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Property profile & analytics
OFF-MARKET
Estimated value
$1,700,000
Office Spaces
701 48th St Lincoln, NE 68504-3408
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US57-0011780
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1988
Total area
17,320 SF
Lot
1.35 ac (58,937 SF)
Zoning code
H2
APN
17-20-301-001-000
UPID
US57-0011780
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
-
First American Payment Systems Business Service Center
-
Skincare B.A.E. Alternative Medicine Practice Spa & Massage Center
-
spirit of Christ Gospel Church Church
-
Wilkinson Automotive Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.79M
Blend (final)
Blend
$1.70M
Owner & transaction history
Roberts And Roberts LLC · 9 yrs held
Roberts And Roberts LLC
since 2017
7 recorded transactions
Zoning & alternative use
H2 · Lincoln, 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 Lincoln submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lincoln 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,975,000
Current use
Blend value · Realmo final
$1.70M
Range $1.53M – $1.87M · ±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
$98 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$23,775
Tax year 2024
Assessed value
$1,330,200
Assessed 2024
Previous assessed
$1,337,000
-0.5% YoY
Effective rate
1.79%
On assessed value
Assessed land
$766,000
Assessed improvement
$564,200
Land market value
$766,000
Improvement market value
$564,200
Total market value
$1,330,200
Applied tax rate
1.0000
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1988
Heating
YES
Cooling
YES
Buildings
2
Stories
1
Units
1
Total area
17,320 SF
Lot
1.35 ac (58,937 SF)
Zoning code
H2
APN
17-20-301-001-000
UPID
US57-0011780
Jurisdiction
LANCASTER
Zoning & alternative use
H2 · Lincoln, NE
Zoning H2 · permitted uses
H2 · Lincoln, NE
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lincoln. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$2.0M
COMMERCIAL (GENERAL) Current
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
1988
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Units
1
Lot
1.35 ac
Current owner
From public records · entity-resolved
Roberts And Roberts LLC
Entity
Mailing address
6017 KENWOOD RD, LINCOLN, NE 68516-1553
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 7, 2021
—
Roberts LLC
—
Deed
related
$870,000 · Home Federal Sla
Jun 1, 2020
—
Roberts & Roberts LLC
—
Deed
related
$889,947 · Exchange Bk
Mar 29, 2019
—
Roberts And Roberts LLC
—
Deed
related
$119,000 · Exchange Bank
Feb 19, 2019
—
Roberts And Roberts LLC
—
Deed
related
$100,000 · Exchange Bank
Apr 4, 2017
$1,100,000
Roberts And Roberts LLC
Drmj Properties LLC
Warranty Deed
$880,000 · Exchange Bank
Jun 1, 2007
$950,000
Drmj Properties LLC
Egan Patrick J & B C Trust
Warranty Deed
$760,000 · Lincoln Fsb
Dec 5, 2006
—
Egan Patrick J & Betsy C Trust
Egan,patrick J & Betsy C
Quit Claim Deed
related
—
Jul 2, 2004
—
Patrick J Egan
—
Trustees Deed
related
$1,350,000 · Lincoln Fsb Of Nebraska
—
—
Roberts & Roberts LLC
—
Loan Modification
related
$889,947 · Exchange Bk
—
—
Drmj Properties LLC
—
Deed Of Trust
related
$100,000 · Lincoln Fsb
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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