Mixed-Use Property with Brick
For Sale
$165,000
4201 Grand Avenue, Omaha, NE 68111
Includes a two-bedroom residence and adjacent commercial space.
Property Size1,160 SF
Price / SF$142.24
Days on Market50
Property Features for 4201 Grand Avenue
General Information
Standard status
Active
Size
1,160 SF
Property subtype
Multi-Family
Building Details
Year Built
1930
Listing Agency:
Nexthome Signature Real Estate
(402) 350-9494
Listed By:
Heidi Cline
(402) 350-9494
Source:
Tenaciousrealty
Added: Jul 12
Changed: Aug 29
Last Checked: Aug 26 at 12:57PM
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 Nexthome Signature Real Estate
Investment Insights
Based on property information with market context.
This mixed-use property combines a duplex-style home with a separate 1,160-square-foot brick commercial building at 4201 Grand Avenue. The upper residential level includes two bedrooms, one full bathroom, a kitchen, living room, dining area, and private laundry. The main level has been stripped to the studs, while additional lower-level space remains available for future finishing.
The adjoining commercial building is currently used as a church and offers an open main floor with further usable area below. Constructed in 1930, the property is offered in its current as-is condition and includes both residential and commercial components within the same offering.
The adjoining commercial building is currently used as a church and offers an open main floor with further usable area below. Constructed in 1930, the property is offered in its current as-is condition and includes both residential and commercial components within the same offering.
Key Highlights
- 1,160‑square‑foot brick commercial building included
- Upper residence has 2 bedrooms and 1 full bathroom
- Residential level includes private laundry, kitchen, living room, and dining area
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
$14,407
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
8.73%
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%
$288,140
$288.1K
Cap Rate 7%
$205,814
$205.8K
Cap Rate 9%
$160,078
$160.1K
Market Conditions
NOI Build-Up for 1,160 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
$25.1K $21.60/SF
− Vacancy
−$2.0K −$1.73/SF
EGI
$23.1K $19.87/SF
− OpEx
−$8.6K −$7.45/SF
NOI
$14.4K $12.42/SF
Area
Omaha, NE
Vacancy
8.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
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%
$288,140
Cap Rate 7%
$205,814
Cap Rate 9%
$160,078
Alternative Uses
Best Use
Mixed Use
$205.8K
$180.1K – $240.1K
NOI $14,407 @ 7.0% cap · market cap 8.73%
Second Best
Multifamily LT 5
$144.8K
$126.7K – $168.9K
NOI $10,136 @ 7.0% cap · market cap 6.14%
Theoretical Best
Office A
$305.2K
$267.0K – $356.1K
NOI $21,363 @ 7.0% cap · market cap 12.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
298
Businesses Nearby
Explore this area
Business Placement
Demographics for 68111, NE
25,048
Population
9,729
Households
2.6
Avg Household Size
31
Median Age
12%
College-Educated
78%
High-School Grad
5.2 sq mi
ZIP Area
4,817
Density / Sq Mi
$41,010
Median Household Income
$31,610
Median Earnings
$1,109
Median Rent
$101,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Includes a two-bedroom residence and adjacent commercial space.
Where is this mixed-use property located?
The property is located at 4201 Grand Avenue Omaha, NE.
What is the asking price?
The asking price for this property is $165,000.
What are key features of this property?
This property features: 1,160‑square‑foot brick commercial building included; Upper residence has 2 bedrooms and 1 full bathroom; Residential level includes private laundry, kitchen, living room, and dining area
