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Property profile & analytics
OFF-MARKET
Flex space
575 1st St Blair, NE 68008-2514
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US57-1107877
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
2013
Total area
5,200 SF
Lot
2.01 ac (87,556 SF)
Zoning code
03-COMMERCIAL
APN
890022008
UPID
US57-1107877
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
-
Borer Wholesale Pump & Repair Factory Metal Fabrication Plant
-
Jensen Well Company, Inc. Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Epaho Properties LLC · 5 yrs held
Epaho Properties LLC
since 2020
Last sale
$275,000
6 recorded transactions
Zoning & alternative use
03-COMMERCIAL · Blair, NE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Blair submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Blair 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$9,768
Tax year 2023
Assessed value
$627,220
Assessed 2023
Previous assessed
$627,575
-0.1% YoY
Effective rate
1.56%
On assessed value
Assessed land
$56,910
Assessed improvement
$570,310
Land market value
$56,910
Improvement market value
$570,310
Total market value
$627,220
Applied tax rate
208.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
2013
Heating
SPACE
Cooling
YES
Buildings
4
Stories
1
Total area
5,200 SF
Lot
2.01 ac (87,556 SF)
Zoning code
03-COMMERCIAL
APN
890022008
UPID
US57-1107877
Jurisdiction
WASHINGTON
Zoning & alternative use
03-COMMERCIAL · Blair, NE
Zoning 03-COMMERCIAL · permitted uses
03-COMMERCIAL · Blair, NE
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Blair. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2013
Heating
SPACE
Cooling
Yes
Stories
1
Buildings
4
Lot
2.01 ac
Current owner
From public records · entity-resolved
Epaho Properties LLC
Entity
Mailing address
5903 N 163RD ST, OMAHA, NE 68116-3770
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 11, 2021
—
Epaho Properties LLC
—
Deed
related
$419,980 · Washington County Bank
Dec 21, 2020
—
Epaho Properties LLC
Michael M Borer
Warranty Deed
related
—
Jun 13, 2013
—
Michael M Borer
—
Trustees Deed
related
$400,000 · Washington County Bank
Oct 8, 2008
$275,000
Michael M Borer
Marie Gordon Investments LLC
Warranty Deed
$275,000 · Washington County Bank
Jun 15, 2007
$185,000
Marie Gordon Investments LLC
Jipp Edwin T & S E Trust
Warranty Deed
$139,629 · American National Bank & Trust
—
—
Michael M Borer
—
Deed Of Trust
related
$560,000 · Bank Of The West
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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