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Property profile & analytics
OFF-MARKET
Turn key restaurants
610 Central Ave, Nebraska City, NE 68410-2449
Individually Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US57-0888983
Property summary
AI-generated overview
Prime downtown Nebraska City location presents a unique investment opportunity encompassing approximately 8,000 square feet of commercial space. This mixed-use property, currently configured as a restaurant, features a spacious main floor of 5,328 square feet and a full basement of 2,644 square feet, compliant with current fire codes and providing ample storage. The layout includes a substantial party room with a dance floor accommodating up to 300 guests, a large bar and lounge area, and attractive, newer large window displays. The building benefits from gas furnaces, central air conditioning, and convenient alley access. Recently remodeled bathrooms and an existing point-of-sale (POS) system are included. This property is listed at $225,000 and offers significant potential for various commercial ventures. The property is located at 610 Central Ave, Nebraska City, NE 68410.
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1948
Total area
5,328 SF
Lot
0.2 ac (8,640 SF)
Zoning code
COMMERCIAL
APN
1647000
UPID
US57-0888983
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
William S Heng · 9 yrs held
William S Heng
since 2016
1 recorded transaction
Zoning & alternative use
COMMERCIAL · Nebraska City, NE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Nebraska City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Nebraska City 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$2,751
Tax year 2023
Assessed value
$128,388
Assessed 2023
Previous assessed
$110,130
+16.6% YoY
Effective rate
2.14%
On assessed value
Assessed land
$18,840
Assessed improvement
$109,548
Land market value
$18,840
Improvement market value
$109,548
Total market value
$128,388
Applied tax rate
20.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1948
Buildings
2
Stories
1
Total area
5,328 SF
Lot
0.2 ac (8,640 SF)
Zoning code
COMMERCIAL
APN
1647000
UPID
US57-0888983
Jurisdiction
OTOE
Zoning & alternative use
COMMERCIAL · Nebraska City, NE
Zoning COMMERCIAL · permitted uses
COMMERCIAL · Nebraska City, NE
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Nebraska City. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1948
Stories
1
Buildings
2
Lot
0.2 ac
Current owner
From public records · entity-resolved
William S Heng
Individual
Mailing address
1240 N 15TH ST, NEBRASKA CITY, NE 68410-1128
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 29, 2016
—
William S Heng
—
Deed
related
$30,000 · Nebraska City Economic Development Progr
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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