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Property profile & analytics
OFF-MARKET
Commercial land
705 Park Ave Plainview, NE 68769-4204
Entity Owned
3-yr Hold
Free & Clear
Property ID
US57-0719952
Property summary
AI-generated overview
This exceptional investment opportunity presents a brand-new, 10,640 square-foot Dollar General located at 705 W Park Ave, Plainview, NE 68769. Built in 2023, this property boasts a 15-year absolute NNN lease with a corporate guarantee from Dollar General, a Fortune 500 company with an investment-grade S&P credit rating of BBB. The lease commenced December 8, 2023, and includes four, five-year options with a 10% rent increase in each. The property sits on a 1.09-acre lot and offers a strong 7.00% cap rate with a current NOI of $126,133 and an asking price of $1,802,000 ($169.36/sq ft). This is a truly hands-off investment with zero landlord responsibilities. Dollar General, the nation's largest small-box discount retailer, generated $38.7 billion in net sales and $1.7 billion in net income in FY2023. This property represents a secure, high-yield investment with significant long-term potential. The property is currently 100% occupied.
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
1.09 ac (47,565 SF)
Zoning code
03-COMMERCIAL
APN
700011487
UPID
US57-0719952
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
-
Dollar General Grocery & Convenience Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Colby 2021 LLC · 3 yrs held
Colby 2021 LLC
since 2022
Last sale
$101,000
2 recorded transactions
Zoning & alternative use
03-COMMERCIAL · Plainview, 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 Plainview submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Plainview 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$189
Tax year 2023
Assessed value
$12,430
Assessed 2023
Previous assessed
$6,820
+82.3% YoY
Effective rate
1.52%
On assessed value
Assessed land
$12,430
Land market value
$12,430
Total market value
$12,430
Applied tax rate
40.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Lot
1.09 ac (47,565 SF)
Zoning code
03-COMMERCIAL
APN
700011487
UPID
US57-0719952
Jurisdiction
PIERCE
Zoning & alternative use
03-COMMERCIAL · Plainview, NE
Zoning 03-COMMERCIAL · permitted uses
03-COMMERCIAL · Plainview, NE
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Plainview. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Lot
1.09 ac
Current owner
From public records · entity-resolved
Colby 2021 LLC
Entity
Free & Clear · 3 yrs held
Mailing address
13501 ABERDEEN PKWY, LEAWOOD, KS 66224-8400
Ownership since
2022
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 2, 2025
—
Quarters On 9th LLC
—
Deed
related
$1,101,500 · Northwest Bank
Nov 8, 2022
$101,000
Colby 2021 LLC
Madison County Bank
Special Warranty Deed
—
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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