Retail Space with
For Sale
Contact for pricing
120 S 52nd St, Lincoln, NE 68510
The property includes a 1,050-square-foot basement beneath the Salon K-9 unit.
Property Size3,525 SF
Price / SF$156.03
Days on Market8
Property Features for 120 S 52nd St
General Information
Standard status
Active
Size
3,525 SF
Property subtype
RETAIL
Site & Location
Neighborhood
Witherbee
Listing Agency:
Albers Co.
(402) 434-0292
Listed By:
David L Albers · License #0940006
(402) 560-6976
Source:
Moodyscre
Added: Oct 20
Changed: Oct 26
Last Checked: Oct 26 at 3:15PM
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 Albers Co.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This retail property contains 3,525 square feet, with an additional 1,050-square-foot basement beneath the Salon K-9 unit. The roof is described as newer based on information from the previous owner.
Key Highlights
- 3,525‑square‑foot retail property
- 1,050‑square‑foot basement beneath the Salon K‑9 unit
- Newer roof, per the previous owner
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,528
Cap Rate
7.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$830,560
$830.6K
Cap Rate 7%
$593,257
$593.3K
Cap Rate 9%
$461,422
$461.4K
Market Conditions
NOI Build-Up for 3,525 SF
Gross rent
$63.5K $18.00/SF
− Vacancy
−$4.1K −$1.17/SF
EGI
$59.3K $16.83/SF
− OpEx
−$17.8K −$5.05/SF
NOI
$41.5K $11.78/SF
Area
Lincoln, NE
Vacancy
6.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$830,560
Cap Rate 7%
$593,257
Cap Rate 9%
$461,422
Alternative Uses
Best Use
Retail
$593.3K
$519.1K – $692.1K
NOI $41,528 @ 7.0% cap · market cap 7.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$864.2K
$756.2K – $1.01M
NOI $60,492 @ 7.0% cap · market cap 11.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,118
Businesses Nearby
556k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 37%
Shops & Services 25%
Groceries 19%
Apparel 9%
Hy-Vee
Groceries
70,279 visits/mo
0.2 miles
Chick-fil-A
Dining
52,225 visits/mo
0.3 miles
T.J. Maxx
Apparel
40,556 visits/mo
0.4 miles
Whole Foods Market
Groceries
37,006 visits/mo
0.5 miles
Michaels
Shops & Services
32,420 visits/mo
0.4 miles
Demographics for 68510, NE
20,669
Population
9,871
Households
2.1
Avg Household Size
38
Median Age
40%
College-Educated
95%
High-School Grad
4.6 sq mi
ZIP Area
4,493
Density / Sq Mi
$64,183
Median Household Income
$41,632
Median Earnings
$857
Median Rent
$221,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - The property includes a 1,050-square-foot basement beneath the Salon K-9 unit.
Where is this retail space located?
The property is located at 120 S 52nd St Lincoln, NE.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 3,525‑square‑foot retail property; 1,050‑square‑foot basement beneath the Salon K‑9 unit; Newer roof, per the previous owner
