Medical Office Building with Exam
New
For Sale
$1,850,000
2660 N Healthy Way, Fremont, NE 68025
Built in 2009, the property offers a clinical layout with multiple exam rooms.
Property Size7,700 SF
Days on Market3
Property Features for 2660 N Healthy Way
General Information
Standard status
Active
Size
7,700 SF
Class
B
Property subtype
Medical/Healthcare
Amenities
Multiple Exam Rooms
Building Details
Building Size
7,700 SF
Year Built
2009
Listing Agency:
NAI NP Dodge
(402) 255-6060
Listed By:
Spencer Morrissey · License #20170041
(402) 255-6060
Source:
Thebrokerlist
Added: Aug 19
Changed: Aug 20
Last Checked: Aug 20 at 4:03AM
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.
Constructed in 2009, this medical office property features multiple exam rooms within an established clinical layout. The existing configuration is designed for medical-office operations and provides a functional foundation for an owner-user or medical practice seeking a dedicated facility.
The property is located at 2660 N Healthy Way in Fremont, Nebraska, within the city’s Medical Park. Methodist Hospital is nearby, and the site is positioned north of East 23rd Street. Its medical-office setting and existing exam-room arrangement distinguish the building from general-purpose office space.
The property is located at 2660 N Healthy Way in Fremont, Nebraska, within the city’s Medical Park. Methodist Hospital is nearby, and the site is positioned north of East 23rd Street. Its medical-office setting and existing exam-room arrangement distinguish the building from general-purpose office space.
Key Highlights
- Medical office property constructed in 2009
- Multiple exam rooms within the existing clinical layout
- Located in Fremont’s Medical Park
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
$126,461
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
6.84%
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%
$2,529,220
$2.5M
Cap Rate 7%
$1,806,586
$1.8M
Cap Rate 9%
$1,405,122
$1.4M
Market Conditions
NOI Build-Up for 7,700 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
$183.9K $23.88/SF
− Vacancy
−$15.3K −$1.98/SF
EGI
$168.6K $21.90/SF
− OpEx
−$42.2K −$5.47/SF
NOI
$126.5K $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%
$2,529,220
Cap Rate 7%
$1,806,586
Cap Rate 9%
$1,405,122
Alternative Uses
Best Use
Office B
$1.81M
$1.58M – $2.11M
NOI $126,461 @ 7.0% cap · market cap 6.84%
Second Best
Healthcare Medical
$1.55M
$1.36M – $1.81M
NOI $108,483 @ 7.0% cap · market cap 5.86%
Theoretical Best
Office A
$2.07M
$1.81M – $2.41M
NOI $144,644 @ 7.0% cap · market cap 7.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
6
Businesses Nearby
Well-served
Demand for This Use
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?
Medical Office Space - Built in 2009, the property offers a clinical layout with multiple exam rooms.
Where is this medical office space located?
The property is located at 2660 N Healthy Way Fremont, NE.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: Medical office property constructed in 2009; Multiple exam rooms within the existing clinical layout; Located in Fremont’s Medical Park
