Building Details

Buildings 2

Listing Agency: NHS Commercial

Listed By: Savannah Horak · License #NE 20170671

Source: Crexi

Added: Jul 2, 2024 Changed: Oct 2 Last Checked: Oct 16 at 7:17AM

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Investment Insights

Based on property information with market context.

This commercial property features two buildings and a parking lot. Situated in a high-traffic area, it offers visibility and accessibility. The location is adjacent to the newly constructed four lanes of Highway 75, with traffic from Rock Bluff Road to the neighboring Beaver Lake community. New home construction in the area has been unable to meet demand. The property offers opportunities to complement existing businesses. Potential business uses include retail, medical, dental, veterinary services, landscaping, construction, recreational sales, and daycare. The property could also be used for rental income generation, with the southern parcel utilized for storage needs for construction or building companies. The outbuilding provides practical storage, and there is green space for storage or expansion on the southern portion of the parcel. The property size is 4272 square feet.

Key Highlights

• High‑traffic location adjacent to newly constructed Highway 75 with excellent visibility.
• Unique opportunity as the first commercial building off Hwy 75 in the area to be on the market in many years.
• Two spacious buildings and a well‑maintained parking lot suitable for various business ventures.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$70,620

Cap Rate

7.43%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,412,400 $1.4M

Cap Rate 7%

$1,008,857 $1.0M

Cap Rate 9%

$784,667 $784.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,272 SF

Gross rent

$102.0K $23.88/SF

− Vacancy

−$7.9K −$1.84/SF

EGI

$94.2K $22.04/SF

− OpEx

−$23.5K −$5.51/SF

NOI

$70.6K $16.53/SF

Area

Cass County, NE

Vacancy

7.70%

Lease Rate

$23.88 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,412,400

Cap Rate 7%

$1,008,857

Cap Rate 9%

$784,667

Alternative Uses

Best Use

Office B

$1.01M

$882.8K – $1.18M (±1% cap)

NOI $70,620 @ 7.0% cap · market cap 7.43%

Second Best

Mixed Use

$762.1K

$666.8K – $889.1K (±1% cap)

NOI $53,347 @ 7.0% cap · market cap 5.62%

Theoretical Best

Office A

$1.12M

$982.0K – $1.31M (±1% cap)

NOI $78,560 @ 7.0% cap · market cap 8.27%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Day care centers

Suggested Use

Top Pick Building Supply Restaurant (Bike/Boat/Book/etc) Store Nail Salon Spa & Massage Center Hair Salon

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

28

Businesses Nearby

Explore this area Business Placement

Demographics for 68048, NE

12,991

Population

5,644

Households

2.3

Avg Household Size

43

Median Age

31%

College-Educated

96%

High-School Grad

94.4 sq mi

ZIP Area

138

Density / Sq Mi

$85,083

Median Household Income

$49,382

Median Earnings

$959

Median Rent

$256,200

Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019

15.6% 2020

17.1% 2021

18.9% 2022

21% 2023

22% 2024

21.3% 2025

Frequently Asked Questions

What type of property is this?

Mixed-use property - Versatile commercial property in high-traffic area, suitable for various businesses.

Where is this mixed-use property located?

The property is located at 113 Rock Bluff Road Plattsmouth, NE.

What is the asking price?

The asking price for this property is $950,000.

What are key features of this property?

This property features: High‑traffic location adjacent to newly constructed Highway 75 with excellent visibility.; Unique opportunity as the first commercial building off Hwy 75 in the area to be on the market in many years.; Two spacious buildings and a well‑maintained parking lot suitable for various business ventures.