Fremont Office Building For
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220 E 22nd Street, Fremont, NE 68025
Well-maintained 3,470 SF office building in Fremont, Nebraska.
Property Size3,470 SF
Price / SF$223.34
Days on Market160
Property Features for 220 E 22nd Street
General Information
Standard status
Active
Size
3,470 SF
Class
B
Total Parking Spaces
18
Property subtype
Office
Occupancy
100%
Building Details
Year Built
1987
Year Renovated
2016
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
NAI NP Dodge
(402) 514-7899
Listed By:
Brian Thomas · License #20210472
Source:
Crexi
Added: Mar 4
Changed: Aug 8
Last Checked: Aug 10 at 1:59PM
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 NAI NP Dodge
Investment Insights
Based on property information with market context.
This well-maintained office building, constructed in 1987 and renovated in 2016, offers 3,470 square feet of space. Located on Main Street in Fremont, Nebraska, the property provides accessibility and visibility. The building presents an investment and potential owner-user opportunity. A long-term tenant currently occupies 1365 square feet, providing rental income with over 2 years remaining on the lease. The property offers a professional and inviting atmosphere for office building investors.
Key Highlights
- Investment or Owner User Opportunity
- Long term tenant (Home Instead) with over 2 years remaining on lease, providing rental income.
- Well‑maintained 3,470 SF office building.
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
$56,989
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
7.35%
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%
$1,139,780
$1.1M
Cap Rate 7%
$814,129
$814.1K
Cap Rate 9%
$633,211
$633.2K
Market Conditions
NOI Build-Up for 3,470 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
$82.9K $23.88/SF
− Vacancy
−$6.9K −$1.98/SF
EGI
$76.0K $21.90/SF
− OpEx
−$19.0K −$5.47/SF
NOI
$57.0K $16.42/SF
Area
Dodge County, NE
Vacancy
8.30%
Lease Rate
$23.88 /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%
$1,139,780
Cap Rate 7%
$814,129
Cap Rate 9%
$633,211
Alternative Uses
Best Use
Office B
$814.1K
$712.4K – $949.8K
NOI $56,989 @ 7.0% cap · market cap 7.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$931.2K
$814.8K – $1.09M
NOI $65,184 @ 7.0% cap · market cap 8.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
297
Businesses Nearby
Explore this area
Business Placement
Demographics for 68025, NE
31,301
Population
14,017
Households
2.2
Avg Household Size
38
Median Age
22%
College-Educated
89%
High-School Grad
124.0 sq mi
ZIP Area
252
Density / Sq Mi
$69,467
Median Household Income
$41,546
Median Earnings
$1,005
Median Rent
$201,900
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 - Well-maintained 3,470 SF office building in Fremont, Nebraska.
Where is this office building located?
The property is located at 220 E 22nd Street Fremont, NE.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: Investment or Owner User Opportunity; Long term tenant (Home Instead) with over 2 years remaining on lease, providing rental income.; Well‑maintained 3,470 SF office building.
