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Property profile & analytics
OFF-MARKET
Estimated value
$15,195,000
Assisted living facilities
6021 Grand Ldg Ave Bellevue, NE 68133-3205
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US57-0068812
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
2015
Total area
74,125 SF
Lot
13.96 ac (608,090 SF)
APN
11591102
UPID
US57-0068812
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
$12.88M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$15.20M
Owner & transaction history
Hce Grand Lodge-re LLC · 5 yrs held
Hce Grand Lodge-re LLC
since 2020
Last sale
$16.4M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$9.3M
+286.6%
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
$12,875,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$9,315,000
Change: +287% · Conversion: Difficult
Blend value · Realmo final
$15.20M
Range $13.68M – $16.71M · ±10% · vs last sale $16.36M (Dec 15 2020)
Last sale anchor
$16.36M
Dec 15 2020
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
$205 / 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
$335,186
Tax year 2023
Assessed value
$16,354,369
Assessed 2023
Previous assessed
$16,354,369
+0.0% YoY
Effective rate
2.05%
On assessed value
Assessed land
$1,216,180
Assessed improvement
$15,138,189
Land market value
$1,216,180
Improvement market value
$15,138,189
Total market value
$16,354,369
Applied tax rate
27,111.0000
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
2015
Heating
NONE
Buildings
4
Stories
1
Units
162
Total area
74,125 SF
Lot
13.96 ac (608,090 SF)
APN
11591102
UPID
US57-0068812
Jurisdiction
SARPY
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$9.3M
RESTAURANT
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
Heating
NONE
Stories
1
Buildings
4
Units
162
Lot
13.96 ac
Current owner
From public records · entity-resolved
Hce Grand Lodge-re LLC
Entity
Mailing address
1902 HILLCREST DRA, BELLEVUE, NE 68005-3601
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 15, 2020
$16,355,000
Hce Grand Lodge-re LLC
Hillcrest Dev Co LLC
Warranty Deed
$41,500,000 · Orix R/e Cap
Jan 10, 2018
—
Hillcrest Dev Co LLC
—
Deed
related
$40,822,823 · First Nat'l Bk/omaha
Aug 19, 2014
—
Hillcrest Dev Co LLC
—
Trustees Deed
related
—
Sep 6, 2013
—
Hillcrest Dev Co LLC
—
Trustees Deed
related
$50,000 · First National Bank Omaha
Sep 16, 2009
—
Hillcrest Dev Co LLC
—
Trustees Deed
related
$2,549,300 · Mutual Of Omaha Bank
Oct 25, 2007
$2,403,000
Hillcrest Development Co LLC
Titan Springs LLC
Warranty Deed
—
—
—
Hillcrest Dev Co LLC
—
Deed Of Trust
related
$2,198,000 · Mutual Of Omaha Bank
—
—
Hillcrest Dev Co LLC
—
Deed Of Trust
related
—
—
—
Hillcrest Dev Co LLC
—
Loan Modification
related
$40,822,823 · First Nat'l Bk/omaha
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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