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Property profile & analytics
OFF-MARKET
Estimated value
$1,415,000
Motels
3919 23rd St Columbus, NE 68601-2917
Entity Owned
6-yr Hold
Free & Clear
Property ID
US57-0751652
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1999
Total area
18,408 SF
Lot
1 ac (43,560 SF)
Zoning code
03-COMMERCIAL
APN
710129216
UPID
US57-0751652
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
-
Victorian Inn Hotel & Motel
-
Victorian Inn Columbus Hotel & Motel
-
Platte Valley Inn Hotel & Motel
-
Micek's Bar, Columbus, NE Bar & Pub Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.57M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.42M
Owner & transaction history
Jproperties LLC · 6 yrs held
Jproperties LLC
since 2020
Last sale
$1.3M
2 recorded transactions
Zoning & alternative use
03-COMMERCIAL · Columbus, NE
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 Columbus submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Columbus 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
$1,560,000
ML approach
$1,570,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$2,100,000
Change: 0% · Conversion: Difficult
OFFICE BUILDING
$1,840,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$1,600,000
Change: 0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,360,000
Change: 0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,325,000
Change: 0% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,130,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$1.42M
Range $1.27M – $1.56M · ±10% · vs last sale $1.27M (Jul 1 2020)
Last sale anchor
$1.27M
Jul 1 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
$77 / 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
$18,573
Tax year 2023
Assessed value
$1,084,050
Assessed 2023
Previous assessed
$689,850
+57.1% YoY
Effective rate
1.71%
On assessed value
Assessed land
$189,425
Assessed improvement
$894,625
Land market value
$189,425
Improvement market value
$894,625
Total market value
$1,084,050
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1999
Stories
2
Total area
18,408 SF
Lot
1 ac (43,560 SF)
Zoning code
03-COMMERCIAL
APN
710129216
UPID
US57-0751652
Jurisdiction
PLATTE
Zoning & alternative use
03-COMMERCIAL · Columbus, NEZoning 03-COMMERCIAL · permitted uses
03-COMMERCIAL · Columbus, NE
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Land Development Ordinance
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$2.1M
OFFICE BUILDING
Est. value
$1.8M
RETAIL STORES
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$1.4M
COMMERCIAL (GENERAL)
Est. value
$1.3M
WAREHOUSE, STORAGE
Est. value
$1.1M
RESTAURANT
OFFICE BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
1999
Stories
2
Lot
1 ac
Current owner
From public records · entity-resolved
Jproperties LLC
Entity
Free & Clear · 6 yrs held
Mailing address
3919 23RD ST, COLUMBUS, NE 68601-2917
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 1, 2020
$1,269,000
Jproperties LLC
Victorian Lodging LLC
Warranty Deed
—
Jan 28, 2007
—
Gmk LLC
Victorian Inn LLC
Warranty Deed
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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