Storefront Property with Garage
For Sale
$249,000
909 W North Front St, Grand Island, NE 68801
On-site parking and a garage door support convenient access and storage.
Property Size1,440 SF
Price / SF$172.92
Days on Market14
Property Features for 909 W North Front St
General Information
Standard status
Active
Size
1,440 SF
Taxes and HOA fees
Annual Taxes
$498
Amenities
garage door
Listing Agency:
Berkshire Hathaway HomeServices Da-Ly Realty
(308) 384-1101
Listed By:
Veronica Dunagan
(402) 519-8455
Source:
Exprealty
Added: Sep 19
Changed: Oct 1
Last Checked: Oct 1 at 1:59PM
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 Da-Ly Realty
Investment Insights
Based on property information with market context.
This 1,440-square-foot storefront property includes a garage door and on-site parking. Improvements encompass exterior stucco, windows, electrical, flooring, heating, and air conditioning.
The property is located at 909 W North Front St in Grand Island, Nebraska.
The property is located at 909 W North Front St in Grand Island, Nebraska.
Key Highlights
- 1,440‑square‑foot storefront property
- Garage door provides access for storage
- On‑site parking
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
$17,619
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
7.08%
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%
$352,380
$352.4K
Cap Rate 7%
$251,700
$251.7K
Cap Rate 9%
$195,767
$195.8K
Market Conditions
NOI Build-Up for 1,440 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
$26.4K $18.36/SF
− Vacancy
−$1.3K −$0.88/SF
EGI
$25.2K $17.48/SF
− OpEx
−$7.6K −$5.24/SF
NOI
$17.6K $12.24/SF
Area
Hall County, NE
Vacancy
4.80%
Lease Rate
$18.36 /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%
$352,380
Cap Rate 7%
$251,700
Cap Rate 9%
$195,767
Alternative Uses
Best Use
Retail
$251.7K
$220.2K – $293.7K
NOI $17,619 @ 7.0% cap · market cap 7.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$360.4K
$315.3K – $420.4K
NOI $25,226 @ 7.0% cap · market cap 10.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,183
Businesses Nearby
15k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 94%
Home Improvements & Furnishings 6%
Casey's
Shops & Services
5,630 visits/mo
0.3 miles
Pump & Pantry
Shops & Services
5,096 visits/mo
0.3 miles
Wells Fargo
Shops & Services
3,818 visits/mo
0.3 miles
Sherwin-Williams Paint Store
Home Improvements & Furnishings
905 visits/mo
0.4 miles
Demographics for 68801, NE
30,440
Population
11,684
Households
2.6
Avg Household Size
34
Median Age
17%
College-Educated
81%
High-School Grad
90.0 sq mi
ZIP Area
338
Density / Sq Mi
$63,214
Median Household Income
$37,995
Median Earnings
$931
Median Rent
$186,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Storefront property - On-site parking and a garage door support convenient access and storage.
Where is this storefront property located?
The property is located at 909 W North Front St Grand Island, NE.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: 1,440‑square‑foot storefront property; Garage door provides access for storage; On‑site parking
