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    Property profile & analytics

    623 5th St Peru, NE 68421-3056

    • Grocery and convenience stores
    • 3,497 SF
    • 0.15 lot acres
    OFF-MARKET
    Value Estimation
    $60,000
    Last Sale
    Nov 15, 2021
    $55,000
    Location Intelligence
    Property ID
    US57-0593195
    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

    • The Market / American Grocery Store

    Property Details for 623 5th St

    Year built
    1967
    Lot size
    0.15 lot acres
    Property size
    3,497 SF
    Property type
    Grocery and convenience stores
    APN
    640036139
    APU
    640036139

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $65,000

    • CAP approach

      CAP return
      Estimation
      6%
      $50,000
      6.5%
      $50,000
      7%
      $50,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $45,000
      Geo Method
      $55,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $45,000
      Retail
      $50,000
      Mixed-Use
      $55,000
      Hospitality
      $45,000
      Educational
      $55,000
      Residential Income
      $50,000
      Energy
      $60,000
      Income-Based Land
      $55,000
      Food Service
      $50,000

    Location Insight

    • Map
    • Local Demand
    City
    Peru
    County
    Nemaha
    State
    Nebraska
    Longitude
    -95.7302
    Latitude
    40.4817

    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
    $966
    $783
    $42,754
    $43,537
    -
    $783
    $42,754
    $43,537

    Comparable in this City

    • Value Estimation
      $375,000
      2,376 SF

      73416 644th Ave

      CONVENIENCE STORE • 2,376 SF
      73416 644th Ave, Peru, NE 68421-7700
      View Details
    • Value Estimation by Request
      1,988 SF

      604 5th St

      RETAIL STORES (PERSONAL SERVICES) • 1,988 SF
      604 5th St, Peru, NE 68421
      View Details
    • Value Estimation by Request
      3,168 SF

      622 5th St

      FINANCIAL BUILDING • 3,168 SF
      622 5th St, Peru, NE 68421-3056
      View Details
    • Value Estimation by Request
      660 SF

      612 5th St

      BARBER, HAIR SALON • 660 SF
      612 5th St, Peru, NE 68421-3056
      View Details
    • Value Estimation by Request
      2,284 SF

      608 5th St

      RETAIL STORES (PERSONAL SERVICES) • 2,284 SF
      608 5th St, Peru, NE 68421
      View Details
    • Value Estimation by Request
      1,201 SF

      517 5th St

      AUTO REPAIR, GARAGE • 1,201 SF
      517 5th St, Peru, NE 68421
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.26 Acres

      Residential Lot Near Peru College

      Open lot close to downtown and Peru State College.
      712 California St, Peru, NE 68421
      View Details
    • $85,000

      Acreage in Peru, Nebraska

      Land with utilities ready for building your dream home.
      73238 646A Ave, Peru, NE 68421
      View Details
    • $299,000
      40.00 Acres

      Recreational Land with Hunting Lease

      40-acre recreational tract with diverse timber and hunting opportunities.
      Na 642 Ave, Peru, NE 68421
      View Details
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    623 5th St
    Peru, NE 68421-3056
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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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