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

    233 North 48Th St Lincoln, NE 68504

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $14 SF/Yr ($3,115 /Mo)

    Retail space available in a shopping center anchored by Target.

    Property size:
    2,670 SF
    Lot size:
    4.61 Acres

    Property Features for 233 North 48Th St

    General Information

    Size
    2,670 SF
    Lot size
    4.61 Acres

    We can help!

    Listing Contact
    Tim Dornbos
    Source: Moodyscre

    Listing Agency: NAI FMA Realty Listing Agent: Tim Dornbos

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

    Learn more

    Overview

    Retail Space in High-Traffic Area

    This retail space, encompassing 2,670 square feet, is situated within a high-traffic shopping center. The center is anchored by Target and Super Saver. The location is on the corner of 48th Street. Other tenants in the surrounding area include Chick-fil-A, nail salons, and Taco Bell.
    Location Intelligence

    Current Use by Public Records

    Quick Connect Computer ... Computer Repair Service Karen Williams - State ... Insurance Agency Dawn Asian Massage Massage Spa Panda Garden Chinese Restaurant SALVAGEDATA Recovery Services Data Recovery Service

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Similar Places Nearby

    48th & Vine Center, Hilltop Plaza, CENTRO PLAZA

    Location Insight

    • Map
    • Local Demand
    City
    Lincoln
    County
    Lancaster
    State
    Nebraska
    Longitude
    -96.6549811
    Latitude
    40.8148746

    Nearby Similar for Lease

    • $18 SF/Yr
      1,833 SF

      Premier Class A Office Building

      Light-filled suites with versatile layouts in North Lincoln.
      2125 Transformation Dr, Lincoln, NE 68501
      View Details
    • $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
      36,537 SF

      High-End Office Space in Lincoln

      Connected office space in Lincoln's West Haymarket District for rent.
      600 P St, Lincoln, NE 68528
      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

    FAQs

    What type of property is this?
    Shopping center - Retail space available in a shopping center anchored by Target.
    Where is this shopping center located?
    The property is located at 233 North 48Th St Lincoln, NE.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    What are key features of this property?
    This property features: - High-traffic location on the corner of 48th Street.; - Anchored by Target and Super Saver.; - Located in a shopping center.
    (402) 560-5065
    Request Owner's contact information
    233 North 48Th St Lincoln, NE 68504
    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.
    233 North 48Th St
    Lincoln, NE 68504
    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
    233 North 48Th St Lincoln, NE 68504
    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
    Tim Dornbos
    (402) 560-5065
    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.