Multi-Tenant Office Investment
For Sale
Contact for pricing
121 & 125 E 31st Street, Kearney, NE 68847
Professional office building with two multiple-year leases, tenant-paid internal utilities, and three private parking lots.
Property SizeContact for details
Days on Market50
Property Features for 121 & 125 E 31st Street
General Information
Standard status
Active
Class
B
Total Parking Spaces
50
Property subtype
Office, Industrial
Zoning
C-O
Occupancy
100%
Lease Type
Gross
Additional Details
Cap Rate
6.02%
Building Details
Stories
1
Tenancy
Multi
Listing Agency:
Century 21 Commercial Midlands
Listed By:
Brandon Benitz · License #NE
Source:
Crexi
Added: Jul 13
Changed: Aug 22
Last Checked: Aug 31 at 4:23AM
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 Century 21 Commercial Midlands
Investment Insights
Based on property information with market context.
This professional office building offers income from two multiple-year leases. Tenancies include a pediatric dentistry and an insurance brokerage. The asset has been professionally managed for many years, and it includes tenant responsibility for internal utilities.
The property is described as being two blocks from CHI Health/Good Samaritan Hospital, and it features a dedicated monument sign along 31st Street. It also includes three private parking lots for tenant and visitor parking.
For investors, the offering is presented as management-light ownership, with additional financial details available through full due diligence, including property management annual income and expense statements.
The property is described as being two blocks from CHI Health/Good Samaritan Hospital, and it features a dedicated monument sign along 31st Street. It also includes three private parking lots for tenant and visitor parking.
For investors, the offering is presented as management-light ownership, with additional financial details available through full due diligence, including property management annual income and expense statements.
Key Highlights
- Professional office building secured by 2 multiple‑year leases with regular rent increases
- Two tenants: pediatric dentistry and an insurance brokerage
- Current cap rate of 6.02%; pro‑forma cap rate of 6.83% if self‑managed
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,398
Businesses Nearby
Explore this area
Business Placement
Demographics for 68847, NE
18,458
Population
7,751
Households
2.4
Avg Household Size
37
Median Age
35%
College-Educated
94%
High-School Grad
109.6 sq mi
ZIP Area
168
Density / Sq Mi
$74,877
Median Household Income
$41,263
Median Earnings
$951
Median Rent
$229,200
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Professional office building with two multiple-year leases, tenant-paid internal utilities, and three private parking lots.
Where is this office building located?
The property is located at 121 & 125 E 31st Street Kearney, NE.
What is the asking price?
The asking price for this property is $879,900.
What are key features of this property?
This property features: Professional office building secured by 2 multiple‑year leases with regular rent increases; Two tenants: pediatric dentistry and an insurance brokerage; Current cap rate of 6.02%; pro‑forma cap rate of 6.83% if self‑managed
