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Property profile & analytics
OFF-MARKET
Estimated value
$1,540,000
Manufacturing properties
Blair, NE 68008
Entity Owned
7-yr Hold
Absentee Owner
Free & Clear
Property ID
US57-0291570
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2008
Total area
15,000 SF
Lot
2.48 ac (108,029 SF)
Zoning code
03-COMMERCIAL
APN
890041524
UPID
US57-0291570
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
$1.72M
Blend (final)
Blend
$1.54M
Owner & transaction history
Kelly Ryane Equipment Co · 7 yrs held
Kelly Ryane Equipment Co
since 2018
6 recorded transactions
Zoning & alternative use
03-COMMERCIAL · Blair, NE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.2M
+99.3%
Retail stores
$1.5M
+36.3%
Restaurant
$1.5M
+35.8%
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 Blair submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Blair 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
INDUSTRIAL (GENERAL)
$1,095,000
Current use
OFFICE BUILDING
$2,185,000
Change: +99% · Conversion: Difficult
RETAIL STORES
$1,495,000
Change: +36% · Conversion: Moderate
RESTAURANT
$1,490,000
Change: +36% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,455,000
Change: +33% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,010,000
Change: -8% · Conversion: Easy
Blend value · Realmo final
$1.54M
Range $1.39M – $1.69M · ±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
$103 / 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
$24,541
Tax year 2023
Assessed value
$1,575,725
Assessed 2023
Previous assessed
$1,503,040
+4.8% YoY
Effective rate
1.56%
On assessed value
Assessed land
$70,220
Assessed improvement
$1,505,505
Land market value
$70,220
Improvement market value
$1,505,505
Total market value
$1,575,725
Applied tax rate
208.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
2008
Heating
RADIANT
Cooling
YES
Buildings
4
Stories
1
Total area
15,000 SF
Lot
2.48 ac (108,029 SF)
Zoning code
03-COMMERCIAL
APN
890041524
UPID
US57-0291570
Jurisdiction
WASHINGTON
Zoning & alternative use
03-COMMERCIAL · Blair, NE
Zoning 03-COMMERCIAL · permitted uses
03-COMMERCIAL · Blair, NE
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Blair. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$1.1M
OFFICE BUILDING
Est. value
$2.2M
RETAIL STORES
Est. value
$1.5M
RESTAURANT
Est. value
$1.5M
COMMERCIAL (GENERAL)
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$1.0M
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
RETAIL STORES
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
2008
Heating
RADIANT
Cooling
Yes
Stories
1
Buildings
4
Lot
2.48 ac
Current owner
From public records · entity-resolved
Kelly Ryane Equipment Co
Entity
Free & Clear · 7 yrs held
Mailing address
900 KELLY RYAN DR, BLAIR, NE 68008
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 12, 2018
—
Jpr Investments I LLC
—
Deed
related
$911,954 · Mutual/omaha Bk
Sep 10, 2018
—
Kelly Ryane Equipment Co
Kelly Ryan Equipment Co
Quit Claim Deed
related
—
Feb 2, 2012
—
Kelly Ryan Equipment Co
Greater Blair Corp
Quit Claim Deed
related
—
—
—
Jpr Investments I LLC
—
Loan Modification
related
$911,954 · Mutual/omaha Bk
—
—
Jpr Investments I LP
—
Deed Of Trust
related
$550,000 · Mutual Of Omaha Bank
—
—
Kelly Ryan Equipment Co
—
Deed Of Trust
related
$150,806 · Umb Bank NA
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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