Assisted Living Facility with ADA
New
For Sale
Contact for pricing
3929 LEWIS AVE, Lincoln, NE 68521
Updated assisted living facility with four bedrooms, ADA wheelchair ramp, and commercial-grade fire suppression system.
Property Size1,340 SF
Price / SF$250
Days on Market7
Property Features for 3929 LEWIS AVE
General Information
Standard status
Active
Size
1,340 SF
Total Parking Spaces
2
Property subtype
Multifamily, Special Purpose
Additional Details
Sprinkler System
Yes
Amenities
ADA-compliant wheelchair ramp
on-site laundry room
secure medication storage cabinet
Building Details
Year Built
1956
Year Renovated
2016
Buildings
1
Listing Agency:
NAI FMA Realty
(402) 441-5800
Listed By:
Diana Schilf · License #NE 20000632
Source:
Crexi
Added: Jul 24
Changed: Jul 30
Last Checked: Jul 30 at 2:32AM
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 FMA Realty
Investment Insights
Based on property information with market context.
This updated assisted living facility is residential-focused and designed around accessibility and supervision. The layout includes four bedrooms and two bathrooms, with a spacious primary suite featuring a walk-in closet and private bathroom. An open floor plan supports ease of movement, and an ADA-compliant wheelchair ramp enhances entry and access. On-site amenities include an on-site laundry room, a two-stall garage, and secure medication storage. The property also includes a commercial-grade fire suppression system.
The home was expanded and remodeled in 2016, and it was previously licensed and operated as an assisted living facility. The configuration is also suited to a group home or other specialized residential use, subject to applicable approvals.
Built in 1956, the property offers a turnkey-ready footprint for an operator or owner-user looking for a small residential care environment.
The home was expanded and remodeled in 2016, and it was previously licensed and operated as an assisted living facility. The configuration is also suited to a group home or other specialized residential use, subject to applicable approvals.
Built in 1956, the property offers a turnkey-ready footprint for an operator or owner-user looking for a small residential care environment.
Key Highlights
- Previously licensed and operated assisted living facility
- Expanded and remodeled in 2016
- Four bedrooms and two bathrooms with primary suite walk‑in closet and private bath
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $23.6k | $17.64 |
| − Vacancy | −$1.2k | −$0.88 |
| EGI | $22.5k | $16.76 |
| − OpEx | −$10.1k | −$7.54 |
| NOI | $12.4k | $9.22 |
1,340 SF · lease $17.64/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$176.4K
$154.4K – $205.9K
NOI $12,351 @ 7.0% cap · market cap 3.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$328.5K
$287.5K – $383.3K
NOI $22,996 @ 7.0% cap · market cap 6.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
176
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 68521, NE
37,251
Population
15,657
Households
2.4
Avg Household Size
31
Median Age
32%
College-Educated
88%
High-School Grad
13.2 sq mi
ZIP Area
2,822
Density / Sq Mi
$66,902
Median Household Income
$38,755
Median Earnings
$1,196
Median Rent
$235,600
Median Home Value
Questions? Ask Rey
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Similar Off Market Nearby
- The Grace Space — 1740 Superior St, Lincoln, NE 68521
- Emerald Care Co — 1740 Superior St, Lincoln, NE 68521
Frequently Asked Questions
What type of property is this?
Assisted living facility - Updated assisted living facility with four bedrooms, ADA wheelchair ramp, and commercial-grade fire suppression system.
Where is this assisted living facility located?
The property is located at 3929 LEWIS AVE Lincoln, NE.
What is the asking price?
The asking price for this property is $335,000.
What are key features of this property?
This property features: Previously licensed and operated assisted living facility; Expanded and remodeled in 2016; Four bedrooms and two bathrooms with primary suite walk‑in closet and private bath
