Updated Duplex with Fenced
For Sale
$335,000
15873 Us Hwy 75, Blair, NE 68008
Two refreshed residential units include fenced backyards and substantial recent interior and exterior improvements.
Property Size2,524 SF
Lot Size0.59 Acres
Price / SF$132.73
Days on Market42
Property Features for 15873 Us Hwy 75
General Information
Standard status
Active
Size
2,524 SF
Lot size
0.59 Acres
Property subtype
Multi-Family
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Multifamily Units
2
Amenities
fenced backyards
Building Details
Year Built
1900
Listing Agency:
Nexthome Signature Real Estate
(402) 350-9494
Listed By:
Heidi Cline
(402) 350-9494
Source:
Tenaciousrealty
Added: Jul 19
Changed: Aug 28
Last Checked: Aug 26 at 12:57PM
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 Nexthome Signature Real Estate
Investment Insights
Based on property information with market context.
This 2,524-square-foot duplex was built in 1900 and occupies 0.59 acres. Exterior work includes new siding and windows scheduled for 2026, along with site grading, tree removal, and a white-gravel driveway. Both units have fenced backyards.
Unit 1 is leased through March 2027 and includes new flooring, paint, counters, and appliances. Unit 2 was recently vacated and has received new wall, door, and trim paint, updated flooring, a new refrigerator, new counters, a tile backsplash, and a painted and epoxy-finished basement.
The property is located at 15873 US Hwy 75 in Blair, Nebraska, on the west side of the highway and just north of River Wilds Golf Club. It is identified as an income-producing duplex in Washington County.
Unit 1 is leased through March 2027 and includes new flooring, paint, counters, and appliances. Unit 2 was recently vacated and has received new wall, door, and trim paint, updated flooring, a new refrigerator, new counters, a tile backsplash, and a painted and epoxy-finished basement.
The property is located at 15873 US Hwy 75 in Blair, Nebraska, on the west side of the highway and just north of River Wilds Golf Club. It is identified as an income-producing duplex in Washington County.
Key Highlights
- 2,524‑square‑foot duplex on 0.59 acres
- Unit 1 leased through March 2027
- Unit 2 recently vacated and extensively updated
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
$28,744
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
8.58%
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%
$574,880
$574.9K
Cap Rate 7%
$410,629
$410.6K
Cap Rate 9%
$319,378
$319.4K
Market Conditions
NOI Build-Up for 2,524 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
$43.9K $17.40/SF
− Vacancy
−$2.9K −$1.13/SF
EGI
$41.1K $16.27/SF
− OpEx
−$12.3K −$4.88/SF
NOI
$28.7K $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%
$574,880
Cap Rate 7%
$410,629
Cap Rate 9%
$319,378
Alternative Uses
Best Use
Multifamily LT 5
$410.6K
$359.3K – $479.1K
NOI $28,744 @ 7.0% cap · market cap 8.58%
Second Best
Apartment 5plus
$366.0K
$320.2K – $427.0K
NOI $25,617 @ 7.0% cap · market cap 7.65%
Theoretical Best
Office A
$663.1K
$580.2K – $773.6K
NOI $46,415 @ 7.0% cap · market cap 13.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1
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?
Duplex - Two refreshed residential units include fenced backyards and substantial recent interior and exterior improvements.
Where is this duplex located?
The property is located at 15873 Us Hwy 75 Blair, NE.
What is the asking price?
The asking price for this property is $335,000.
What are key features of this property?
This property features: 2,524‑square‑foot duplex on 0.59 acres; Unit 1 leased through March 2027; Unit 2 recently vacated and extensively updated
