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    Property profile & analytics

    622 2nd St Newport, NE 68759-5592

    • Office buildings
    • 548 SF
    • 2.31 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US57-0918042
    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

    • Office buildings

    Property Details for 622 2nd St

    Year built
    1960
    Lot size
    2.31 lot acres
    Property size
    548 SF
    Property type
    Office buildings
    APN
    750003196
    APU
    750003196

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Newport
    County
    Rock
    State
    Nebraska
    Longitude
    -99.3266
    Latitude
    42.5996

    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
    $116
    $2,130
    $4,490
    $6,620
    -
    $2,130
    $4,490
    $6,620

    Comparable in this City

    • Value Estimation by Request
      560 SF

      802 Main St

      OFFICE BUILDING • 560 SF
      802 Main St, Newport, NE 68759
      View Details
    • Value Estimation by Request
      400 SF

      625 2nd St

      COUNTRY CLUB • 400 SF
      625 2nd St, Newport, NE 68759
      View Details
    • Value Estimation by Request
      1,120 SF

      900 2nd St

      COM AUTO TRANS/STORAGE • 1,120 SF
      900 2nd St, Newport, NE 68759
      View Details
    • Value Estimation by Request
      2,912 SF

      901 2nd St

      GYM, HEALTH SPA • 2,912 SF
      901 2nd St, Newport, NE 68759
      View Details
    • Value Estimation by Request
      900 SF

      301 Main St

      COUNTRY CLUB • 900 SF
      301 Main St, Newport, NE 68759-5622
      View Details
    • Value Estimation by Request
      3,120 SF

      701 Douglas St

      MINI-WAREHOUSE, STORAGE • 3,120 SF
      701 Douglas St, Newport, NE 68759
      View Details

    Similar Nearby for Sale

    • $650,000
      162.01 Acres

      Productive Cropland in Keya Paha

      162-acre cropland with income potential and on-site grain storage.
      162 +/- Acres Keya Paha County, Newport, NE 68759
      View Details
    • $800,000
      200.00 Acres

      Nebraska Land with Cropland, Pasture

      200 acres featuring cropland, recreational pasture, and building potential.
      200 +/- Acres Keya Paha County, Newport, NE 68759
      View Details
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    622 2nd St
    Newport, NE 68759-5592
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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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