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    Property profile & analytics

    605 Nebraska Ave Arapahoe, NE 68922-2840

    • Commercial real estate
    • 1,875 SF
    • 0.08 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US57-0737604
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Lammel's Plumbing Heating Inc / Heating Contractor

    Property Details for 605 Nebraska Ave

    Year built
    1930
    Construction
    BRICK
    Lot size
    0.08 lot acres
    Property size
    1,875 SF
    Zone code
    03-COMMERCIAL
    Property type
    Commercial real estate
    APN
    0004927.00
    APU
    492700

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Arapahoe
    County
    Furnas
    State
    Nebraska
    Longitude
    -99.8981
    Latitude
    40.3048

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $456
    $1,390
    $24,220
    $25,610
    -
    $1,390
    $24,220
    $25,610

    Comparable in this City

    • Value Estimation by Request
      2.00 Acres

      123 Main St

      COMMERCIAL (GENERAL) • 2.00 Acres
      123 Main St, Arapahoe, NE 68922-2809
      View Details
    • Value Estimation by Request
      2,236 SF

      Cor Of

      COMMERCIAL (GENERAL) • 2,236 SF
      Cor Of, Arapahoe, NE 68922
      View Details
    • Value Estimation by Request
      0.04 Acres

      315 Nebraska Ave

      COMMERCIAL (GENERAL) • 0.04 Acres
      315 Nebraska Ave, Arapahoe, NE 68922-2839
      View Details
    • Value Estimation by Request
      1,292 SF

      312 4th St

      COMMERCIAL (GENERAL) • 1,292 SF
      312 4th St, Arapahoe, NE 68922-2847
      View Details
    • Value Estimation by Request
      2,070 SF

      419 Nebraska Ave

      COMMERCIAL (GENERAL) • 2,070 SF
      419 Nebraska Ave, Arapahoe, NE 68922
      View Details
    • Value Estimation by Request
      1,064 SF

      701 Nebraska Ave

      COMMERCIAL (GENERAL) • 1,064 SF
      701 Nebraska Ave, Arapahoe, NE 68922-2725
      View Details
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    605 Nebraska Ave
    Arapahoe, NE 68922-2840
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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