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Property profile & analytics
OFF-MARKET
Estimated value
$1,230,000
Commercial real estate
450 Grant St Blair, NE 68008-2504
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US57-1171819
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2002
Total area
8,000 SF
Lot
2.84 ac (123,667 SF)
Zoning code
03-COMMERCIAL
APN
890040047
UPID
US57-1171819
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
-
Red Hog Express, Inc Auto Repair Shop
-
Bar Diamond Freight Service Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.32M
CAP Approach
CAP
$1.54M
Comparable Approach
Comparable
$833k
Blend (final)
Blend
$1.23M
Owner & transaction history
Bar Diamond Transport LLC · 3 yrs held
Bar Diamond Transport LLC
since 2023
Last sale
$1.2M
6 recorded transactions
Zoning & alternative use
03-COMMERCIAL · Blair, NE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.2M
+50.1%
Retail stores
$795,000
+2.7%
Restaurant
$795,000
+2.3%
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
$1,210,000
ML approach
$1,315,000
CAP Approach
CAP Return
Estimation
6%
$1,665,000
6.5%
$1,535,000
7%
$1,425,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$775,000
Current use
OFFICE BUILDING
$1,165,000
Change: +50% · Conversion: Easy
RETAIL STORES
$795,000
Change: +3% · Conversion: Easy
RESTAURANT
$795,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$1.23M
Range $1.11M – $1.35M · ±10% · vs last sale $1.20M (Apr 7 2023)
Last sale anchor
$1.20M
Apr 7 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
$154 / 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
$7,601
Tax year 2023
Assessed value
$488,040
Assessed 2023
Previous assessed
$472,160
+3.4% YoY
Effective rate
1.56%
On assessed value
Assessed land
$154,585
Assessed improvement
$333,455
Land market value
$154,585
Improvement market value
$333,455
Total market value
$488,040
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
2002
Heating
CENTRAL
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Total area
8,000 SF
Lot
2.84 ac (123,667 SF)
Zoning code
03-COMMERCIAL
APN
890040047
UPID
US57-1171819
Jurisdiction
WASHINGTON
Zoning & alternative use
03-COMMERCIAL · Blair, NE
Zoning 03-COMMERCIAL · permitted uses
03-COMMERCIAL · 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
COMMERCIAL (GENERAL) Current
Est. value
$775,000
OFFICE BUILDING
Est. value
$1.2M
RETAIL STORES
Est. value
$795,000
RESTAURANT
Est. value
$795,000
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
RETAIL STORES
RESTAURANT
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
2002
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
2
Lot
2.84 ac
Current owner
From public records · entity-resolved
Bar Diamond Transport LLC
Entity
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 7, 2023
$1,200,000
Bar Diamond Transport LLC
Red Hog Express INC
Warranty Deed
$1,005,000 · Washington County Bank
Jun 15, 2016
—
Red Hog Express INC
—
Deed
related
$352,040 · Two Rivers Bk
Aug 31, 2012
$353,000
Red Hog Express INC
Barker,david H & Susan Y
Warranty Deed
$352,040 · Two Rivers Bank
—
—
David H Barker
—
Deed Of Trust
related
—
—
—
David Barker
—
Deed Of Trust
related
$298,536 · Two Rivers Bank
—
—
Red Hog Express INC
—
Deed Of Trust
related
$352,040 · Two Rivers Bk
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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