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Property profile & analytics
OFF-MARKET
Estimated value
$655,000
Hotels
602 4th St North Platte, NE 69101-6909
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US57-0907216
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1962
Total area
11,422 SF
Lot
0.4 ac (17,424 SF)
Zoning code
COMMERCIAL
APN
0004600.00
UPID
US57-0907216
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
-
Americas Best Value Inn North Platte Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$615k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$393k
Blend (final)
Blend
$655k
Owner & transaction history
Shree LLC · 3 yrs held
Shree LLC
since 2023
Last sale
$650,000
3 recorded transactions
Zoning & alternative use
COMMERCIAL · North Platte, NE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
CHAPTER 156: ZONING
Top alternative use upside
Medical building
$920,000
+113.2%
Warehouse, storage
$740,000
+71.6%
Retail stores
$735,000
+69.9%
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 North Platte submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North Platte 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
$660,000
ML approach
$615,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$430,000
Current use
MEDICAL BUILDING
$920,000
Change: +113% · Conversion: Difficult
WAREHOUSE, STORAGE
$740,000
Change: +72% · Conversion: Difficult
RETAIL STORES
$735,000
Change: +70% · Conversion: Difficult
AUTO REPAIR, GARAGE
$730,000
Change: +69% · Conversion: Difficult
Blend value · Realmo final
$655k
Range $590k – $721k · ±10% · vs last sale $650k (Feb 6 2023)
Last sale anchor
$650k
Feb 6 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
$57 / 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
$12,371
Tax year 2023
Assessed value
$678,437
Assessed 2023
Previous assessed
$678,437
+0.0% YoY
Effective rate
1.82%
On assessed value
Assessed land
$68,560
Assessed improvement
$609,877
Land market value
$68,560
Improvement market value
$609,877
Total market value
$678,437
Applied tax rate
3.0000
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1962
Buildings
2
Stories
2
Units
33
Total area
11,422 SF
Lot
0.4 ac (17,424 SF)
Zoning code
COMMERCIAL
APN
0004600.00
UPID
US57-0907216
Jurisdiction
LINCOLN
Zoning & alternative use
COMMERCIAL · North Platte, NEZoning COMMERCIAL · permitted uses
COMMERCIAL · North Platte, NE
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
CHAPTER 156: ZONING
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$430,000
MEDICAL BUILDING
Est. value
$920,000
WAREHOUSE, STORAGE
Est. value
$740,000
RETAIL STORES
Est. value
$735,000
AUTO REPAIR, GARAGE
Est. value
$730,000
HOTEL/MOTEL Current
MEDICAL BUILDING
WAREHOUSE, STORAGE
RETAIL STORES
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
1962
Stories
2
Buildings
2
Units
33
Lot
0.4 ac
Current owner
From public records · entity-resolved
Shree LLC
Entity
Mailing address
602 E 4TH ST, NORTH PLATTE, NE 69101-6909
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 6, 2023
$650,000
Shree LLC
North Platte Travelers Inn LLC
Warranty Deed
$481,903 · First State Bank
May 24, 2021
$800,000
Dean Taulborg
Travelers Inn LLC
Warranty Deed
$849,000 · First State Bank
Oct 16, 2012
$213,000
David E Walsh
North Platte Farms LLC
Warranty Deed
$177,500 · Sandhills State 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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