Main-Level Duplex with
For Sale
$425,000
526 Lamont Dr, Lincoln, NE 68528
1998 duplex offering accessible living areas, attached garages, and existing long-term tenancy in Capitol Beach.
Property Size2,306 SF
Price / SF$184.30
Days on Market8
Property Features for 526 Lamont Dr
General Information
Standard status
Active
Size
2,306 SF
Total Parking Spaces
4
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Building Details
Year Built
1998
Buildings
1
Listing Agency:
Magnolia Real Estate
(402) 405-5931
Listed By:
Andrea Trail
Source:
Thatcheromaha
Added: Aug 23
Changed: Aug 28
Last Checked: Aug 29 at 11:57AM
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 Magnolia Real Estate
Investment Insights
Based on property information with market context.
Built in 1998, this duplex contains 2,306 square feet with a practical main-level layout on both sides. Each unit provides three bedrooms, two bathrooms, spacious living areas, and a two-stall garage. Zero-entry access and move-in-ready condition support straightforward occupancy and everyday usability.
One side is occupied by a long-term tenant and is producing income, while the other side offers flexibility for an owner occupant or additional leasing. The property is located in Capitol Beach at 526 Lamont Dr, Lincoln, Nebraska 68528.
One side is occupied by a long-term tenant and is producing income, while the other side offers flexibility for an owner occupant or additional leasing. The property is located in Capitol Beach at 526 Lamont Dr, Lincoln, Nebraska 68528.
Key Highlights
- Duplex with 2,306 square feet, built in 1998
- Each side includes 3 bedrooms and 2 bathrooms
- Two‑stall garage provided for each unit
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
$22,881
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
5.38%
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%
$457,620
$457.6K
Cap Rate 7%
$326,871
$326.9K
Cap Rate 9%
$254,233
$254.2K
Market Conditions
NOI Build-Up for 2,306 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
$34.6K $15.00/SF
− Vacancy
−$1.9K −$0.83/SF
EGI
$32.7K $14.17/SF
− OpEx
−$9.8K −$4.25/SF
NOI
$22.9K $9.92/SF
Area
Lincoln, NE
Vacancy
5.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
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%
$457,620
Cap Rate 7%
$326,871
Cap Rate 9%
$254,233
Alternative Uses
Best Use
Multifamily LT 5
$326.9K
$286.0K – $381.4K
NOI $22,881 @ 7.0% cap · market cap 5.38%
Second Best
Apartment 5plus
$303.6K
$265.7K – $354.2K
NOI $21,254 @ 7.0% cap · market cap 5.00%
Theoretical Best
Office A
$565.3K
$494.7K – $659.6K
NOI $39,573 @ 7.0% cap · market cap 9.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
287
Businesses Nearby
Explore this area
Business Placement
Demographics for 68528, NE
6,929
Population
2,899
Households
2.4
Avg Household Size
31
Median Age
44%
College-Educated
97%
High-School Grad
16.5 sq mi
ZIP Area
420
Density / Sq Mi
$75,000
Median Household Income
$40,998
Median Earnings
$1,227
Median Rent
$243,700
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?
Duplex - 1998 duplex offering accessible living areas, attached garages, and existing long-term tenancy in Capitol Beach.
Where is this duplex located?
The property is located at 526 Lamont Dr Lincoln, NE.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Duplex with 2,306 square feet, built in 1998; Each side includes 3 bedrooms and 2 bathrooms; Two‑stall garage provided for each unit
