New search
Property profile & analytics
OFF-MARKET
Estimated value
$1,055,000
Warehouses
809 Thurston Ave, Bellevue, NE 68123
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US57-0163874
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1981
Construction
FRAME
Total area
11,600 SF
Lot
1.85 ac (80,540 SF)
Zoning code
1
APN
11167866
UPID
US57-0163874
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
by Request
Comparable Approach
Comparable
$1.34M
Blend (final)
Blend
$1.06M
Owner & transaction history
Gcp Investments LLC · 13 yrs held
Gcp Investments LLC
since 2012
7 recorded transactions
Zoning & alternative use
1 · Bellevue, NE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.6M
+5.2%
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 Bellevue submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bellevue 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
WAREHOUSE, STORAGE
$1,485,000
Current use
RETAIL STORES
$1,560,000
Change: +5% · Conversion: Moderate
Blend value · Realmo final
$1.06M
Range $950k – $1.16M · ±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
$91 / 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
$16,913
Tax year 2023
Assessed value
$800,959
Assessed 2023
Previous assessed
$800,959
+0.0% YoY
Effective rate
2.11%
On assessed value
Assessed land
$241,620
Assessed improvement
$559,339
Land market value
$241,620
Improvement market value
$559,339
Total market value
$800,959
Applied tax rate
10,002.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1981
Construction
FRAME
Heating
NONE
Buildings
6
Stories
1
Units
116
Total area
11,600 SF
Lot
1.85 ac (80,540 SF)
Zoning code
1
APN
11167866
UPID
US57-0163874
Jurisdiction
SARPY
Zoning & alternative use
1 · Bellevue, NE
Zoning 1 · permitted uses
1 · Bellevue, NE
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bellevue. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.5M
RETAIL STORES
Est. value
$1.6M
WAREHOUSE, STORAGE Current
RETAIL STORES
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
1981
Construction
FRAME
Heating
NONE
Stories
1
Buildings
6
Units
116
Lot
1.85 ac
Current owner
From public records · entity-resolved
Gcp Investments LLC
Entity
Mailing address
12627 S 79TH AVE, PAPILLION, NE 68046-4691
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 17, 2025
—
Gcp Investments LLC
—
Deed
related
$660,000 · Cobalt Cu
Sep 15, 2020
—
Gcp Investments LLC
—
Deed
related
$1,356,078 · Cobalt Cu
Sep 13, 2012
$1,480,000
Gcp Investments LLC
Sigman,thomas E & Donna M
Grant Deed
$1,184,000 · Sac FCU
—
—
Thomas E Sigman
—
Deed Of Trust
related
$650,000 · American National Bank & Trust
—
—
Thomas E Sigman
—
Deed Of Trust
related
$168,278 · American National Bank & Trust
—
—
Thomas E Sigman
—
Deed Of Trust
related
$881,531 · American National Bank & Trust
—
—
Gcp Investments LLC
—
Deed Of Trust
related
$1,356,078 · Cobalt Cu
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 809 Thurston Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
