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Property profile & analytics
OFF-MARKET
Estimated value
$7,595,000
Office buildings
3906 Raynor Pkwy Bellevue, NE 68123-6000
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US57-0162363
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2004
Construction
WOOD FRAME
Total area
36,688 SF
Lot
2.76 ac (120,008 SF)
APN
11576002
UPID
US57-0162363
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
-
Twin Creek Development Construction Company General Contractor
-
OxBow Data Management Systems (Bike/Boat/Book/etc) Store Corporate Office
-
Air Force Officer, Space Force, and Health Professionals Recruiting Military Recruiting Office Human Resource Consulting
-
ATK Aerospace Systems Corporate Office Factory
-
Small Business Lender Bellevue NE Business Broker
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$8.50M
Comparable Approach
Comparable
$9.15M
Blend (final)
Blend
$7.60M
Owner & transaction history
Twin Creek LP · 1 yrs held
Twin Creek LP
since 2024
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$8.8M
+27.2%
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 Bellevue submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bellevue 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%
$9,210,000
6.5%
$8,500,000
7%
$7,895,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$6,955,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$8,845,000
Change: +27% · Conversion: Difficult
Blend value · Realmo final
$7.60M
Range $6.84M – $8.35M · ±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
$207 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$89,726
Tax year 2023
Assessed value
$4,290,000
Assessed 2023
Previous assessed
$4,290,000
+0.0% YoY
Effective rate
2.09%
On assessed value
Assessed land
$600,040
Assessed improvement
$3,689,960
Land market value
$600,040
Improvement market value
$3,689,960
Total market value
$4,290,000
Applied tax rate
10,033.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2004
Construction
WOOD FRAME
Heating
NONE
Stories
3
Total area
36,688 SF
Lot
2.76 ac (120,008 SF)
APN
11576002
UPID
US57-0162363
Jurisdiction
SARPY
Zoning & alternative use
Zoning · permitted uses
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
OFFICE BUILDING Current
Est. value
$7.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$8.8M
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
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
Construction
WOOD FRAME
Heating
NONE
Stories
3
Lot
2.76 ac
Current owner
From public records · entity-resolved
Twin Creek LP
Entity
Mailing address
3906 RAYNOR PKWY STE #300, BELLEVUE, NE 68123-6053
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 20, 2024
—
Twin Creek LP
—
Deed
related
$400,000 · American National Bank & Trust
Jun 9, 2004
—
Twin Creek
—
Grant Deed
related
$3,095,300 · American National Bank & Trust
—
—
Twin Creek LP
—
Deed Of Trust
related
—
—
—
Twin Creek
—
Deed Of Trust
related
$4,000,000 · American National Bank & Trust
—
—
Twin Creek LP
—
Deed Of Trust
related
$4,350,000 · American National 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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