Building Details

Year Built 1995

Listing Agency: Nebraska Realty Show Phone

Listed By: The Ignite Team Show Phone

Source: Theigniteteam

Added: Sep 19 Changed: Sep 26 Last Checked: Sep 26 at 7:10AM

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Investment Insights

Based on property information with market context.

This duplex property offers 2,557 square feet of building area and was constructed in 1995. Recent improvements include a new roof finished with Class 4 impact-resistant shingles, new carpet, and new air conditioning units. These updates address major building components and interior finish elements for the next owner.

The property is located at 109 N Adams Street in Weeping Water, Nebraska, within ZIP Code 68463. Its two-unit configuration supports residential use and provides a clear fit for an owner seeking a duplex property.

Key Highlights

• 2,557‑square‑foot duplex property
• Built in 1995
• New roof with Class 4 impact‑resistant shingles

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 (±1% cap)

NOI $29,120 @ 7.0% cap · market cap 8.96%

Second Best

Apartment 5plus

$370.7K

$324.4K – $432.5K (±1% cap)

NOI $25,952 @ 7.0% cap · market cap 7.99%

Theoretical Best

Office A

$671.7K

$587.8K – $783.7K (±1% cap)

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

Duplexes

Suggested Use

Top Pick Garden Center (Bike/Boat/Book/etc) Store Big Box & Wholesale Store Auto Repair Shop Nail Salon Law Firm

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

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

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Questions? Ask Rey

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What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Duplex - Built in 1995 with a new roof, new carpet, and new air conditioning units.

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 property; Built in 1995; New roof with Class 4 impact‑resistant shingles