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Property profile & analytics
OFF-MARKET
Estimated value
$860,000
Warehouses
7701 Hwy 50 Weeping Water, NE 68463-1817
Entity Owned
10-yr Hold
Free & Clear
Property ID
US57-0411863
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2017
Total area
6,930 SF
Lot
5.14 ac (223,898 SF)
Zoning code
03-COMMERCIAL
APN
130311278
UPID
US57-0411863
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$905k
Comparable Approach
Comparable
$813k
Blend (final)
Blend
$860k
Owner & transaction history
Highway 50 Storage LLC · 10 yrs held
Highway 50 Storage LLC
since 2015
1 recorded transaction
Zoning & alternative use
03-COMMERCIAL · Weeping Water, NE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
TABLE OF CONTENTS
Top alternative use upside
Office building
$1.3M
+121.2%
Commercial (general)
$805,000
+41.8%
Retail stores
$800,000
+40.6%
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 Weeping Water submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Weeping Water 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%
$980,000
6.5%
$905,000
7%
$840,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$570,000
Current use
OFFICE BUILDING
$1,255,000
Change: +121% · Conversion: Difficult
COMMERCIAL (GENERAL)
$805,000
Change: +42% · Conversion: Difficult
RETAIL STORES
$800,000
Change: +41% · Conversion: Moderate
RESTAURANT
$770,000
Change: +36% · Conversion: Difficult
AUTO REPAIR, GARAGE
$670,000
Change: +18% · Conversion: Easy
INDUSTRIAL (GENERAL)
$550,000
Change: -4% · Conversion: Easy
Blend value · Realmo final
$860k
Range $774k – $946k · ±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
$124 / 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
$9,208
Tax year 2023
Assessed value
$573,770
Assessed 2023
Previous assessed
$573,770
+0.0% YoY
Effective rate
1.60%
On assessed value
Assessed land
$90,945
Assessed improvement
$482,825
Land market value
$90,945
Improvement market value
$482,825
Total market value
$573,770
Applied tax rate
206.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2017
Heating
NONE
Buildings
5
Total area
6,930 SF
Lot
5.14 ac (223,898 SF)
Zoning code
03-COMMERCIAL
APN
130311278
UPID
US57-0411863
Jurisdiction
CASS
Zoning & alternative use
03-COMMERCIAL · Weeping Water, NEZoning 03-COMMERCIAL · permitted uses
03-COMMERCIAL · Weeping Water, NE
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
TABLE OF CONTENTS
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$570,000
OFFICE BUILDING
Est. value
$1.3M
COMMERCIAL (GENERAL)
Est. value
$805,000
RETAIL STORES
Est. value
$800,000
RESTAURANT
Est. value
$770,000
AUTO REPAIR, GARAGE
Est. value
$670,000
INDUSTRIAL (GENERAL)
Est. value
$550,000
WAREHOUSE, STORAGE Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
RESTAURANT
AUTO REPAIR, GARAGE
INDUSTRIAL (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
2017
Heating
NONE
Buildings
5
Lot
5.14 ac
Current owner
From public records · entity-resolved
Highway 50 Storage LLC
Entity
Free & Clear · 10 yrs held
Mailing address
PO BOX 597, ELKHORN, NE 68022-0597
Ownership since
2015
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
Dec 4, 2015
$450,000
Highway 50 Storage LLC
Wallace D Switzer
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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