Building Details

Year Built 1978

Buildings 1

Stories 1

Listing Agency: Ross Realty, Inc

Listed By: Scott Ratliff · License #20010101

Source: Crexi

Added: Mar 9 Changed: Aug 8 Last Checked: Aug 26 at 9:40PM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Ross Realty, Inc

Investment Insights

Based on property information with market context.

This retail property, comprising 1728 square feet, presents opportunities for profit centers and growth. The convenience store includes a grill and two gas dispensers.

Key Highlights

• Opportunity for profit centers and growth
• Includes a convenience store
• Features a grill with opportunities

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

$22,652

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

7.68%

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%

$453,040 $453.0K

Cap Rate 7%

$323,600 $323.6K

Cap Rate 9%

$251,689 $251.7K

Market Conditions

NOI Build-Up for 1,728 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

$31.7K $18.36/SF

− Vacancy

−$1.5K −$0.88/SF

EGI

$30.2K $17.48/SF

− OpEx

−$7.6K −$4.37/SF

NOI

$22.7K $13.11/SF

Area

Hall County, NE

Vacancy

4.80%

Lease Rate

$18.36 /SF/Yr

Expense Ratio

25.00%

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%

$453,040

Cap Rate 7%

$323,600

Cap Rate 9%

$251,689

Alternative Uses

Best Use

Specialty Retail

$323.6K

$283.2K – $377.5K (±1% cap)

NOI $22,652 @ 7.0% cap · market cap 7.68%

Second Best

Retail

$302.0K

$264.3K – $352.4K (±1% cap)

NOI $21,142 @ 7.0% cap · market cap 7.17%

Theoretical Best

Office A

$432.5K

$378.4K – $504.5K (±1% cap)

NOI $30,272 @ 7.0% cap · market cap 10.26%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Alda Grill & Grocery Bar & Pub

Suggested Use

Top Pick Building Supply Veterinary Clinic Restaurant Big Box & Wholesale Store Storage Facility Bar & Pub

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

63

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 68810, NE

1,101

Population

366

Households

3

Avg Household Size

35

Median Age

12%

College-Educated

77%

High-School Grad

21.2 sq mi

ZIP Area

52

Density / Sq Mi

$53,000

Median Household Income

$24,191

Median Earnings

$955

Median Rent

$127,500

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Questions? Ask Rey

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What type of property is this? Where is this grocery and convenience stores located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Grocery and convenience store - Retail store with grill and gas dispensers, growth opportunities.

Where is this grocery and convenience store located?

The property is located at 106 E Front St Alda, NE.

What is the asking price?

The asking price for this property is $295,000.

What are key features of this property?

This property features: Opportunity for profit centers and growth; Includes a convenience store; Features a grill with opportunities