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Property profile & analytics
OFF-MARKET
Estimated value
$700,000
Office buildings
724 Central Ave Nebraska City, NE 68410-2451
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US57-0747679
Property summary
AI-generated overview
This beautifully updated, single-tenant office building at 724 Central Avenue in Nebraska City, Nebraska, offers 2,544 square feet of versatile space. Built in 1900, this one-story building boasts a unique character and modern amenities. The layout includes five private offices, a distinctive conference room ideal for client meetings or collaborative work, and a well-equipped kitchenette with ample storage. The property is conveniently located in the heart of downtown Nebraska City, offering easy access to local businesses and amenities. Ten on-site parking spaces are available for tenants and their clients. The building does not have an elevator. The monthly rent is $1,500. This exceptional property is perfect for a business seeking a prestigious and functional office space in a thriving community. The property is located in Otoe County, Nebraska, and has a zip code of 68410. The building is classified as both Executive and Traditional Office space. This is a single-tenant occupancy opportunity.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1900
Total area
14,112 SF
Lot
0.13 ac (5,760 SF)
Zoning code
COMMERCIAL
APN
1799000
UPID
US57-0747679
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
-
ChargePoint Charging Station Electric Vehicle Charging Station
-
Omni Title Services Title Company
-
Public Restrooms Public Bathroom
-
TheBase Bank Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$700k
Owner & transaction history
Jerico Investments LLC · 6 yrs held
Jerico Investments LLC
since 2020
1 recorded transaction
Zoning & alternative use
COMMERCIAL · Nebraska City, 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 Nebraska City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Nebraska City 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
$50 / 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
$3,074
Tax year 2023
Assessed value
$143,476
Assessed 2023
Previous assessed
$121,660
+17.9% YoY
Effective rate
2.14%
On assessed value
Assessed land
$12,580
Assessed improvement
$130,896
Land market value
$12,580
Improvement market value
$130,896
Total market value
$143,476
Applied tax rate
20.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1900
Buildings
2
Stories
2
Total area
14,112 SF
Lot
0.13 ac (5,760 SF)
Zoning code
COMMERCIAL
APN
1799000
UPID
US57-0747679
Jurisdiction
OTOE
Zoning & alternative use
COMMERCIAL · Nebraska City, NE
Zoning COMMERCIAL · permitted uses
COMMERCIAL · Nebraska City, NE
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Nebraska City. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1900
Stories
2
Buildings
2
Lot
0.13 ac
Current owner
From public records · entity-resolved
Jerico Investments LLC
Entity
Mailing address
720 CENTRAL AVE, NEBRASKA CITY, NE 68410-2451
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 26, 2020
—
Jerico Investments LLC
—
Deed
related
$150,000 · Commercial State Bank (andrews Tx)
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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