5180 Lincoln Rd Lincoln, ND 58504
36-unit apartment building built in 2014 near Kirkwood Mall.
Property Features for 5180 Lincoln Rd
General Information
- Standard status
- Active
- Size
- 45,507 SF
- Lot size
- 2.76 Acres
- Property subtype
- Multifamily
Building Details
- Year Built
- 2014
Listing office Aspen Group LLP (701) 223-2450
Listing date Jun 18, 2018
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of Aspen Group LLP
Investment Insights
Based on property information with market context.
Key Highlights
- 36‑unit apartment building built in 2014
- High‑traffic location on Lincoln Road, minutes from Kirkwood Mall
- Washer and dryer in each unit
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $513.3k | $11.28 |
| − Vacancy | −$40.0k | −$0.88 |
| EGI | $473.3k | $10.40 |
| − OpEx | −$213.0k | −$4.68 |
| NOI | $260.3k | $5.72 |
