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    Property profile & analytics

    409 Nebraska Ave Arapahoe, NE 68922-2762

    • Office buildings
    • 1,848 SF
    • 0.08 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US57-0982194
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Dr. Jason Seim / Optometrist / Practitioner Service Location
    • Arapahoe Vision Clinic / Eye Care Center

    Property Details for 409 Nebraska Ave

    Year built
    1910
    Construction
    BRICK
    Lot size
    0.08 lot acres
    Property size
    1,848 SF
    Zone code
    03-COMMERCIAL
    Property type
    Office buildings
    APN
    0005108.00
    APU
    510800

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Arapahoe
    County
    Furnas
    State
    Nebraska
    Longitude
    -99.8981
    Latitude
    40.3027

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $872
    $1,400
    $47,590
    $48,990
    -
    $1,400
    $47,590
    $48,990

    Comparable in this City

    • Value Estimation by Request
      2,121 SF

      515 Nebraska Ave

      OFFICE BUILDING • 2,121 SF
      515 Nebraska Ave, Arapahoe, NE 68922-2832
      View Details
    • Value Estimation by Request
      1,243 SF

      609 Locust St

      OFFICE BUILDING • 1,243 SF
      609 Locust St, Arapahoe, NE 68922
      View Details
    • Value Estimation by Request
      912 SF

      702 Nebraska Ave

      OFFICE BUILDING • 912 SF
      702 Nebraska Ave, Arapahoe, NE 68922-2725
      View Details
    • Value Estimation by Request
      1,188 SF

      705 6th St

      OFFICE BUILDING • 1,188 SF
      705 6th St, Arapahoe, NE 68922-2769
      View Details
    • Value Estimation by Request
      1,200 SF

      514 Nebraska Ave

      OFFICE BUILDING • 1,200 SF
      514 Nebraska Ave, Arapahoe, NE 68922-2832
      View Details
    • Value Estimation by Request
      800 SF

      411 Nebraska Ave

      OFFICE BUILDING • 800 SF
      411 Nebraska Ave, Arapahoe, NE 68922
      View Details
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    409 Nebraska Ave
    Arapahoe, NE 68922-2762
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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