Fremont Office Building For
For Sale
$775,000
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 Market212
Property Features for 220 E 22nd Street
General Information
Standard status
Active
Size
3,470 SF
Class
B
Property subtype
Office
Building Details
Building Size
3,470 SF
Year Built
1987
Listed By:
Brian Thomas · License #NE #20210472
(520) 269-1317
Source:
Nainpdodge
Added: Mar 27
Changed: Oct 15
Last Checked: Oct 23 at 3:37AM
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 Brian Thomas
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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 / Yr
$56,989
Cap Rate
7.35%
Suggested Prices Based on Cap Rates
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
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 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.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
746
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
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.
