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Property profile & analytics
FOR SALE
Motels
500 East A St South Ogallala, NE 69153
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US57-1030119
For Sale
1 / 37
$3,990,000
500 East A St South, Ogallala, NE 69153
View Listing →
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1983
Construction
BRICK
Total area
34,026 SF
Lot
1.7 ac (74,052 SF)
Zoning code
03-COMMERCIAL
APN
48000200
UPID
US57-1030119
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
$2.85M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.91M
Owner & transaction history
Ogallala Hospitality LLC · 3 yrs held
Ogallala Hospitality LLC
since 2023
Last sale
$2.9M
2 recorded transactions
Zoning & alternative use
03-COMMERCIAL · Ogallala, 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 Ogallala submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ogallala 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
$2,965,000
ML approach
$2,850,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,520,000
Change: 0% · Conversion: Difficult
RESTAURANT
$3,480,000
Change: 0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,860,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$2,695,000
Change: 0% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$2,380,000
Change: 0% · Conversion: Difficult
WAREHOUSE, STORAGE
$2,175,000
Change: 0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,070,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$2.91M
Range $2.62M – $3.20M · ±10% · vs last sale $2.91M (Mar 28 2023)
Last sale anchor
$2.91M
Mar 28 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
$86 / 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
$29,786
Tax year 2023
Assessed value
$2,134,275
Assessed 2023
Previous assessed
$2,100,000
+1.6% YoY
Effective rate
1.40%
On assessed value
Assessed land
$148,500
Assessed improvement
$1,985,775
Land market value
$148,500
Improvement market value
$1,985,775
Total market value
$2,134,275
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
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
For Sale
Year built
1983
Construction
BRICK
Heating
YES
Cooling
YES
Buildings
3
Stories
2
Total area
34,026 SF
Lot
1.7 ac (74,052 SF)
Zoning code
03-COMMERCIAL
APN
48000200
UPID
US57-1030119
Jurisdiction
KEITH
Zoning & alternative use
03-COMMERCIAL · Ogallala, NE
Zoning 03-COMMERCIAL · permitted uses
03-COMMERCIAL · Ogallala, NE
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Ogallala. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$3.5M
RESTAURANT
Est. value
$3.5M
COMMERCIAL (GENERAL)
Est. value
$2.9M
RETAIL STORES
Est. value
$2.7M
INDUSTRIAL (GENERAL)
Est. value
$2.4M
WAREHOUSE, STORAGE
Est. value
$2.2M
AUTO REPAIR, GARAGE
Est. value
$2.1M
OFFICE BUILDING
RESTAURANT
COMMERCIAL (GENERAL)
RETAIL STORES
INDUSTRIAL (GENERAL)
WAREHOUSE, STORAGE
AUTO REPAIR, GARAGE
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
1983
Construction
BRICK
Heating
YES
Cooling
Yes
Stories
2
Buildings
3
Lot
1.7 ac
Current owner
From public records · entity-resolved
Ogallala Hospitality LLC
Entity
Mailing address
2437 S WILDCAT WAY, WOODS CROSS, UT 84010-8292
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 28, 2023
$2,910,000
Ogallala Hospitality LLC
Peterson Lodging INC
Warranty Deed
$2,100,000 · Adams Bank & Trust
Feb 5, 2021
—
Peterson Lodging INC
Ogallala Super 8 Motel INC
Intrafamily Transfer
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?”
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