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    Property profile & analytics

    503 Main St Albion, NE 68620-1141

    • Turn key restaurants
    • 224 SF
    • 0.06 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US57-0732090
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Shorty's Ice Cream Shoppe / Ice Cream Shop

    Property Details for 503 Main St

    Year built
    1960
    Lot size
    0.06 lot acres
    Property size
    224 SF
    Zone code
    03-COMMERCIAL
    Property type
    Turn key restaurants
    APN
    0004190.00
    APU
    419000

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Albion
    County
    Boone
    State
    Nebraska
    Longitude
    -98.0028
    Latitude
    41.6927

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $159
    $3,660
    $10,755
    $14,415
    -
    $3,660
    $10,755
    $14,415

    Comparable in this City

    • Value Estimation by Request
      1,863 SF

      100 4th St

      RESTAURANT • 1,863 SF
      100 4th St, Albion, NE 68620-1216
      View Details
    • Value Estimation
      $495,000
      3,640 SF

      236 2nd St

      RESTAURANT • 3,640 SF
      236 2nd St, Albion, NE 68620-1204
      View Details
    • Value Estimation
      $200,000
      4,540 SF

      333 1st St

      BAR, TAVERN • 4,540 SF
      333 1st St, Albion, NE 68620-1201
      View Details
    • Value Estimation
      $285,000
      2,028 SF

      128 State St

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,028 SF
      128 State St, Albion, NE 68620-1249
      View Details
    • Value Estimation by Request
      2,070 SF

      437 Main St

      BAR, TAVERN • 2,070 SF
      437 Main St, Albion, NE 68620-1230
      View Details
    • Value Estimation by Request
      2,610 SF

      134 4th St

      BAR, TAVERN • 2,610 SF
      134 4th St, Albion, NE 68620-1216
      View Details
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    503 Main St
    Albion, NE 68620-1141
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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