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121 & 125 E 31st St 7,500 SF 100% Leased Office Building Kearney, NE 68847 $879,900 ($117.32/SF) 6.02% Cap Rate
Investment Highlights
- Includes 2 private parking lots
- Dedicated monument sign along 31st Street
Executive Summary
This is an excellent investment opportunity just 2 blocks from CHI Health /Good Samaritan Hospital! The asset is secured by 2 multiple-year leases with regular rent increases, offering investors stable, growing income with minimal ownership responsibilities. The property benefits from being a professional office building whose Tenants are a pediatric dentistry and an insurance brokerage. This investment opportunity is well-suited for buyers seeking predictable income, low management intensity, and stable real estate returns.
The asset is secured by 2 multiple-year leases with regular rent increases, offering investors stable, growing income with minimal ownership responsibilities. The property benefits from being a professional office building whose Tenants are a pediatric dentistry and an insurance brokerage. This investment opportunity is well-suited for buyers seeking predictable income, low management intensity, and stable real estate returns.
The asset is secured by 2 multiple-year leases with regular rent increases, offering investors stable, growing income with minimal ownership responsibilities. The property benefits from being a professional office building whose Tenants are a pediatric dentistry and an insurance brokerage. This investment opportunity is well-suited for buyers seeking predictable income, low management intensity, and stable real estate returns.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Office
Building Size
7,500 SF
Building Class
B
Year Built
1980
Price
$879,900
Price Per SF
$117.32
Cap Rate
6.02%
NOI
$52,970
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
7,500 SF
Building FAR
0.43
Lot Size
0.40 AC
Zoning
COMMERCIAL - Commercial - Office
Parking
35 Spaces (4.67 Spaces per 1,000 SF Leased)
1 1
Moderately walkable
60/100
Moderately drivable
70/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 605778000 | Improvements Assessment | $949,390 |
| Land Assessment | $128,985 | Total Assessment | $1,078,375 |
Property Taxes
Parcel Number
605778000
Land Assessment
$128,985
Improvements Assessment
$949,390
Total Assessment
$1,078,375
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121 & 125 E 31st St
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