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Property profile & analytics
OFF-MARKET
Turn key restaurants
653 Broadway St Decatur, NE 68020
Entity Owned
18-yr Hold
Free & Clear
Property ID
US57-0897324
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2009
Total area
7,696 SF
Lot
0.48 ac (20,909 SF)
Zoning code
COMMERCIAL
APN
310904300
UPID
US57-0897324
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
-
Green Lantern Steak House Restaurant
-
Gl Lounge Bar & Pub
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
Green Lantern INC · 18 yrs held
Green Lantern INC
since 2008
1 recorded transaction
Zoning & alternative use
COMMERCIAL · Decatur, 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 Decatur submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Decatur 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
$7,138
Tax year 2023
Assessed value
$396,708
Assessed 2023
Previous assessed
$373,430
+6.2% YoY
Effective rate
1.80%
On assessed value
Assessed land
$11,091
Assessed improvement
$385,617
Land market value
$11,091
Improvement market value
$385,617
Total market value
$396,708
Applied tax rate
300.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
2009
Heating
YES
Cooling
YES
Stories
1
Total area
7,696 SF
Lot
0.48 ac (20,909 SF)
Zoning code
COMMERCIAL
APN
310904300
UPID
US57-0897324
Jurisdiction
BURT
Zoning & alternative use
COMMERCIAL · Decatur, NEZoning COMMERCIAL · permitted uses
COMMERCIAL · Decatur, NE
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2009
Heating
YES
Cooling
Yes
Stories
1
Lot
0.48 ac
Current owner
From public records · entity-resolved
Green Lantern INC
Entity
Free & Clear · 18 yrs held
Mailing address
PO BOX 246, DECATUR, NE 68020-0246
Ownership since
2008
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
Jul 4, 2008
$130,000
Green Lantern INC
Lantern Steak House And Lounge 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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