Two-Level Mixed-Use Office
New
For Sale
Contact for pricing
3843 Harrison St., Bellevue, NE 68147
A separate lower-level entrance supports independent access to the building’s additional offices, conference rooms, and open area.
Property Size3,346 SF
Price / SF$194.26
Days on Market6
Property Features for 3843 Harrison St.
General Information
Standard status
Active
Size
3,346 SF
Property subtype
Retail, Office, Special Purpose
Zoning
BNH
Site & Location
Traffic Count
6,657 vehicles/day
Road Access
Yes
Additional Details
Asking Price
$650,000
Building Details
Buildings
1
Stories
2
Listing Agency:
Berkshire Hathaway HomeServices Ambassador Real Estate
Listed By:
Gary Kuklin · License #NE 20050960
(402) 880-1887
Source:
Crexi
Added: Sep 20
Changed: Sep 24
Last Checked: Sep 24 at 2:26PM
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 Berkshire Hathaway HomeServices Ambassador Real Estate
Investment Insights
Based on property information with market context.
This two-level mixed-use property has office and retail configuration, with private offices, open work areas, conference rooms, reception space, and utility space. The lower level has its own entrance. Recent interior work includes new flooring, electrical and plumbing systems, two HVAC units totaling 5 tons, a 40-gallon electric water heater, and three ADA bathrooms. ADA restrooms are also noted on the main floor.
The building is on Harrison Street in Bellevue and is zoned BNH, Heavy Neighborhood Business. The property includes approximately 2,961 SF of parking and is reported at 6,657 VPD. Its rooms and separate lower-level access provide distinct areas within the property; the stated configuration includes two private offices and open workspace on the main floor, plus two offices and two conference rooms below.
The building is on Harrison Street in Bellevue and is zoned BNH, Heavy Neighborhood Business. The property includes approximately 2,961 SF of parking and is reported at 6,657 VPD. Its rooms and separate lower-level access provide distinct areas within the property; the stated configuration includes two private offices and open workspace on the main floor, plus two offices and two conference rooms below.
Key Highlights
- Two‑level office and retail configuration with separate lower‑level entrance
- Main floor includes reception, two private offices, open workspace, and ADA restrooms
- Lower level has two offices, two large conference rooms, open area, and utility space
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
$47,252
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
7.27%
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%
$945,040
$945.0K
Cap Rate 7%
$675,029
$675.0K
Cap Rate 9%
$525,022
$525.0K
Market Conditions
NOI Build-Up for 3,346 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
$68.3K $20.40/SF
− Vacancy
−$5.3K −$1.57/SF
EGI
$63.0K $18.83/SF
− OpEx
−$15.8K −$4.71/SF
NOI
$47.3K $14.12/SF
Area
Sarpy County, NE
Vacancy
7.70%
Lease Rate
$20.40 /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%
$945,040
Cap Rate 7%
$675,029
Cap Rate 9%
$525,022
Alternative Uses
Best Use
Office B
$675.0K
$590.7K – $787.5K
NOI $47,252 @ 7.0% cap · market cap 7.27%
Second Best
Retail
$587.3K
$513.9K – $685.2K
NOI $41,111 @ 7.0% cap · market cap 6.32%
Theoretical Best
Office A
$897.9K
$785.7K – $1.05M
NOI $62,854 @ 7.0% cap · market cap 9.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
6,657 VPD
Traffic count
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
216
Businesses Nearby
Explore this area
Business Placement
Demographics for 68147, NE
11,387
Population
4,641
Households
2.5
Avg Household Size
35
Median Age
21%
College-Educated
90%
High-School Grad
4.9 sq mi
ZIP Area
2,324
Density / Sq Mi
$91,706
Median Household Income
$48,446
Median Earnings
$1,296
Median Rent
$202,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - A separate lower-level entrance supports independent access to the building’s additional offices, conference rooms, and open area.
Where is this mixed-use property located?
The property is located at 3843 Harrison St. Bellevue, NE.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Two‑level office and retail configuration with separate lower‑level entrance; Main floor includes reception, two private offices, open workspace, and ADA restrooms; Lower level has two offices, two large conference rooms, open area, and utility space
