Flexible Office
For Sale
$369,900
3811 Central Avenue Unit E, Kearney, NE 68847
Commercial suite with private offices, kitchenette, restroom, and interior walls that can be reconfigured.
Property Size2,280 SF
Price / SF$162.24
Days on Market37
Property Features for 3811 Central Avenue Unit E
General Information
Standard status
Active
Size
2,280 SF
Property subtype
Commercial/industrial
Listing Agency:
NP Realty, Inc.
(308) 224-9082
Listed By:
Trevor Payne
(308) 224-9082
Source:
Brandonyaw
Added: Jul 26
Changed: Aug 31
Last Checked: Aug 31 at 3:13AM
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 NP Realty, Inc.
Investment Insights
Based on property information with market context.
This 2,280-square-foot office unit offers a practical existing layout with two private offices, a break area featuring a kitchenette, and one restroom. Interior partitions are non-load-bearing, allowing the space to be rearranged as operational needs change.
The property is positioned in northeast Kearney’s established business district, with visibility from 39th Street. Surrounding uses include professional and medical offices, supporting a setting suited to office, medical, retail, or service-oriented operations.
The property is positioned in northeast Kearney’s established business district, with visibility from 39th Street. Surrounding uses include professional and medical offices, supporting a setting suited to office, medical, retail, or service-oriented operations.
Key Highlights
- 2,280‑square‑foot office unit
- Two private offices, break room with kitchenette, and restroom
- Non‑load‑bearing interior walls support future reconfiguration
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
$20,721
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
5.60%
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%
$414,420
$414.4K
Cap Rate 7%
$296,014
$296.0K
Cap Rate 9%
$230,233
$230.2K
Market Conditions
NOI Build-Up for 2,280 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
$30.1K $13.20/SF
− Vacancy
−$2.5K −$1.08/SF
EGI
$27.6K $12.12/SF
− OpEx
−$6.9K −$3.03/SF
NOI
$20.7K $9.09/SF
Area
Buffalo County, NE
Vacancy
8.20%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
25.00%
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%
$414,420
Cap Rate 7%
$296,014
Cap Rate 9%
$230,233
Alternative Uses
Best Use
Office B
$296.0K
$259.0K – $345.4K
NOI $20,721 @ 7.0% cap · market cap 5.60%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$427.9K
$374.5K – $499.3K
NOI $29,956 @ 7.0% cap · market cap 8.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,095
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 units - Commercial suite with private offices, kitchenette, restroom, and interior walls that can be reconfigured.
Where is this office units located?
The property is located at 3811 Central Avenue Unit E Kearney, NE.
What is the asking price?
The asking price for this property is $369,900.
What are key features of this property?
This property features: 2,280‑square‑foot office unit; Two private offices, break room with kitchenette, and restroom; Non‑load‑bearing interior walls support future reconfiguration
