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    Property profile & analytics

    516 1st St Ogallala, NE 69153-2621

    • Drive through restaurants
    • 2,323 SF
    • 0.65 lot acres
    OFF-MARKET
    Value Estimation
    $250,000
    Location Intelligence
    Property ID
    US57-1069426
    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

    • Drive through restaurants

    Property Details for 516 1st St

    Year built
    1973
    Construction
    BRICK
    Lot size
    0.65 lot acres
    Property size
    2,323 SF
    Zone code
    03-COMMERCIAL
    Property type
    Drive through restaurants
    APN
    114900
    APU
    114900

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $260,000

    • CAP approach

      CAP return
      Estimation
      6%
      $215,000
      6.5%
      $225,000
      7%
      $225,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $195,000
      Geo Method
      $195,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $190,000
      Retail
      $190,000
      Mixed-Use
      $190,000
      Hospitality
      $220,000
      Educational
      $225,000
      Residential Income
      $220,000
      Energy
      $195,000
      Income-Based Land
      $190,000
      Food Service
      $195,000

    Location Insight

    • Map
    • Local Demand
    City
    Ogallala
    County
    Keith
    State
    Nebraska
    Longitude
    -101.714
    Latitude
    41.125

    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
    $4,458
    $40,600
    $278,855
    $319,455
    -
    $40,600
    $278,855
    $319,455

    Comparable in this City

    • Value Estimation by Request
      4,483 SF

      301 Stagecoach Trl

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,483 SF
      301 Stagecoach Trl, Ogallala, NE 69153-3119
      View Details
    • Value Estimation
      $240,000
      2,000 SF

      620 1st St

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,000 SF
      620 1st St, Ogallala, NE 69153-2717
      View Details
    • Value Estimation
      $335,000
      2,399 SF

      200 Texas Trl Dr

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,399 SF
      200 Texas Trl Dr, Ogallala, NE 69153-3034
      View Details
    • Value Estimation by Request
      4,416 SF

      515 A S St

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,416 SF
      515 A S St, Ogallala, NE 69153-3112
      View Details
    • Value Estimation
      $215,000
      2,458 SF

      12 Spruce St

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,458 SF
      12 Spruce St, Ogallala, NE 69153-2549
      View Details
    • Value Estimation by Request
      2,122 SF

      112 Spruce St

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,122 SF
      112 Spruce St, Ogallala, NE 69153-2551
      View Details

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      10-acre lots near Lake McConaughy, ready for your dream home.
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    Property Visit Statistics

    • Visits by month
      527
    • Visitors by month
      551
    • Avg Time on site
      22 min
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    516 1st St
    Ogallala, NE 69153-2621
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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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