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    Property profile & analytics

    615 Dearborn St Wayne, NE 68787-2244

    • Retail space
    • 27,600 SF
    • 1.99 lot acres
    OFF-MARKET
    Value Estimation
    $485,000
    Last Sale
    Sep 29, 2023
    $480,000
    Location Intelligence
    Property ID
    US57-0410162
    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

    • higi / Health Consultant
    • Ace Hardware & Home / Tool Store / Hardware Store
    • Resharp / Sharpening Service

    Property Details for 615 Dearborn St

    Year built
    1972
    Lot size
    1.99 lot acres
    Property size
    27,600 SF
    Zone code
    03-COMMERCIAL
    Property type
    Retail space
    APN
    0002893.05
    APU
    289305

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $470,000

    • CAP approach

      CAP return
      Estimation
      6%
      $495,000
      6.5%
      $450,000
      7%
      $470,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $570,000
      Geo Method
      $460,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $540,000
      Retail
      $460,000
      Mixed-Use
      $400,000
      Hospitality
      $405,000
      Educational
      $505,000
      Residential Income
      $545,000
      Energy
      $495,000
      Income-Based Land
      $520,000
      Food Service
      $490,000

    Location Insight

    • Map
    • Local Demand
    City
    Wayne
    County
    Wayne
    State
    Nebraska
    Longitude
    -97.0093
    Latitude
    42.2351

    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
    $17,068
    $97,020
    $906,440
    $1,003,460
    -
    $97,020
    $906,440
    $1,003,460

    Comparable in this City

    • Value Estimation by Request
      1,962 SF

      217 Main St

      RETAIL STORES (PERSONAL SERVICES) • 1,962 SF
      217 Main St, Wayne, NE 68787-1924
      View Details
    • Value Estimation by Request
      26,963 SF

      1400 7th St

      RETAIL STORES (PERSONAL SERVICES) • 26,963 SF
      1400 7th St, Wayne, NE 68787-1214
      View Details
    • Value Estimation by Request
      1,941 SF

      222 Main St

      RETAIL STORES (PERSONAL SERVICES) • 1,941 SF
      222 Main St, Wayne, NE 68787-1941
      View Details
    • Value Estimation
      $150,000
      8,915 SF

      112 2nd St

      RETAIL STORES (PERSONAL SERVICES) • 8,915 SF
      112 2nd St, Wayne, NE 68787-2002
      View Details
    • Value Estimation
      $180,000
      1,750 SF

      303 Main St

      RETAIL STORES (PERSONAL SERVICES) • 1,750 SF
      303 Main St, Wayne, NE 68787-1925
      View Details
    • Value Estimation
      $545,000
      18,498 SF

      105 Main St

      RETAIL STORES (PERSONAL SERVICES) • 18,498 SF
      105 Main St, Wayne, NE 68787-1923
      View Details
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    615 Dearborn St
    Wayne, NE 68787-2244
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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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