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Property profile & analytics
OFF-MARKET
Estimated value
$1,225,000
Commercial real estate
41750 Hwy 2nd 2, Ravenna, NE 68869-3278
Entity Owned
2-yr Hold
Free & Clear
Property ID
US57-0583147
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2007
Construction
STEEL FRAME
Total area
8,154 SF
Lot
1.01 ac (43,996 SF)
Zoning code
03-COMMERCIAL
APN
60070020
UPID
US57-0583147
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
$1.30M
Comparable Approach
Comparable
$1.15M
Blend (final)
Blend
$1.23M
Owner & transaction history
Ravenna Storage LLC · 2 yrs held
Ravenna Storage LLC
since 2024
2 recorded transactions
Zoning & alternative use
03-COMMERCIAL · Ravenna, NE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.0M
+16.6%
Office building
$1.0M
+15.6%
Medical building
$880,000
+0.7%
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 Ravenna submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ravenna 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%
$1,405,000
6.5%
$1,300,000
7%
$1,205,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$875,000
Current use
RESTAURANT
$1,020,000
Change: +17% · Conversion: Difficult
OFFICE BUILDING
$1,010,000
Change: +16% · Conversion: Easy
MEDICAL BUILDING
$880,000
Change: +1% · Conversion: Easy
RETAIL STORES
$770,000
Change: -12% · Conversion: Easy
Blend value · Realmo final
$1.23M
Range $1.10M – $1.35M · ±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
$150 / 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
$4,279
Tax year 2023
Assessed value
$391,200
Assessed 2023
Previous assessed
$360,245
+8.6% YoY
Effective rate
1.09%
On assessed value
Assessed land
$28,070
Assessed improvement
$363,130
Land market value
$28,070
Improvement market value
$363,130
Total market value
$391,200
Applied tax rate
255.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
2007
Construction
STEEL FRAME
Heating
YES
Buildings
2
Stories
1
Total area
8,154 SF
Lot
1.01 ac (43,996 SF)
Zoning code
03-COMMERCIAL
APN
60070020
UPID
US57-0583147
Jurisdiction
BUFFALO
Zoning & alternative use
03-COMMERCIAL · Ravenna, NE
Zoning 03-COMMERCIAL · permitted uses
03-COMMERCIAL · Ravenna, NE
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Ravenna. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$875,000
RESTAURANT
Est. value
$1.0M
OFFICE BUILDING
Est. value
$1.0M
MEDICAL BUILDING
Est. value
$880,000
RETAIL STORES
Est. value
$770,000
COMMERCIAL (GENERAL) Current
RESTAURANT
OFFICE BUILDING
MEDICAL BUILDING
RETAIL STORES
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
2007
Construction
STEEL FRAME
Heating
YES
Stories
1
Buildings
2
Lot
1.01 ac
Current owner
From public records · entity-resolved
Ravenna Storage LLC
Entity
Free & Clear · 2 yrs held
Mailing address
408 VERONA AVE, RAVENNA, NE 68869-1240
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 2, 2024
—
Ravenna Storage LLC
Fred Matejka
Warranty Deed
—
Nov 18, 2011
—
Fred Matejk
Farmers Cooperative Association
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.
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