Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,585,000
Motels
420 Broadway St Holdrege, NE 68949-2019
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US57-0821825
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1998
Total area
18,960 SF
Lot
1.21 ac (52,500 SF)
Zoning code
03-COMMERCIAL
APN
001505.00
UPID
US57-0821825
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
$1.63M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.59M
Owner & transaction history
Morpho Hotels And Resorts LLC · 4 yrs held
Morpho Hotels And Resorts LLC
since 2021
Last sale
$1.5M
6 recorded transactions
Zoning & alternative use
03-COMMERCIAL · Holdrege, NE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Holdrege submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Holdrege 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
$1,720,000
ML approach
$1,630,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,220,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$1,550,000
Change: 0% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,425,000
Change: 0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,310,000
Change: 0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,210,000
Change: 0% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$975,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$1.59M
Range $1.43M – $1.74M · ±10% · vs last sale $1.50M (Oct 1 2021)
Last sale anchor
$1.50M
Oct 1 2021
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
$84 / 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
$16,865
Tax year 2023
Assessed value
$1,067,850
Assessed 2023
Previous assessed
$1,067,850
+0.0% YoY
Effective rate
1.58%
On assessed value
Assessed land
$55,125
Assessed improvement
$1,012,725
Land market value
$55,125
Improvement market value
$1,012,725
Total market value
$1,067,850
Applied tax rate
8.0000
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1998
Buildings
2
Stories
2
Total area
18,960 SF
Lot
1.21 ac (52,500 SF)
Zoning code
03-COMMERCIAL
APN
001505.00
UPID
US57-0821825
Jurisdiction
PHELPS
Zoning & alternative use
03-COMMERCIAL · Holdrege, NE
Zoning 03-COMMERCIAL · permitted uses
03-COMMERCIAL · Holdrege, NE
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Holdrege. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$2.2M
RETAIL STORES
Est. value
$1.6M
WAREHOUSE, STORAGE
Est. value
$1.4M
AUTO REPAIR, GARAGE
Est. value
$1.3M
COMMERCIAL (GENERAL)
Est. value
$1.2M
INDUSTRIAL (GENERAL)
Est. value
$975,000
OFFICE BUILDING
RETAIL STORES
WAREHOUSE, STORAGE
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
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
1998
Stories
2
Buildings
2
Lot
1.21 ac
Current owner
From public records · entity-resolved
Morpho Hotels And Resorts LLC
Entity
Mailing address
420 BROADWAY ST, HOLDREGE, NE 68949-2019
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 30, 2025
—
Morpho Hotels And Resorts USA LLC
—
Deed
related
$800,000 · Pinnacle Bank
Oct 1, 2021
$1,500,000
Morpho Hotels And Resorts LLC
Jay Shadhi LLC
Warranty Deed
$1,050,000 · Jay Shachi LLC
Aug 25, 2021
—
Jay Shadhi LLC
—
Deed
related
$45,000 · Pinnacle Bank
Aug 27, 2020
$810,000
Jay Shadhi LLC
R & G Hospitality LLC
Warranty Deed
$500,000 · Pinncacle Bank
Aug 19, 2016
$2,150,000
R & G Hospitality LLC
Gem Maker Hospitality INC
Warranty Deed
—
Nov 3, 2006
$1,900,000
Gem Maker Hospitality INC
Odyssey Investments LLC
Warranty Deed
$770,000 · Heritage 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 420 Broadway 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.
