Historic Senior Housing
For Sale
Contact for pricing
915 N H ST, Fremont, NE 68025
Distinctive 1880 property with bedrooms, private offices, gathering areas, and flexible spaces for specialized residential operations.
Property Size17,703 SF
Price / SF$141.22
Days on Market55
Property Features for 915 N H ST
General Information
Standard status
Active
Size
17,703 SF
Property subtype
Multifamily, Senior Living, Special Purpose
Building Details
Year Built
1880
Stories
2
Listing Agency:
Murphy Business & Financial Services
Listed By:
Trent Fuller · License #NE
Source:
Crexi
Added: Jul 7
Changed: Aug 30
Last Checked: Aug 30 at 12:33PM
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 Murphy Business & Financial Services
Investment Insights
Based on property information with market context.
Built in 1880, this senior housing and retirement property combines historic architectural elements with updated functional areas. The interior includes multiple bedrooms or private offices, spacious common and gathering rooms, high ceilings, several fireplaces, and adaptable workspaces. Its layout can support senior housing, group living, counseling, or other specialty operations, subject to local zoning and approvals.
The property occupies a prominent corner lot at 915 N H St in Fremont, Nebraska, with access to downtown amenities, schools, parks, healthcare services, and major transportation routes. The building’s established neighborhood setting and flexible room configuration provide a range of options for an owner-user, operator, or institutional use.
The property occupies a prominent corner lot at 915 N H St in Fremont, Nebraska, with access to downtown amenities, schools, parks, healthcare services, and major transportation routes. The building’s established neighborhood setting and flexible room configuration provide a range of options for an owner-user, operator, or institutional use.
Key Highlights
- Built in 1880 with historic architectural character
- Multiple bedrooms or private offices support flexible occupancy and operations
- Spacious common areas, high ceilings, and multiple fireplaces
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
$201,058
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
8.04%
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%
$4,021,160
$4.0M
Cap Rate 7%
$2,872,257
$2.9M
Cap Rate 9%
$2,233,978
$2.2M
Market Conditions
NOI Build-Up for 17,703 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
$382.4K $21.60/SF
− Vacancy
−$16.8K −$0.95/SF
EGI
$365.6K $20.65/SF
− OpEx
−$164.5K −$9.29/SF
NOI
$201.1K $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%
$4,021,160
Cap Rate 7%
$2,872,257
Cap Rate 9%
$2,233,978
Alternative Uses
Best Use
Apartment 5plus
$2.87M
$2.51M – $3.35M
NOI $201,058 @ 7.0% cap · market cap 8.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.75M
$4.16M – $5.54M
NOI $332,549 @ 7.0% cap · market cap 13.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
813
Businesses Nearby
Under-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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Senior housing / Retirement Home - Distinctive 1880 property with bedrooms, private offices, gathering areas, and flexible spaces for specialized residential operations.
Where is this senior housing / retirement home located?
The property is located at 915 N H 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: Built in 1880 with historic architectural character; Multiple bedrooms or private offices support flexible occupancy and operations; Spacious common areas, high ceilings, and multiple fireplaces
