Updated Ranch
New
For Sale
$325,000
109 N Adams Street, Weeping Water, NE 68463
RESIDENTIAL, 1.0 Story/Ranch, Weeping Water, NE
Property Size2,557 SF
Lot Size0.34 Acres
Price / SF$127.10
Days on Market6
Property Features for 109 N Adams Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 2, Bathroom 1, Bedroom 3, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 4
Parking features
Garage - Attached
Patio and Porch features
Patio
Interior features
Cable Available, Ceiling Fan, Garage Door Opener, Zero Step Entry
Exterior features
Accessible, Patio
Appliances
Dishwasher, Range, Refrigerator
Subdivision
Hoppers 1st
Elementary school
Weeping Water
Middle school
Weeping Water
High school
Weeping Water
Elementary school district
Weeping Water
Middle school district
Weeping Water
High school district
Weeping Water
Directions
Turn east onto Highway 13K Spur and follow it into Weeping Water. Continue onto South East Street. Turn east onto East Eldora Avenue. Turn north onto North Adams Street. The destination will be along N Adams St
Standard status
Active
APN
130303593
Size
2,557 SF
Lot size
0.34 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Subdivision Hoppers 1st Sub Lot 5
Tax Annual Amount
5305
Legal Description
Subdivision Hoppers 1st Sub Lot 5
Utilities
Utilities
Cable Available
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1995
Floors in Building
1
Flooring type
Carpet
Roof type
Composition
Architectural style
Ranch
Listing Agency:
Nebraska Realty
(402) 413-8000
Listed By:
Corey Palmer
(402) 760-2698
Added: Sep 9
Changed: Sep 13
Last Checked: Sep 14 at 8:06AM
MLS# 22626208
Copyright © 2026 Great Plains Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,557-square-foot duplex sits on a 0.34-acre lot and was built in 1995 with a ranch-style layout. The property includes four bedrooms, four bathrooms, an attached garage, patio, and accessible zero-step entry. Interior features include carpet flooring, ceiling fans, a garage door opener, cable availability, and forced-air heating with central air conditioning.
Recent property improvements include a roof with Class 4 impact-resistant shingles, new carpet, and new air conditioning units. The kitchen is equipped with a dishwasher, range, and refrigerator. The property is located in Weeping Water, Nebraska, and is currently not available for showings.
Recent property improvements include a roof with Class 4 impact-resistant shingles, new carpet, and new air conditioning units. The kitchen is equipped with a dishwasher, range, and refrigerator. The property is located in Weeping Water, Nebraska, and is currently not available for showings.
Key Highlights
- 2,557‑square‑foot duplex on a 0.34‑acre lot
- Four bedrooms and four bathrooms
- 1995 ranch‑style construction
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$29,120
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.96%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$582,400
$582.4K
Cap Rate 7%
$416,000
$416.0K
Cap Rate 9%
$323,556
$323.6K
Market Conditions
NOI Build-Up for 2,557 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$44.5K $17.40/SF
− Vacancy
−$2.9K −$1.13/SF
EGI
$41.6K $16.27/SF
− OpEx
−$12.5K −$4.88/SF
NOI
$29.1K $11.39/SF
Area
Cass County, NE
Vacancy
6.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$582,400
Cap Rate 7%
$416,000
Cap Rate 9%
$323,556
Alternative Uses
Best Use
Multifamily LT 5
$416.0K
$364.0K – $485.3K
NOI $29,120 @ 7.0% cap · market cap 8.96%
Second Best
Apartment 5plus
$370.7K
$324.4K – $432.5K
NOI $25,952 @ 7.0% cap · market cap 7.99%
Theoretical Best
Office A
$671.7K
$587.8K – $783.7K
NOI $47,022 @ 7.0% cap · market cap 14.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
108
Businesses Nearby
Explore this area
Business Placement
Demographics for 68463, NE
1,488
Population
663
Households
2.2
Avg Household Size
44
Median Age
23%
College-Educated
95%
High-School Grad
57.9 sq mi
ZIP Area
26
Density / Sq Mi
$75,833
Median Household Income
$42,393
Median Earnings
$886
Median Rent
$207,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Single-story duplex with four bedrooms, four bathrooms, an attached garage, patio, and zero-step entry.
Where is this duplex located?
The property is located at 109 N Adams Street Weeping Water, NE.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: 2,557‑square‑foot duplex on a 0.34‑acre lot; Four bedrooms and four bathrooms; 1995 ranch‑style construction
