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Property profile & analytics
OFF-MARKET
Estimated value
$2,285,000
Hotels
7007 Grover St Omaha, NE 68106-3514
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US57-0110597
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1973
Total area
132,705 SF
Lot
3.99 ac (173,804 SF)
APN
1615530006
UPID
US57-0110597
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
-
maxtaxfreeretirement Hotel & Motel
-
Comfort Inn & Suites Omaha Central Hotel & Motel
-
Firewater Grille Bar & Pub Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.89M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.65M
Blend (final)
Blend
$2.29M
Owner & transaction history
Elite Hospitality LLC · 2 yrs held
Elite Hospitality LLC
since 2023
Last sale
$2.3M
6 recorded transactions
Zoning & alternative use
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 Omaha submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Omaha 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
$2,285,000
ML approach
$1,885,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.29M
Range $2.06M – $2.51M · ±10% · vs last sale $2.30M (Dec 29 2023)
Last sale anchor
$2.30M
Dec 29 2023
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
$17 / 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
Assessed value
$6,036,000
Assessed 2023
Previous assessed
$6,036,000
+0.0% YoY
Assessed land
$338,800
Assessed improvement
$5,697,200
Land market value
$338,800
Improvement market value
$5,697,200
Total market value
$6,036,000
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1973
Heating
YES
Cooling
YES
Stories
9
Units
172
Rooms
172
Total area
132,705 SF
Lot
3.99 ac (173,804 SF)
APN
1615530006
UPID
US57-0110597
Jurisdiction
DOUGLAS
Zoning & alternative use
Zoning · permitted uses
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
1973
Heating
YES
Cooling
Yes
Stories
9
Units
172
Rooms
172
Lot
3.99 ac
Current owner
From public records · entity-resolved
Elite Hospitality LLC
Entity
Mailing address
4803 N 180TH AVE, ELKHORN, NE 68022-3996
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 29, 2023
$2,300,000
Elite Hospitality LLC
Varinderjit Kaur
Special Warranty Deed
$6,440,000 · Bank Iowa
Mar 22, 2017
—
Grover Street Acquisition LLC
—
Deed
related
$4,547,118 · American Nat'l Bk
Jun 7, 2006
—
Grover Street Acquistion LLC
—
Grant Deed
related
$5,500,000 · American National Bank & Trust
Mar 14, 2005
—
Grover Street Acquisition LLC
Hnpd INC
Grant Deed
$1,547,600 · American National Bank & Trust
—
—
Grover Street Acquisition LLC
—
Loan Modification
related
$4,547,118 · American Nat'l Bk
—
—
Graver Street Acquisition LLC
—
Deed Of Trust
related
$2,000,000 · Nebraska Economic Dev Corp
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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