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Property profile & analytics
OFF-MARKET
Estimated value
$8,060,000
Grocery and convenience stores
5212 3rd Ave, Kearney, NE 68845-2831
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US57-0765426
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2013
Construction
CONCRETE
Total area
90,706 SF
Lot
12.46 ac (542,758 SF)
Zoning code
03-COMMERCIAL
APN
605247836
UPID
US57-0765426
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
-
Hy-Vee Pharmacy
-
ChargePoint Charging Station Electric Vehicle Charging Station
-
Hy-Vee Grocery Store Grocery & Convenience Store Food Market
-
Wahlburgers @ Hy-Vee Restaurant
-
Hy-Vee Wine & Spirits (Bike/Boat/Book/etc) Store Wine and Liquor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$7.64M
Comparable Approach
Comparable
$8.48M
Blend (final)
Blend
$8.06M
Owner & transaction history
Hurd Kearney LLC · 10 yrs held
Hurd Kearney LLC
since 2016
1 recorded transaction
Zoning & alternative use
03-COMMERCIAL · Kearney, NE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$11.4M
+38.0%
Warehouse, storage
$10.8M
+30.4%
Commercial (general)
$9.7M
+17.1%
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 Kearney submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Kearney 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$8,275,000
6.5%
$7,635,000
7%
$7,090,000
Alternative Use
Use
Estimation
RETAIL STORES
$8,280,000
Current use
RESTAURANT
$11,430,000
Change: +38% · Conversion: Easy
WAREHOUSE, STORAGE
$10,795,000
Change: +30% · Conversion: Difficult
COMMERCIAL (GENERAL)
$9,700,000
Change: +17% · Conversion: Easy
OFFICE BUILDING
$7,735,000
Change: -7% · Conversion: Easy
MEDICAL BUILDING
$7,600,000
Change: -8% · Conversion: Difficult
AUTO REPAIR, GARAGE
$7,540,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$8.06M
Range $7.25M – $8.87M · ±10%
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
$89 / 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
$114,974
Tax year 2023
Assessed value
$6,755,510
Assessed 2023
Previous assessed
$6,487,425
+4.1% YoY
Effective rate
1.70%
On assessed value
Assessed land
$2,752,800
Assessed improvement
$4,002,710
Land market value
$2,752,800
Improvement market value
$4,002,710
Total market value
$6,755,510
Applied tax rate
1,000.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2013
Construction
CONCRETE
Heating
YES
Buildings
3
Stories
1
Total area
90,706 SF
Lot
12.46 ac (542,758 SF)
Zoning code
03-COMMERCIAL
APN
605247836
UPID
US57-0765426
Jurisdiction
BUFFALO
Zoning & alternative use
03-COMMERCIAL · Kearney, NE
Zoning 03-COMMERCIAL · permitted uses
03-COMMERCIAL · Kearney, NE
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Kearney. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$8.3M
RESTAURANT
Est. value
$11.4M
WAREHOUSE, STORAGE
Est. value
$10.8M
COMMERCIAL (GENERAL)
Est. value
$9.7M
OFFICE BUILDING
Est. value
$7.7M
MEDICAL BUILDING
Est. value
$7.6M
AUTO REPAIR, GARAGE
Est. value
$7.5M
RETAIL STORES Current
RESTAURANT
WAREHOUSE, STORAGE
COMMERCIAL (GENERAL)
OFFICE BUILDING
MEDICAL BUILDING
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
2013
Construction
CONCRETE
Heating
YES
Stories
1
Buildings
3
Lot
12.46 ac
Current owner
From public records · entity-resolved
Hurd Kearney LLC
Entity
Mailing address
PO BOX 139, GRAND ISLAND, NE 68802-0139
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 26, 2016
—
Hurd Kearney LLC
Hy Vee INC
Special Warranty Deed
$12,220,000 · Bankers Trust Company NA
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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