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Property profile & analytics
OFF-MARKET
Estimated value
$3,045,000
Hotels
4221 Industrial Ave Lincoln, NE 68504-1118
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US57-0324863
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1994
Total area
29,688 SF
Lot
0.97 ac (42,252 SF)
Zoning code
I1
APN
17-07-105-002-000
UPID
US57-0324863
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
-
Fairfield Inn & Suites Lincoln Hotel & Motel
-
4221 Industrial Avenue Parking Parking Lot & Garage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.26M
CAP Approach
CAP
$2.29M
Comparable Approach
Comparable
$2.62M
Blend (final)
Blend
$3.05M
Owner & transaction history
Jai Hanuman Properties LLC · 2 yrs held
Jai Hanuman Properties LLC
since 2023
Last sale
$3.0M
7 recorded transactions
Zoning & alternative use
I1 · Lincoln, NE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.4M
+28.7%
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 Lincoln submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lincoln 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
$3,340,000
ML approach
$3,260,000
CAP Approach
CAP Return
Estimation
6%
$2,480,000
6.5%
$2,290,000
7%
$2,125,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$2,635,000
Current use
COMMERCIAL (GENERAL)
$3,390,000
Change: +29% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$2,380,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$3.05M
Range $2.74M – $3.35M · ±10% · vs last sale $3.00M (Nov 1 2023)
Last sale anchor
$3.00M
Nov 1 2023
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
$103 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$38,441
Tax year 2024
Assessed value
$2,150,800
Assessed 2024
Previous assessed
$2,325,200
-7.5% YoY
Effective rate
1.79%
On assessed value
Assessed land
$179,600
Assessed improvement
$1,971,200
Land market value
$179,600
Improvement market value
$1,971,200
Total market value
$2,150,800
Applied tax rate
1.0000
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
1994
Heating
HEAT PUMP
Cooling
YES
Stories
1
Units
60
Total area
29,688 SF
Lot
0.97 ac (42,252 SF)
Zoning code
I1
APN
17-07-105-002-000
UPID
US57-0324863
Jurisdiction
LANCASTER
Zoning & alternative use
I1 · Lincoln, NE
Zoning I1 · permitted uses
I1 · Lincoln, NE
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lincoln. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$2.6M
COMMERCIAL (GENERAL)
Est. value
$3.4M
INDUSTRIAL (GENERAL)
Est. value
$2.4M
HOTEL/MOTEL Current
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
1994
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Units
60
Lot
0.97 ac
Current owner
From public records · entity-resolved
Jai Hanuman Properties LLC
Entity
Mailing address
4221 INDUSTRIAL AVE, LINCOLN, NE 68504-1118
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 11, 2026
—
Jai Hanuman Properties LLC
—
Deed
related
$1,050,000 · Shore Bank
Nov 1, 2023
$3,001,000
Jai Hanuman Properties LLC
Diya Lincoln Hotels LLC
Special Warranty Deed
$2,480,000 · Home Loan And Investment Bank Fsb
Feb 24, 2023
$1,645,000
Diya Lincoln Hotels LLC
Midwest Heritage Inn Of Lincoln L P
Special Warranty Deed
$1,791,000 · Community National Bank & Trust
Sep 25, 2017
—
Cs Heritage Inn Of Lincoln LP
—
Grant Deed
related
$800,000,000 · Goldman-sachs Mtg
Jan 19, 1998
—
Midwest Heritage Inn Lincoln
—
Deed Of Trust
related
$93,538,000 · Goldman Sachs Mortgage Co
—
—
Midwest Heritage Inn Of Lincoln I
—
Deed Of Trust
related
$13,875,000 · Arvest Bank
—
—
Midwest Heritage Inn Of Lincoln L|midwest Heritage
—
Deed Of Trust
related
$580,000,000 · Bank Of America
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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