New Blair Triplex For
For Sale
Contact for pricing
1307 Grant St, Blair, NE 68008
New construction triplex with modern finishes and functional layout.
Property Size3,210 SF
Price / SF$268.69
Days on Market150
Property Features for 1307 Grant St
General Information
Standard status
Active
Size
3,210 SF
Property subtype
Multifamily
Zoning
Residential
Investment Type
Owner/User
Building Details
Year Built
2026
Buildings
1
Stories
1
Units
3
Listing Agency:
Nebraska Realty
(402) 510-2008
Listed By:
Samantha Wehrli · License #20210645
Source:
Crexi
Added: Mar 21
Changed: Aug 8
Last Checked: Aug 8 at 6:35AM
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 Nebraska Realty
Investment Insights
Based on property information with market context.
This is a newly constructed triplex located in Blair. Each of the three units features two bedrooms and one bathroom. Interior finishes include cabinetry and quartz countertops. The layout incorporates a full basement and a one-car garage for each unit. Exterior features include underground sprinklers and newly installed sod. The property offers curb appeal and low-maintenance living.
Key Highlights
- Brand new construction triplex (2026)
- Each unit has 2 bedrooms and 1 bathroom
- Quartz countertops and beautiful cabinetry in each unit
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
$36,556
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
4.24%
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%
$731,120
$731.1K
Cap Rate 7%
$522,229
$522.2K
Cap Rate 9%
$406,178
$406.2K
Market Conditions
NOI Build-Up for 3,210 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
$55.9K $17.40/SF
− Vacancy
−$3.6K −$1.13/SF
EGI
$52.2K $16.27/SF
− OpEx
−$15.7K −$4.88/SF
NOI
$36.6K $11.39/SF
Area
Washington 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%
$731,120
Cap Rate 7%
$522,229
Cap Rate 9%
$406,178
Alternative Uses
Best Use
Multifamily LT 5
$522.2K
$457.0K – $609.3K
NOI $36,556 @ 7.0% cap · market cap 4.24%
Second Best
Apartment 5plus
$465.4K
$407.3K – $543.0K
NOI $32,580 @ 7.0% cap · market cap 3.78%
Theoretical Best
Office A
$843.3K
$737.9K – $983.8K
NOI $59,030 @ 7.0% cap · market cap 6.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
437
Businesses Nearby
Explore this area
Business Placement
Demographics for 68008, NE
12,597
Population
5,289
Households
2.4
Avg Household Size
42
Median Age
39%
College-Educated
97%
High-School Grad
124.0 sq mi
ZIP Area
102
Density / Sq Mi
$86,905
Median Household Income
$54,588
Median Earnings
$933
Median Rent
$254,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - New construction triplex with modern finishes and functional layout.
Where is this triplex located?
The property is located at 1307 Grant St Blair, NE.
What is the asking price?
The asking price for this property is $862,500.
What are key features of this property?
This property features: Brand new construction triplex (2026); Each unit has 2 bedrooms and 1 bathroom; Quartz countertops and beautiful cabinetry in each unit
