Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$595,000
Medical Office Space
418 Webb Rd Grand Island, NE 68803-4045
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US57-0270424
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2014
Total area
5,712 SF
Lot
1.91 ac (83,200 SF)
Zoning code
03-COMMERCIAL
APN
400150107
UPID
US57-0270424
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
-
Sheila Williams Physician
-
Brent Keenportz Physician
-
Corey Susan H MD Physician Medical Clinic
-
Jennifer Alberts Physician Medical Clinic
-
Mr. Christopher Linke Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$580k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$615k
Blend (final)
Blend
$595k
Owner & transaction history
Sja LLC · 11 yrs held
Sja LLC
since 2015
3 recorded transactions
Zoning & alternative use
03-COMMERCIAL · Grand Island, NE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$950,000
+135.1%
Office building
$930,000
+131.0%
Retail stores
$600,000
+48.4%
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 Grand Island submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Grand Island 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
$580,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$405,000
Current use
COMMERCIAL (GENERAL)
$950,000
Change: +135% · Conversion: Easy
OFFICE BUILDING
$930,000
Change: +131% · Conversion: Easy
RETAIL STORES
$600,000
Change: +48% · Conversion: Difficult
RESTAURANT
$565,000
Change: +40% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$540,000
Change: +34% · Conversion: Moderate
AUTO REPAIR, GARAGE
$520,000
Change: +29% · Conversion: Difficult
WAREHOUSE, STORAGE
$475,000
Change: +18% · Conversion: Difficult
Blend value · Realmo final
$595k
Range $536k – $655k · ±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
$104 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$54,511
Tax year 2022
Assessed value
$2,999,828
Assessed 2023
Previous assessed
$2,999,828
+0.0% YoY
Effective rate
1.82%
On assessed value
Assessed land
$525,745
Assessed improvement
$2,474,083
Land market value
$525,745
Improvement market value
$2,474,083
Total market value
$2,999,828
Applied tax rate
7.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2014
Heating
ZONE
Cooling
CENTRAL
Buildings
3
Stories
1
Bathrooms
1
Total area
5,712 SF
Lot
1.91 ac (83,200 SF)
Zoning code
03-COMMERCIAL
APN
400150107
UPID
US57-0270424
Jurisdiction
HALL
Zoning & alternative use
03-COMMERCIAL · Grand Island, NE
Zoning 03-COMMERCIAL · permitted uses
03-COMMERCIAL · Grand Island, NE
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Grand Island. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$405,000
COMMERCIAL (GENERAL)
Est. value
$950,000
OFFICE BUILDING
Est. value
$930,000
RETAIL STORES
Est. value
$600,000
RESTAURANT
Est. value
$565,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$540,000
AUTO REPAIR, GARAGE
Est. value
$520,000
WAREHOUSE, STORAGE
Est. value
$475,000
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
RETAIL STORES
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
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
2014
Heating
ZONE
Cooling
Yes
Stories
1
Buildings
3
Bathrooms
1
Lot
1.91 ac
Current owner
From public records · entity-resolved
Sja LLC
Entity
Mailing address
418 N WEBB RD, GRAND ISLAND, NE 68803-4045
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 2, 2015
$2,734,000
Sja LLC
Mid Plains Construction Co
Warranty Deed
$1,850,011 · Five Points Bk
Aug 8, 2007
—
Arthur W Stange
Stange,arthur W
Quit Claim Deed
related
—
Jul 13, 2007
—
Arthur W Stange
Stange,blanche E
Quit Claim Deed
related
—
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 418 Webb Rd?
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.
