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Property profile & analytics
OFF-MARKET
Estimated value
$4,670,000
Residential income homes
3763 Capital Ave Grand Island, NE 68803-1207
Entity Owned
8-yr Hold
Absentee Owner
Property ID
US57-0438844
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
2016
Total area
39,577 SF
Lot
2.51 ac (109,336 SF)
Zoning code
03-COMMERCIAL
APN
400149900
UPID
US57-0438844
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
$4.61M
Comparable Approach
Comparable
$4.73M
Blend (final)
Blend
$4.67M
Owner & transaction history
Sb Communities LLC · 8 yrs held
Sb Communities LLC
since 2018
3 recorded transactions
Zoning & alternative use
03-COMMERCIAL · Grand Island, NE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$6.6M
+75.4%
Office building
$6.5M
+72.3%
Retail stores
$4.2M
+10.7%
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%
$4,990,000
6.5%
$4,605,000
7%
$4,275,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$3,750,000
Current use
COMMERCIAL (GENERAL)
$6,570,000
Change: +75% · Conversion: Moderate
OFFICE BUILDING
$6,460,000
Change: +72% · Conversion: Moderate
RETAIL STORES
$4,150,000
Change: +11% · Conversion: Difficult
RESTAURANT
$3,905,000
Change: +4% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,610,000
Change: -4% · Conversion: Difficult
WAREHOUSE, STORAGE
$3,300,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$4.67M
Range $4.20M – $5.14M · ±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
$118 / 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
$94,742
Tax year 2022
Assessed value
$5,213,828
Assessed 2023
Previous assessed
$5,213,828
+0.0% YoY
Effective rate
1.82%
On assessed value
Assessed land
$262,343
Assessed improvement
$4,951,485
Land market value
$262,343
Improvement market value
$4,951,485
Total market value
$5,213,828
Applied tax rate
40.0000
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
2016
Heating
NONE
Stories
3
Units
1
Total area
39,577 SF
Lot
2.51 ac (109,336 SF)
Zoning code
03-COMMERCIAL
APN
400149900
UPID
US57-0438844
Jurisdiction
HALL
Zoning & alternative use
03-COMMERCIAL · Grand Island, NEZoning 03-COMMERCIAL · permitted uses
03-COMMERCIAL · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$3.8M
COMMERCIAL (GENERAL)
Est. value
$6.6M
OFFICE BUILDING
Est. value
$6.5M
RETAIL STORES
Est. value
$4.2M
RESTAURANT
Est. value
$3.9M
AUTO REPAIR, GARAGE
Est. value
$3.6M
WAREHOUSE, STORAGE
Est. value
$3.3M
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
RETAIL STORES
RESTAURANT
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
2016
Heating
NONE
Stories
3
Units
1
Lot
2.51 ac
Current owner
From public records · entity-resolved
Sb Communities LLC
Entity
Mailing address
3555 FARNAM ST STE #1000, OMAHA, NE 68131-3302
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 22, 2018
$141,000
Sb Communities LLC
Ts12 LLC
Warranty Deed
—
Aug 25, 2016
—
Ts12 Phase II LLC
—
Trustees Deed
related
$5,137,500 · Access Bk
Apr 29, 2015
—
Ts12 Phase II LLC
Sb Communities LLC
Quit Claim Deed
related
$164,000 · Pinnacle Bk
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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