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Property profile & analytics
OFF-MARKET
Estimated value
$575,000
Office Spaces
810 48th St Lincoln, NE 68504-3367
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US57-0229548
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1965
Total area
5,806 SF
Lot
0.32 ac (13,824 SF)
Zoning code
H2
APN
17-20-238-007-000
UPID
US57-0229548
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
-
Marissa S Heuer Physician
-
TV Reception Technologies Inc Telecommunications Service
-
Zager TV Reception Technologies Telecommunications Service
-
MadiHay Custom Blinds (Bike/Boat/Book/etc) Store Home Decor Store
-
402ink (Bike/Boat/Book/etc) Store Printing Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$590k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$751k
Blend (final)
Blend
$575k
Owner & transaction history
Madihay Properties LLC · 5 yrs held
Madihay Properties LLC
since 2021
Last sale
$479,000
7 recorded transactions
Zoning & alternative use
H2 · Lincoln, 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 Lincoln submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lincoln 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
$620,000
ML approach
$590,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$665,000
Current use
Blend value · Realmo final
$575k
Range $518k – $633k · ±10% · vs last sale $479k (May 28 2021)
Last sale anchor
$479k
May 28 2021
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
$99 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$10,002
Tax year 2024
Assessed value
$559,600
Assessed 2024
Previous assessed
$526,700
+6.2% YoY
Effective rate
1.79%
On assessed value
Assessed land
$134,800
Assessed improvement
$424,800
Land market value
$134,800
Improvement market value
$424,800
Total market value
$559,600
Applied tax rate
1.0000
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 Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1965
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
5,806 SF
Lot
0.32 ac (13,824 SF)
Zoning code
H2
APN
17-20-238-007-000
UPID
US57-0229548
Jurisdiction
LANCASTER
Zoning & alternative use
H2 · Lincoln, NE
Zoning H2 · permitted uses
H2 · Lincoln, NE
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lincoln. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$665,000
COMMERCIAL (GENERAL) Current
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
1965
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
0.32 ac
Current owner
From public records · entity-resolved
Madihay Properties LLC
Entity
Mailing address
6701 NORTHFORK CIR, LINCOLN, NE 68516-3576
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
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
May 28, 2021
$479,000
Madihay Properties LLC
Garry L Zager
Warranty Deed
$400,500 · Pinnacle Bank
Nov 20, 2019
—
Garry L Zager
—
Deed
related
$348,000 · Union Bk&tr
Jul 28, 2017
—
Garry L Zager
—
Deed
related
$35,000 · Union Bk&tr
—
—
Garry L Zager
—
Deed Of Trust
related
$10,000 · West Gate Bank
—
—
Garry L Zager
—
Loan Modification
related
$348,000 · Union Bk&tr
—
—
Garry L Zager
—
Loan Modification
related
$38,000 · West Gate Bank
—
—
Garry L Zager
—
Deed Of Trust
related
$35,000 · Union Bk&tr
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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