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Property profile & analytics
OFF-MARKET
Estimated value
$880,000
Office Spaces
601 Old Cheney Rd Lincoln, NE 68512-1197
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US57-0247905
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2000
Total area
5,290 SF
Lot
0.84 ac (36,769 SF)
Zoning code
O3
APN
09-14-103-009-000
UPID
US57-0247905
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
-
REGA Engineering Group, Inc. Engineering Consultant Land Surveying Office
-
Vector Structural Design General Contractor
-
Service Research Corporation Advertising Agency
-
Lepant & Lentz Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$990k
Comparable Approach
Comparable
$872k
Blend (final)
Blend
$880k
Owner & transaction history
John Galt Development LLC · 1 yrs held
John Galt Development LLC
since 2025
Last sale
$830,000
6 recorded transactions
Zoning & alternative use
O3 · Lincoln, NE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.1M
+30.8%
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 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,070,000
6.5%
$990,000
7%
$920,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$860,000
Current use
RETAIL STORES
$1,125,000
Change: +31% · Conversion: Easy
Blend value · Realmo final
$880k
Range $792k – $968k · ±10% · vs last sale $830k (Oct 17 2024)
Last sale anchor
$830k
Oct 17 2024
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
$166 / 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
$12,785
Tax year 2024
Assessed value
$715,300
Assessed 2024
Previous assessed
$673,300
+6.2% YoY
Effective rate
1.79%
On assessed value
Assessed land
$193,000
Assessed improvement
$522,300
Land market value
$193,000
Improvement market value
$522,300
Total market value
$715,300
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
2000
Heating
HOT WATER
Cooling
REFRIGERATOR
Stories
1
Units
1
Total area
5,290 SF
Lot
0.84 ac (36,769 SF)
Zoning code
O3
APN
09-14-103-009-000
UPID
US57-0247905
Jurisdiction
LANCASTER
Zoning & alternative use
O3 · Lincoln, NE
Zoning O3 · permitted uses
O3 · 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
$860,000
RETAIL STORES
Est. value
$1.1M
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
2000
Heating
HOT WATER
Cooling
Yes
Stories
1
Units
1
Lot
0.84 ac
Current owner
From public records · entity-resolved
John Galt Development LLC
Entity
Mailing address
7211 WOODY CRK LN, LINCOLN, NE 68516-3036
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
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 17, 2025
$830,000
John Galt Development LLC
Mdm Holdings LLC
Warranty Deed
$664,000 · I3 Bank
Jan 17, 2025
$700,000
Mdm Holdings LLC
Diane M Loth
Warranty Deed
—
Sep 1, 2017
—
Mdm Holdings LLC
Loth Diane M
Quit Claim Deed
—
—
—
Loth Trust
—
Deed Of Trust
related
$421,903 · Union Bank & Trust
—
—
Loth Diane M Trust
—
Deed Of Trust
related
$440,000 · First National Bank
—
—
Loth Diane M Tr
—
Deed Of Trust
related
$350,000 · First National 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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