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Property profile & analytics
OFF-MARKET
Estimated value
$560,000
Medical Office Space
700 Webb Rd 720 Grand Island, NE 68803-3310
Entity Owned
7-yr Hold
Absentee Owner
Free & Clear
Property ID
US57-0329398
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1995
Total area
6,202 SF
Lot
2.62 ac (114,127 SF)
Zoning code
03-COMMERCIAL
APN
400150050
UPID
US57-0329398
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
-
ATM Great Western Bk Atm Bank
-
ATM Atm
-
First Interstate Bank - ATM Atm Money Transfer Service
-
First Interstate Bank Bank Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$450k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$668k
Blend (final)
Blend
$560k
Owner & transaction history
Cedar Canyon LLC · 7 yrs held
Cedar Canyon LLC
since 2018
4 recorded transactions
Zoning & alternative use
03-COMMERCIAL · Grand Island, NE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$650,000
+48.4%
Restaurant
$610,000
+39.7%
Apartment house (5+ units)
$585,000
+34.1%
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 Grand Island submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Grand Island 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
$450,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$440,000
Current use
RETAIL STORES
$650,000
Change: +48% · Conversion: Difficult
RESTAURANT
$610,000
Change: +40% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$585,000
Change: +34% · Conversion: Moderate
AUTO REPAIR, GARAGE
$565,000
Change: +29% · Conversion: Difficult
WAREHOUSE, STORAGE
$515,000
Change: +18% · Conversion: Difficult
Blend value · Realmo final
$560k
Range $504k – $616k · ±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
$90 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$49,568
Tax year 2022
Assessed value
$2,727,822
Assessed 2023
Previous assessed
$2,727,822
+0.0% YoY
Effective rate
1.82%
On assessed value
Assessed land
$679,050
Assessed improvement
$2,048,772
Land market value
$679,050
Improvement market value
$2,048,772
Total market value
$2,727,822
Applied tax rate
17.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1995
Heating
HEAT PUMP
Cooling
YES
Buildings
3
Stories
1
Total area
6,202 SF
Lot
2.62 ac (114,127 SF)
Zoning code
03-COMMERCIAL
APN
400150050
UPID
US57-0329398
Jurisdiction
HALL
Zoning & alternative use
03-COMMERCIAL · Grand Island, NE
Zoning 03-COMMERCIAL · permitted uses
03-COMMERCIAL · Grand Island, NE
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Grand Island. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$440,000
RETAIL STORES
Est. value
$650,000
RESTAURANT
Est. value
$610,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$585,000
AUTO REPAIR, GARAGE
Est. value
$565,000
WAREHOUSE, STORAGE
Est. value
$515,000
MEDICAL BUILDING Current
RETAIL STORES
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
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
1995
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Buildings
3
Lot
2.62 ac
Current owner
From public records · entity-resolved
Cedar Canyon LLC
Entity
Free & Clear · 7 yrs held
Mailing address
720 N WEBB RD, GRAND ISLAND, NE 68803-3310
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
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
Oct 25, 2018
—
Cedar Canyon LLC
Ccgi Holding LLC
Quit Claim Deed
related
—
Mar 17, 2014
$2,482,333
Ccgi Holdings LLC
Superior-deshler LLC
Warranty Deed
related
—
—
—
Ccgi Holdings LLC
—
Deed Of Trust
related
$2,400,000 · Exchange Bk
—
—
Superior-deshler LLC
—
Deed Of Trust
related
$2,400,000 · Exchange Bank
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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