Building Details

Year Built 1912

Listing Agency: Platinum Realty LLC

Listed By: Chrissy Bushnell Show Phone

Source: Thatcheromaha

Added: Aug 5 Changed: Oct 2 Last Checked: Oct 7 at 1:33PM

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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 Platinum Realty LLC

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Investment Insights

Based on property information with market context.

This 7-unit apartment property was built in 1912 and includes four residences on the ground level and three on the second floor. Unit sizes range from 510 SF to 1310 SF, providing a varied mix of living spaces within the building. Each unit is separately metered for utilities, and laundry facilities are available in most residences.

The property is located at 14220 Kenilworth Street in Waverly, Nebraska. Its two-story configuration and range of unit layouts support a diversified apartment offering within the local residential market.

Key Highlights

• 7‑unit apartment property built in 1912
• Four ground‑level units and three second‑floor units
• Unit sizes range from 510 SF to 1310 SF

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$43,626

Cap Rate

8.23%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$872,520 $872.5K

Cap Rate 7%

$623,229 $623.2K

Cap Rate 9%

$484,733 $484.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 5,154 SF

Gross rent

$83.5K $16.20/SF

− Vacancy

−$4.2K −$0.81/SF

EGI

$79.3K $15.39/SF

− OpEx

−$35.7K −$6.93/SF

NOI

$43.6K $8.46/SF

Area

Lancaster County, NE

Vacancy

5.00%

Lease Rate

$16.20 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$872,520

Cap Rate 7%

$623,229

Cap Rate 9%

$484,733

Alternative Uses

Best Use

Apartment 5plus

$623.2K

$545.3K – $727.1K (±1% cap)

NOI $43,626 @ 7.0% cap · market cap 8.23%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.26M

$1.11M – $1.47M (±1% cap)

NOI $88,448 @ 7.0% cap · market cap 16.69%

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

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Dental Office Building Supply Restaurant Auto Parts Store Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

7

Residential units

Location Intelligence

Trade Area within ½ mile

219

Businesses Nearby

Explore this area Business Placement

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Frequently Asked Questions

What type of property is this?

Apartment building - Two-level apartment property with separate utilities and laundry in most units.

Where is this apartment building located?

The property is located at 14220 Kenilworth St Waverly, NE.

What is the asking price?

The asking price for this property is $530,000.

What are key features of this property?

This property features: 7‑unit apartment property built in 1912; Four ground‑level units and three second‑floor units; Unit sizes range from 510 SF to 1310 SF