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    Property profile & analytics

    702 Nebraska Ave Arapahoe, NE 68922-2725

    • Office buildings
    • 912 SF
    • 0.11 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US57-0984043
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • First State Insurance Agency / Auto Insurance Agency / Health Insurance Agency

    Property Details for 702 Nebraska Ave

    Year built
    1930
    Construction
    FRAME
    Lot size
    0.11 lot acres
    Property size
    912 SF
    Zone code
    03-COMMERCIAL
    Property type
    Office buildings
    APN
    0004856.00
    APU
    485600

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Arapahoe
    County
    Furnas
    State
    Nebraska
    Longitude
    -99.8974
    Latitude
    40.3058

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $1,149
    $1,860
    $62,695
    $64,555
    -
    $1,860
    $62,695
    $64,555

    Comparable in this City

    • Value Estimation by Request
      2,121 SF

      515 Nebraska Ave

      OFFICE BUILDING • 2,121 SF
      515 Nebraska Ave, Arapahoe, NE 68922-2832
      View Details
    • Value Estimation by Request
      1,243 SF

      609 Locust St

      OFFICE BUILDING • 1,243 SF
      609 Locust St, Arapahoe, NE 68922
      View Details
    • Value Estimation by Request
      1,848 SF

      409 Nebraska Ave

      OFFICE BUILDING • 1,848 SF
      409 Nebraska Ave, Arapahoe, NE 68922-2762
      View Details
    • Value Estimation by Request
      1,188 SF

      705 6th St

      OFFICE BUILDING • 1,188 SF
      705 6th St, Arapahoe, NE 68922-2769
      View Details
    • Value Estimation by Request
      1,200 SF

      514 Nebraska Ave

      OFFICE BUILDING • 1,200 SF
      514 Nebraska Ave, Arapahoe, NE 68922-2832
      View Details
    • Value Estimation by Request
      800 SF

      411 Nebraska Ave

      OFFICE BUILDING • 800 SF
      411 Nebraska Ave, Arapahoe, NE 68922
      View Details
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    702 Nebraska Ave
    Arapahoe, NE 68922-2725
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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