Assisted Living Facility with
For Sale
Contact for pricing
749 E 32nd St, Fremont, NE 68025
Commercially zoned care facility with a furnished interior and full commercial kitchen.
Property Size10,000 SF
Price / SF$250
Days on Market349
Property Features for 749 E 32nd St
General Information
Standard status
Active
Size
10,000 SF
Class
B
Property subtype
Hospitality, Office, Senior Living
Zoning
Commercial
Investment Type
Owner/User
Additional Details
Furnished
Yes
Amenities
commercial kitchen
Building Details
Year Built
2012
Buildings
1
Stories
1
Listing Agency:
Lamb Commercial
Listed By:
Mark Lamb · License #NE - 20070886
Source:
Crexi
Added: Sep 16, 2025
Changed: Aug 29
Last Checked: Aug 29 at 2:14PM
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 Lamb Commercial
Investment Insights
Based on property information with market context.
Built in 2012, this 10,000-square-foot assisted living facility is configured for care-related use and includes furnishings suited to that operation. A full commercial kitchen is part of the existing improvements, supporting the property’s established facility layout.
The site is zoned Commercial and includes additional land identified for development of a second 10,000-square-foot building. The existing structure may also be adapted for daycare or office use, subject to applicable requirements.
The site is zoned Commercial and includes additional land identified for development of a second 10,000-square-foot building. The existing structure may also be adapted for daycare or office use, subject to applicable requirements.
Key Highlights
- 10,000‑square‑foot assisted living facility built in 2012
- Full commercial kitchen included
- Furnished for assisted living use
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
$113,573
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
4.54%
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%
$2,271,460
$2.3M
Cap Rate 7%
$1,622,471
$1.6M
Cap Rate 9%
$1,261,922
$1.3M
Market Conditions
NOI Build-Up for 10,000 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
$216.0K $21.60/SF
− Vacancy
−$9.5K −$0.95/SF
EGI
$206.5K $20.65/SF
− OpEx
−$92.9K −$9.29/SF
NOI
$113.6K $11.36/SF
Area
Dodge County, NE
Vacancy
4.40%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
45.00%
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%
$2,271,460
Cap Rate 7%
$1,622,471
Cap Rate 9%
$1,261,922
Alternative Uses
Best Use
Apartment 5plus
$1.62M
$1.42M – $1.89M
NOI $113,573 @ 7.0% cap · market cap 4.54%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.68M
$2.35M – $3.13M
NOI $187,849 @ 7.0% cap · market cap 7.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
652
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Assisted living facility - Commercially zoned care facility with a furnished interior and full commercial kitchen.
Where is this assisted living facility located?
The property is located at 749 E 32nd St Fremont, NE.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 10,000‑square‑foot assisted living facility built in 2012; Full commercial kitchen included; Furnished for assisted living use
