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Property profile & analytics
OFF-MARKET
Estimated value
$500,000
Flex space
701 Hwy 61st S Ogallala, NE 69153-4537
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US57-1053959
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1979
Total area
5,600 SF
Lot
3.12 ac (135,907 SF)
Zoning code
03-COMMERCIAL
APN
257223800
UPID
US57-1053959
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$500k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$500k
Owner & transaction history
Vader Empire LLC · 5 yrs held
Vader Empire LLC
since 2021
Last sale
$500,000
2 recorded transactions
Zoning & alternative use
03-COMMERCIAL · Ogallala, NE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$580,000
+48.1%
Restaurant
$575,000
+46.3%
Commercial (general)
$470,000
+20.3%
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 Ogallala submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ogallala 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
$575,000
ML approach
$500,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$390,000
Current use
OFFICE BUILDING
$580,000
Change: +48% · Conversion: Difficult
RESTAURANT
$575,000
Change: +46% · Conversion: Difficult
COMMERCIAL (GENERAL)
$470,000
Change: +20% · Conversion: Difficult
RETAIL STORES
$445,000
Change: +13% · Conversion: Moderate
WAREHOUSE, STORAGE
$360,000
Change: -9% · Conversion: Easy
AUTO REPAIR, GARAGE
$340,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$500k
Range $450k – $550k · ±10% · vs last sale $500k (Feb 24 2021)
Last sale anchor
$500k
Feb 24 2021
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
$89 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$2,310
Tax year 2023
Assessed value
$215,195
Assessed 2023
Previous assessed
$223,195
-3.6% YoY
Effective rate
1.07%
On assessed value
Assessed land
$29,160
Assessed improvement
$186,035
Land market value
$29,160
Improvement market value
$186,035
Total market value
$215,195
Applied tax rate
5.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1979
Stories
1
Total area
5,600 SF
Lot
3.12 ac (135,907 SF)
Zoning code
03-COMMERCIAL
APN
257223800
UPID
US57-1053959
Jurisdiction
KEITH
Zoning & alternative use
03-COMMERCIAL · Ogallala, NE
Zoning 03-COMMERCIAL · permitted uses
03-COMMERCIAL · Ogallala, NE
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Ogallala. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$390,000
OFFICE BUILDING
Est. value
$580,000
RESTAURANT
Est. value
$575,000
COMMERCIAL (GENERAL)
Est. value
$470,000
RETAIL STORES
Est. value
$445,000
WAREHOUSE, STORAGE
Est. value
$360,000
AUTO REPAIR, GARAGE
Est. value
$340,000
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
RESTAURANT
COMMERCIAL (GENERAL)
RETAIL STORES
WAREHOUSE, STORAGE
AUTO REPAIR, GARAGE
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
1979
Stories
1
Lot
3.12 ac
Current owner
From public records · entity-resolved
Vader Empire LLC
Entity
Mailing address
776 PATRIOT, OGALLALA, NE 69153-4628
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 23, 2025
—
Vader Empire LLC
—
Deed
related
$1,702,000 · Adams Bank & Trust
Feb 24, 2021
$500,000
Vader Empire LLC
Axiom Enterprises LLC
Warranty Deed
$495,000 · Adams Bank & Trust
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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