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    Property profile & analytics

    724 2nd St Grand Island, NE 68801-5816

    • Retail space
    • 1,232 SF
    • 0.13 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Jun 30, 2023
    Location Intelligence
    Property ID
    US57-0347029
    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

    • African Mart / Grocery Store

    Property Details for 724 2nd St

    Year built
    1954
    Lot size
    0.13 lot acres
    Property size
    1,232 SF
    Zone code
    03-COMMERCIAL
    Property type
    Retail space
    APN
    400081229
    APU
    400081229

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Grand Island
    County
    Hall
    State
    Nebraska
    Longitude
    -98.3469
    Latitude
    40.9221
    CBSA code
    24260
    CBSA name
    GRAND ISLAND, NE MICROPOLITAN STATISTICAL AREA

    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
    2022
    $1,143
    $21,780
    $40,727
    $62,507
    -
    $21,780
    $40,727
    $62,507

    Comparable in this City

    • Value Estimation by Request
      3,000 SF

      4704 Gold Core Rd

      RETAIL STORES (PERSONAL SERVICES) • 3,000 SF
      4704 Gold Core Rd, Grand Island, NE 68801-8917
      View Details
    • Value Estimation by Request
      8,460 SF

      201 3rd St

      RETAIL STORES (PERSONAL SERVICES) • 8,460 SF
      201 3rd St, Grand Island, NE 68801-5915
      View Details
    • Value Estimation
      $255,000
      2,263 SF

      1103 Locust St

      RETAIL STORES (PERSONAL SERVICES) • 2,263 SF
      1103 Locust St, Grand Island, NE 68801-6771
      View Details
    • Value Estimation by Request
      333 SF

      414 4th St

      RETAIL STORES (PERSONAL SERVICES) • 333 SF
      414 4th St, Grand Island, NE 68801-4504
      View Details
    • Value Estimation
      $235,000
      11,216 SF

      315 3rd St

      RETAIL STORES (PERSONAL SERVICES) • 11,216 SF
      315 3rd St, Grand Island, NE 68801-5940
      View Details
    • Value Estimation
      $285,000
      8,580 SF

      319 3rd St

      RETAIL STORES (PERSONAL SERVICES) • 8,580 SF
      319 3rd St, Grand Island, NE 68801-5940
      View Details

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    724 2nd St
    Grand Island, NE 68801-5816
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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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