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Property profile & analytics
OFF-MARKET
Estimated value
$550,000
Commercial real estate
5620 Cornhusker Hwy Lincoln, NE 68507-3106
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US57-0244212
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1960
Total area
3,467 SF
Lot
0.52 ac (22,732 SF)
Zoning code
H3
APN
17-04-300-014-000
UPID
US57-0244212
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
-
South O Roofing, Inc Roofing Company General Contractor
-
Primax Auctions Discount Store Clothing & Fashion Store
-
Properties For You Real Estate Agency
-
L&M Enterprises Arcade & Gaming Center (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$615k
CAP Approach
CAP
$650k
Comparable Approach
Comparable
$477k
Blend (final)
Blend
$550k
Owner & transaction history
South O Roofing INC · 2 yrs held
South O Roofing INC
since 2023
Last sale
$535,000
7 recorded transactions
Zoning & alternative use
H3 · Lincoln, NE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$735,000
+102.4%
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 Lincoln submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lincoln 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
$650,000
ML approach
$615,000
CAP Approach
CAP Return
Estimation
6%
$700,000
6.5%
$650,000
7%
$600,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$365,000
Current use
RETAIL STORES
$735,000
Change: +102% · Conversion: Easy
Blend value · Realmo final
$550k
Range $495k – $605k · ±10% · vs last sale $535k (Sep 27 2023)
Last sale anchor
$535k
Sep 27 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
$159 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$9,319
Tax year 2024
Assessed value
$521,400
Assessed 2024
Previous assessed
$384,700
+35.5% YoY
Effective rate
1.79%
On assessed value
Assessed land
$147,800
Assessed improvement
$373,600
Land market value
$147,800
Improvement market value
$373,600
Total market value
$521,400
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
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1960
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
3,467 SF
Lot
0.52 ac (22,732 SF)
Zoning code
H3
APN
17-04-300-014-000
UPID
US57-0244212
Jurisdiction
LANCASTER
Zoning & alternative use
H3 · Lincoln, NE
Zoning H3 · permitted uses
H3 · Lincoln, NE
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lincoln. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$365,000
RETAIL STORES
Est. value
$735,000
COMMERCIAL (GENERAL) Current
RETAIL STORES
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
1960
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
0.52 ac
Current owner
From public records · entity-resolved
South O Roofing INC
Entity
Mailing address
8045 L ST, OMAHA, NE 68127-1745
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 27, 2023
$535,000
South O Roofing INC
Properties For You LLC
Warranty Deed
—
Oct 16, 2017
$300,000
Properties For You LLC
Adams Bk & Trust
Warranty Deed
$240,000 · Adams Bk&tr
Mar 21, 2016
—
Adams Bk & Trust
Sipes Properties LLC
Deed In Lieu Of Foreclosure
related
—
Dec 13, 2006
$160,000
Sipes Properties LLC
Strauch,vernon W & Elaine L
Warranty Deed
$1,110,000 · Cornhusker Bank
Nov 10, 2004
—
Elaine L Strauch
Strauch,vernon W
Quit Claim Deed
related
—
—
—
Sipes Properties LLC
—
Deed Of Trust
related
$435,000 · Adams Bank & Trust
—
—
Jfk INC
—
Deed Of Trust
related
$877,495 · West Gate Bank
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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