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Property profile & analytics
OFF-MARKET
Estimated value
$520,000
Drive through restaurants
618 27th St Scottsbluff, NE 69361-4409
Entity Owned
12-yr Hold
Absentee Owner
Free & Clear
Property ID
US57-0268703
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
2014
Total area
3,694 SF
Lot
1.02 ac (44,354 SF)
Zoning code
03-COMMERCIAL
APN
10148140
UPID
US57-0268703
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
Current use
Occupant on record · Public records
-
Scotty's Drive-In Restaurant Take-out & Catering
-
Burger King Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$370k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$672k
Blend (final)
Blend
$520k
Owner & transaction history
Highland Properties 2114 LLC · 12 yrs held
Highland Properties 2114 LLC
since 2014
4 recorded transactions
Zoning & alternative use
03-COMMERCIAL · Scottsbluff, 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 Scottsbluff submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Scottsbluff 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
$370,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$450,000
Current use
MEDICAL BUILDING
$400,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$520k
Range $468k – $572k · ±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
$141 / 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
$20,081
Tax year 2023
Assessed value
$991,595
Assessed 2023
Previous assessed
$991,595
+0.0% YoY
Effective rate
2.03%
On assessed value
Assessed land
$175,240
Assessed improvement
$816,355
Land market value
$175,240
Improvement market value
$816,355
Total market value
$991,595
Applied tax rate
71.0000
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
2014
Heating
YES
Stories
1
Total area
3,694 SF
Lot
1.02 ac (44,354 SF)
Zoning code
03-COMMERCIAL
APN
10148140
UPID
US57-0268703
Jurisdiction
SCOTTS BLUFF
Zoning & alternative use
03-COMMERCIAL · Scottsbluff, NE
Zoning 03-COMMERCIAL · permitted uses
03-COMMERCIAL · Scottsbluff, NE
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Scottsbluff. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$450,000
MEDICAL BUILDING
Est. value
$400,000
RESTAURANT Current
MEDICAL BUILDING
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
2014
Heating
YES
Stories
1
Lot
1.02 ac
Current owner
From public records · entity-resolved
Highland Properties 2114 LLC
Entity
Free & Clear · 12 yrs held
Mailing address
322 E 37TH ST, SCOTTSBLUFF, NE 69361-4609
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 1, 2023
—
Frank Properties 4 LLC
—
Deed
related
$600,000 · Riverstone Bank
Dec 23, 2021
—
Debra A Gealy
—
Deed
related
$497,000 · Riverstone Bank
Apr 6, 2017
—
Scottys Drive In INC
—
Deed
related
$205,000 · Platte Valley Bank
Jul 2, 2014
$520,000
Highland Properties 2114 LLC
Frank Enterprises INC
Warranty Deed
—
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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