Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1200 N St, Unit | Lincoln Lincoln, NE 68508

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $17 SF/Yr

    Century-old office building with modern renovations, rooftop deck, and skywalk.

    Property size:
    242,835 SF
    Lot size:
    242,835 SF

    Property Features for 1200 N St

    General Information

    Size
    242,835 SF

    Building Details

    Year built
    1919

    We can help!

    Listing Contact
    Grace Newton
    Grace Newton
    Source: Lee-associates

    Listing Agent: Grace Newton

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Downtown Lincoln Office Building For Rent

    This century-old office building in Downtown Lincoln is undergoing a major transformation. Full floors are available, featuring new floor-to-ceiling windows, a glass atrium, and a rooftop deck. Skywalks connect the building to downtown buildings and an 800-stall parking garage. Located just off O Street, in the heart of downtown Lincoln, the property is surrounded by numerous local and national retailers, hotels, Memorial Stadium, and Pinnacle Bank Arena. Large and small offices are available. Tenant is responsible for janitorial services. The property includes a rooftop deck and meeting space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    FOREFRONT LABS Software Company Abstract Union Marketing Agency Big Up Dumpsters Dumpster Rental Service Atrium Commercial Real Estate Agency Hazardous Waste Division Environmental Health Service

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Law Firm Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lincoln
    County
    Lancaster
    State
    Nebraska
    Longitude
    -96.7033726
    Latitude
    40.8127409

    Nearby Similar for Lease

    • $750 /Mo
      33,660 SF

      Historic Haymarket District Office Suites

      Modernized office suites in Lincoln's Historic Haymarket District.
      701 P St, Lincoln, NE 68508
      View Details
    • $18 SF/Yr
      16,992 SF

      Prime Retail and Restaurant Space

      New development catering to students, tenants, and local residents.
      4630 Leighton Ave, Lincoln, NE 68504
      View Details
    • $6 SF/Yr
      6,176 SF

      Spacious Warehouse with Fenced Storage

      Warehouse with office, climate control, and fenced outdoor storage.
      501 W P St, Lincoln, NE 68528
      View Details
    • $24 SF/Yr
      13,000 SF

      South Lincoln Office Opportunity

      13,000 SF office space available for lease.
      5225 S 16Th St, Lincoln, NE 68508
      View Details
    • $16 SF/Yr
      2,400 SF

      Finished Space in Mixed-Use Development

      2,400 SF space ideal for medical, wellness, or office/retail.
      1265 South Cotner Blvd, Lincoln, NE 68510
      View Details
    • $16 SF/Yr
      26,181 SF

      Prime Retail Space in Lincoln

      High-visibility retail space with excellent traffic and accessibility.
      965 S 27Th St, Lincoln, NE 68510
      View Details
    • $11 SF/Yr
      27 SF

      New Industrial Bays For Lease

      New industrial development featuring seven bays, slated for completion December 2025.
      5700 Cornhusker Hwy, Lincoln, NE 68507
      View Details
    • $14 SF/Yr
      4,330 SF

      Haymarket District Retail or Office

      Versatile retail or office space in Lincoln's vibrant Haymarket District.
      727 O Street Rd, Lincoln, NE 68508
      View Details
    • $24 SF/Yr
      3,738 SF

      Vintage Heights Crossing Development Opportunity

      New office and retail spaces planned in Lincoln, Nebraska.
      8600 Foxtail Dr, Lincoln, NE 68526
      View Details
    • $9 SF/Yr
      2,850 SF

      New Warehouse Bays For Lease

      New warehouse bays with highway access, ideal for various businesses.
      5351 N 70Th St, Lincoln, NE 68510
      View Details
    • $9 SF/Yr
      1,425 SF

      New Warehouse Bays For Lease

      New warehouse bays with highway access, suitable for various businesses.
      5335 N 70Th St, Lincoln, NE 68510
      View Details
    • $14 SF/Yr
      11,200 SF

      Modern Office Space in Lincoln

      Well-maintained office property with modern amenities and ample parking.
      4433 S 70Th St, Lincoln, NE 68505
      View Details

    FAQs

    What type of property is this?
    Office building - Century-old office building with modern renovations, rooftop deck, and skywalk.
    Where is this office building located?
    The property is located at 1200 N St, Unit | Lincoln Lincoln, NE.
    What is the lease rate?
    The lease rate is $17 SF/Yr.
    What are key features of this property?
    This property features: - Prime downtown Lincoln location near O Street, retailers, hotels, Memorial Stadium & Pinnacle Bank Arena.; - Direct skywalk access to an 800-stall parking garage.; - Full floor availability in a renovated century-old building.
    (531) 721-2888
    Request Owner's contact information
    1200 N St, Unit | Lincoln Lincoln, NE 68508
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1200 N St, Unit | Lincoln
    Lincoln, NE 68508
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1200 N St, Unit | Lincoln Lincoln, NE 68508
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Grace Newton
    Grace Newton
    Real Estate License ID: NE 20160105
    (531) 721-2888
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.