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Property profile & analytics
OFF-MARKET
Estimated value
$675,000
Banks
602 Dewey St North Platte, NE 69101
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US57-1066029
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
2015
Total area
8,126 SF
Lot
0.55 ac (23,948 SF)
Zoning code
COMMERCIAL
APN
0049083.00
UPID
US57-1066029
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$525k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$828k
Blend (final)
Blend
$675k
Owner & transaction history
Western Nebraska Bank · 12 yrs held
Western Nebraska Bank
since 2014
3 recorded transactions
Zoning & alternative use
COMMERCIAL · North Platte, NE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.0M
+74.2%
Commercial (general)
$980,000
+64.3%
Restaurant
$870,000
+46.3%
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
by Request
ML approach
$525,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FINANCIAL BUILDING
$595,000
Current use
OFFICE BUILDING
$1,040,000
Change: +74% · Conversion: Difficult
COMMERCIAL (GENERAL)
$980,000
Change: +64% · Conversion: Difficult
RESTAURANT
$870,000
Change: +46% · Conversion: Difficult
MEDICAL BUILDING
$655,000
Change: +10% · Conversion: Difficult
WAREHOUSE, STORAGE
$525,000
Change: -12% · Conversion: Difficult
RETAIL STORES
$520,000
Change: -12% · Conversion: Difficult
AUTO REPAIR, GARAGE
$520,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$675k
Range $608k – $743k · ±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
$83 / 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
$36,038
Tax year 2023
Assessed value
$1,976,325
Assessed 2023
Previous assessed
$1,976,325
+0.0% YoY
Effective rate
1.82%
On assessed value
Assessed land
$223,820
Assessed improvement
$1,752,505
Land market value
$223,820
Improvement market value
$1,752,505
Total market value
$1,976,325
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
2015
Buildings
2
Stories
1
Total area
8,126 SF
Lot
0.55 ac (23,948 SF)
Zoning code
COMMERCIAL
APN
0049083.00
UPID
US57-1066029
Jurisdiction
LINCOLN
Zoning & alternative use
COMMERCIAL · North Platte, NE
Zoning 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
North Platte. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
FINANCIAL BUILDING Current
Est. value
$595,000
OFFICE BUILDING
Est. value
$1.0M
COMMERCIAL (GENERAL)
Est. value
$980,000
RESTAURANT
Est. value
$870,000
MEDICAL BUILDING
Est. value
$655,000
WAREHOUSE, STORAGE
Est. value
$525,000
RETAIL STORES
Est. value
$520,000
AUTO REPAIR, GARAGE
Est. value
$520,000
FINANCIAL BUILDING Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
RESTAURANT
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
2015
Stories
1
Buildings
2
Lot
0.55 ac
Current owner
From public records · entity-resolved
Western Nebraska Bank
Entity
Mailing address
600 S DEWEY ST, NORTH PLATTE, NE 69101-5539
Ownership since
2014
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
May 19, 2014
$310,000
Western Nebraska Bank
Katherine J Cain
Warranty Deed
—
Apr 11, 2005
$86,000
David J Cain
Marlene Nickerson Blachard
Warranty Deed
$100,000 · American Family Financial Services
Apr 11, 2005
—
Kathrine J Cain
David J Cain
Intrafamily Transfer
related
—
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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