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Property profile & analytics
OFF-MARKET
Estimated value
$1,770,000
Outlet malls
716 4th St Gothenburg, NE 69138-2347
Entity Owned
12-yr Hold
Free & Clear
Property ID
US57-0581738
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2008
Construction
FRAME
Total area
22,960 SF
Zoning code
03-COMMERCIAL
APN
240219740
UPID
US57-0581738
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
-
Orscheln Farm & Home Hardware Store Lawn Mower Store
-
Bomgaars Department 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
$1.77M
Owner & transaction history
Newcomb V LLC · 12 yrs held
Newcomb V LLC
since 2014
5 recorded transactions
Zoning & alternative use
03-COMMERCIAL · Gothenburg, NE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
§ 152.002 PURPOSE.
Top alternative use upside
Restaurant
$2.4M
+16.3%
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 Gothenburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Gothenburg 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
RETAIL STORES
$2,050,000
Current use
RESTAURANT
$2,385,000
Change: +16% · Conversion: Easy
WAREHOUSE, STORAGE
$1,830,000
Change: -11% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,815,000
Change: -12% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,805,000
Change: -12% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,655,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$1.77M
Range $1.59M – $1.95M · ±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
$77 / 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
$31,342
Tax year 2023
Assessed value
$1,722,786
Assessed 2023
Previous assessed
$1,475,166
+16.8% YoY
Effective rate
1.82%
On assessed value
Assessed land
$43,386
Assessed improvement
$1,679,400
Land market value
$43,386
Improvement market value
$1,679,400
Total market value
$1,722,786
Applied tax rate
510.0000
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
2008
Construction
FRAME
Heating
YES
Cooling
YES
Stories
1
Total area
22,960 SF
Zoning code
03-COMMERCIAL
APN
240219740
UPID
US57-0581738
Jurisdiction
DAWSON
Zoning & alternative use
03-COMMERCIAL · Gothenburg, NEZoning 03-COMMERCIAL · permitted uses
03-COMMERCIAL · Gothenburg, NE
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
§ 152.002 PURPOSE.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$2.1M
RESTAURANT
Est. value
$2.4M
WAREHOUSE, STORAGE
Est. value
$1.8M
INDUSTRIAL (GENERAL)
Est. value
$1.8M
AUTO REPAIR, GARAGE
Est. value
$1.8M
COMMERCIAL (GENERAL)
Est. value
$1.7M
RETAIL STORES Current
RESTAURANT
WAREHOUSE, STORAGE
INDUSTRIAL (GENERAL)
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
2008
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Current owner
From public records · entity-resolved
Newcomb V LLC
Entity
Free & Clear · 12 yrs held
Mailing address
1805 ZENITH DR, SIOUX CITY, IA 51103-5208
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 19, 2021
—
Newcomb V LLC
—
Deed
related
$265,000 · First State Bank & Trust
Mar 5, 2014
—
Newcomb V LLC
Richard A Whitcomb
Condominium Deed
—
Jan 22, 2014
—
Richard A Whitcomb
K2 Properties Ofh LLC
Correction Deed
related
—
Dec 27, 2013
—
Newcomb V LLC
Richard A Whitcomb
Warranty Deed
—
Oct 7, 2010
$1,260,000
K2 Properties Ofh LLC
Plestar Gothenburg Ll
Warranty Deed
$850,000 · Nebraska State Bank & Trust Co
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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