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    Property profile & analytics

    506 Locust Ave Plainview, NE 68769

    • Office buildings
    • 1,380 SF
    • 0.06 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US57-0577031
    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

    • Robert J Arlt Insurance / Insurance Agency

    Property Details for 506 Locust Ave

    Year built
    1900
    Lot size
    0.06 lot acres
    Property size
    1,380 SF
    Zone code
    03-COMMERCIAL
    Property type
    Office buildings
    APN
    700009506
    APU
    700009506

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Plainview
    County
    Pierce
    State
    Nebraska
    Longitude
    -97.7942
    Latitude
    42.3493
    CBSA code
    35740
    CBSA name
    NORFOLK, NE MICROPOLITAN STATISTICAL AREA

    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
    $347
    $1,750
    $21,110
    $22,860
    -
    $1,750
    $21,110
    $22,860

    Comparable in this City

    • Value Estimation
      $510,000
      1,950 SF

      53562 Hwy 20

      OFFICE BUILDING • 1,950 SF
      53562 Hwy 20, Plainview, NE 68769-2534
      View Details
    • Value Estimation
      $50,000
      1,325 SF

      412 Locust Ave

      OFFICE BUILDING • 1,325 SF
      412 Locust Ave, Plainview, NE 68769-4118
      View Details
    • Value Estimation
      $80,000
      1,896 SF

      317 Locust Ave

      OFFICE BUILDING • 1,896 SF
      317 Locust Ave, Plainview, NE 68769-4117
      View Details
    • Value Estimation by Request
      1,189 SF

      415 Locust Ave

      OFFICE BUILDING • 1,189 SF
      415 Locust Ave, Plainview, NE 68769-4118
      View Details
    • Value Estimation by Request
      576 SF

      513 Locust Ave

      OFFICE BUILDING • 576 SF
      513 Locust Ave, Plainview, NE 68769
      View Details
    • Value Estimation by Request
      1,127 SF

      516 Locust Ave

      MEDICAL BUILDING • 1,127 SF
      516 Locust Ave, Plainview, NE 68769-4119
      View Details
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    506 Locust Ave
    Plainview, NE 68769
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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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