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Property profile & analytics
OFF-MARKET
Estimated value
$5,830,000
Grocery and convenience stores
840 23rd St, Fremont, NE 68025-2445
Entity Owned
Absentee Owner
Free & Clear
Property ID
US57-0796312
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2004
Total area
59,225 SF
Lot
5.41 ac (235,660 SF)
Zoning code
COMMERCIAL
APN
270138701
UPID
US57-0796312
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
-
Hy-Vee Pharmacy Pharmacy
-
US Post Office Post Office
-
Starbucks Cafe & Coffee Shop
-
Hy-Vee Chinese Restaurant
-
Western Union Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.30M
Blend (final)
Blend
$5.83M
Owner & transaction history
FREMONT MALL LLC HYVEE
FREMONT MALL LLC HYVEE
Zoning & alternative use
COMMERCIAL · Fremont, NE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$6.8M
+91.4%
Restaurant
$5.9M
+66.1%
Commercial (general)
$5.9M
+64.5%
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 Fremont submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fremont 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
RETAIL STORES
$3,575,000
Current use
OFFICE BUILDING
$6,845,000
Change: +91% · Conversion: Easy
RESTAURANT
$5,945,000
Change: +66% · Conversion: Easy
COMMERCIAL (GENERAL)
$5,885,000
Change: +64% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$4,975,000
Change: +39% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,555,000
Change: +27% · Conversion: Difficult
MEDICAL BUILDING
$4,375,000
Change: +22% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$3,765,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$5.83M
Range $5.25M – $6.41M · ±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
$98 / 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
$80,542
Tax year 2023
Assessed value
$4,768,644
Assessed 2023
Previous assessed
$4,768,644
+0.0% YoY
Effective rate
1.69%
On assessed value
Assessed land
$733,789
Assessed improvement
$4,034,855
Land market value
$733,789
Improvement market value
$4,034,855
Total market value
$4,768,644
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2004
Stories
1
Total area
59,225 SF
Lot
5.41 ac (235,660 SF)
Zoning code
COMMERCIAL
APN
270138701
UPID
US57-0796312
Jurisdiction
DODGE
Zoning & alternative use
COMMERCIAL · Fremont, NE
Zoning COMMERCIAL · permitted uses
COMMERCIAL · Fremont, NE
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fremont. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$3.6M
OFFICE BUILDING
Est. value
$6.8M
RESTAURANT
Est. value
$5.9M
COMMERCIAL (GENERAL)
Est. value
$5.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.0M
AUTO REPAIR, GARAGE
Est. value
$4.6M
MEDICAL BUILDING
Est. value
$4.4M
INDUSTRIAL (GENERAL)
Est. value
$3.8M
RETAIL STORES Current
OFFICE BUILDING
RESTAURANT
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
2004
Stories
1
Lot
5.41 ac
Current owner
From public records · entity-resolved
FREMONT MALL LLC HYVEE
Entity
Free & Clear · 0 yrs held
Mailing address
5820 WESTOWN PKWY, WEST DES MOINES, IA 50266-8223
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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