Pair-a-dice Ptshp
—
Deed Of Trust
related
$1,952,842 · Adams Bank & Trust
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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