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Property profile & analytics
OFF-MARKET
Estimated value
$575,000
Flex space
439 Grant St Blair, NE 68008-2546
Entity Owned
19-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US57-0302392
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
2022
Total area
5,000 SF
Lot
0.8 ac (34,848 SF)
Zoning code
04-INDUSTRIAL
APN
890041601
UPID
US57-0302392
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
-
Complete Controls Services, LLC Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$575k
Blend (final)
Blend
$575k
Owner & transaction history
Jpr Investments III · 19 yrs held
Jpr Investments III
since 2006
2 recorded transactions
Zoning & alternative use
04-INDUSTRIAL · Blair, NE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$730,000
+99.3%
Retail stores
$500,000
+36.3%
Restaurant
$495,000
+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)
$365,000
Current use
OFFICE BUILDING
$730,000
Change: +99% · Conversion: Difficult
RETAIL STORES
$500,000
Change: +36% · Conversion: Moderate
RESTAURANT
$495,000
Change: +36% · Conversion: Difficult
COMMERCIAL (GENERAL)
$485,000
Change: +33% · Conversion: Difficult
Blend value · Realmo final
$575k
Range $518k – $633k · ±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
$115 / 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
$9,018
Tax year 2023
Assessed value
$579,060
Assessed 2023
Previous assessed
$425,235
+36.2% YoY
Effective rate
1.56%
On assessed value
Assessed land
$64,850
Assessed improvement
$514,210
Land market value
$64,850
Improvement market value
$514,210
Total market value
$579,060
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
2022
Heating
PACKAGE
Cooling
YES
Buildings
2
Stories
1
Total area
5,000 SF
Lot
0.8 ac (34,848 SF)
Zoning code
04-INDUSTRIAL
APN
890041601
UPID
US57-0302392
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
$365,000
OFFICE BUILDING
Est. value
$730,000
RETAIL STORES
Est. value
$500,000
RESTAURANT
Est. value
$495,000
COMMERCIAL (GENERAL)
Est. value
$485,000
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
RETAIL STORES
RESTAURANT
COMMERCIAL (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
2022
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
2
Lot
0.8 ac
Current owner
From public records · entity-resolved
Jpr Investments III
Entity
Mailing address
1603 FARNAM ST, OMAHA, NE 68102-2101
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2006
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
Nov 20, 2006
$8,000
Jpr Investments III
Kelly Ryan Equipment
Warranty Deed
—
—
—
Investments Jpr III
—
Deed Of Trust
related
$287,263 · Mutual Of Omaha 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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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