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Property profile & analytics
OFF-MARKET
Estimated value
$9,645,000
Outlet malls
601 Galvin S Rd Bellevue, NE 68005-2249
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US57-0215509
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1984
Construction
CONCRETE
Total area
66,607 SF
Lot
7.59 ac (330,680 SF)
Zoning code
1
APN
11301449
UPID
US57-0215509
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
-
higi Physician
-
Dr. Mark Greenwell Physician
-
Physicians Mutual Document Processing and Imaging Insurance Agency
-
Advanced Tree Services Corp Landscaping General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$12.59M
Comparable Approach
Comparable
$8.92M
Blend (final)
Blend
$9.65M
Owner & transaction history
Devmar Partners LLC · 8 yrs held
Devmar Partners LLC
since 2017
2 recorded transactions
Zoning & alternative use
1 · Bellevue, NE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$16.1M
+79.1%
Office building
$12.6M
+40.8%
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 Bellevue submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bellevue 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%
$13,640,000
6.5%
$12,590,000
7%
$11,690,000
Alternative Use
Use
Estimation
RETAIL STORES
$8,965,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$16,055,000
Change: +79% · Conversion: Moderate
OFFICE BUILDING
$12,625,000
Change: +41% · Conversion: Easy
WAREHOUSE, STORAGE
$8,520,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$9.65M
Range $8.68M – $10.61M · ±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
$145 / 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
$97,987
Tax year 2023
Assessed value
$4,640,444
Assessed 2023
Previous assessed
$4,640,444
+0.0% YoY
Effective rate
2.11%
On assessed value
Assessed land
$992,040
Assessed improvement
$3,648,404
Land market value
$992,040
Improvement market value
$3,648,404
Total market value
$4,640,444
Applied tax rate
10,002.0000
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1984
Construction
CONCRETE
Heating
NONE
Buildings
2
Stories
1
Units
1
Total area
66,607 SF
Lot
7.59 ac (330,680 SF)
Zoning code
1
APN
11301449
UPID
US57-0215509
Jurisdiction
SARPY
Zoning & alternative use
1 · Bellevue, NE
Zoning 1 · permitted uses
1 · Bellevue, NE
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bellevue. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$9.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$16.1M
OFFICE BUILDING
Est. value
$12.6M
WAREHOUSE, STORAGE
Est. value
$8.5M
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
WAREHOUSE, STORAGE
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
1984
Construction
CONCRETE
Heating
NONE
Stories
1
Buildings
2
Units
1
Lot
7.59 ac
Current owner
From public records · entity-resolved
Devmar Partners LLC
Entity
Mailing address
2600 DODGE ST, OMAHA, NE 68131-2672
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 1, 2017
$4,611,000
Devmar Partners LLC
Spirit Spe Portfolio 2006-2 Ll
Grant Deed
$2,660,000 · Wells Fargo Bk
May 3, 2006
$3,060,000
Shopko Properties Spe Real Estate L
Shopko Properties LLC
Quit Claim Deed
related
$700,000,000 · Barclays Capital Real Estate INC
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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