New search
Property profile & analytics
OFF-MARKET
Estimated value
$660,000
Flex space
414 5th St Blair, NE 68008-0016
Entity Owned
17-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US57-0204530
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
2012
Total area
6,000 SF
Lot
7 ac (304,746 SF)
Zoning code
04-INDUSTRIAL
APN
890087193
UPID
US57-0204530
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
-
KRW Construction Inc. Construction Company
-
Total Truck & Machine Auto Repair Shop
-
DJ'S Repair Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$690k
Blend (final)
Blend
$660k
Owner & transaction history
Marie Gordon Investments LLC · 17 yrs held
Marie Gordon Investments LLC
since 2009
7 recorded transactions
Zoning & alternative use
04-INDUSTRIAL · Blair, NE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$875,000
+99.3%
Retail stores
$600,000
+36.3%
Restaurant
$595,000
+35.8%
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 Blair submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Blair 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$440,000
Current use
OFFICE BUILDING
$875,000
Change: +99% · Conversion: Difficult
RETAIL STORES
$600,000
Change: +36% · Conversion: Moderate
RESTAURANT
$595,000
Change: +36% · Conversion: Difficult
COMMERCIAL (GENERAL)
$580,000
Change: +33% · Conversion: Difficult
AUTO REPAIR, GARAGE
$405,000
Change: -8% · Conversion: Easy
Blend value · Realmo final
$660k
Range $594k – $726k · ±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
$110 / 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
$13,350
Tax year 2023
Assessed value
$857,190
Assessed 2023
Previous assessed
$823,445
+4.1% YoY
Effective rate
1.56%
On assessed value
Assessed land
$148,565
Assessed improvement
$708,625
Land market value
$148,565
Improvement market value
$708,625
Total market value
$857,190
Applied tax rate
208.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
2012
Heating
RADIANT
Cooling
YES
Buildings
5
Stories
1
Total area
6,000 SF
Lot
7 ac (304,746 SF)
Zoning code
04-INDUSTRIAL
APN
890087193
UPID
US57-0204530
Jurisdiction
WASHINGTON
Zoning & alternative use
04-INDUSTRIAL · Blair, NE
Zoning 04-INDUSTRIAL · permitted uses
04-INDUSTRIAL · Blair, NE
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Blair. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$440,000
OFFICE BUILDING
Est. value
$875,000
RETAIL STORES
Est. value
$600,000
RESTAURANT
Est. value
$595,000
COMMERCIAL (GENERAL)
Est. value
$580,000
AUTO REPAIR, GARAGE
Est. value
$405,000
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
RETAIL STORES
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
2012
Heating
RADIANT
Cooling
Yes
Stories
1
Buildings
5
Lot
7 ac
Current owner
From public records · entity-resolved
Marie Gordon Investments LLC
Entity
Mailing address
452 S 10TH ST, BLAIR, NE 68008-2178
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 29, 2025
—
Marie Gordon Investments LLC
—
Deed
related
$4,650,000 · Washington County Bank
Feb 11, 2025
—
Marle Gordon Investments LLC
—
Deed
related
$2,425,000 · Security National Bank Of Omaha
Dec 15, 2022
—
Marle Gordon Investments LLC
—
Deed
related
$261,316 · Security National Bank Of Omaha
May 22, 2012
—
Marie Gordon Investments LLC
—
Trustees Deed
related
$485,000 · Great Western Bank
Apr 8, 2009
—
Marie Gordon Investments LLC
Marie Gordon Investments LLC
Quit Claim Deed
—
Dec 23, 2008
—
Marie Gordon Investments LLC
—
Trustees Deed
related
$222,178 · American National Bank & Trust
Oct 16, 2008
$100,000
Blair Abstract & Title Co
Madami LLC
Warranty Deed
—
—
—
Marie Gordon Investments LLC
—
Deed Of Trust
related
$672,000 · Great Western Bank
—
—
Marie Gordon Investments LLC
—
Deed Of Trust
related
$20,000 · American National Bank & Trust
—
—
Marie Gordon Investments LLC
—
Deed Of Trust
related
$220,430 · Great Western Bank
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 414 5th St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
