Downtown Flex Building with Overhead
1029 M St Lincoln, NE 68508
1029 M St, Lincoln, NE, 68508
$850,000
For Sale
$850,000
Versatile 5,130 SF flex building in Downtown Lincoln.
Property Size5,130 SF
Price / SF$165.69
Days on Market140
Property Features for 1029 M St
General Information
- Standard status
- Active
- Size
- 5,130 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1900
Listing agency
Lee & Associates | Lincoln
(402) 430-2318
Listed by
Boomer Peterson · License #NE 20150894
(402) 430-2318
Source
Lee-associates
Added: Mar 4 Updated: Jul 10 at 3:46PM Checked: Jul 22 at 4:35AM
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 Lee & Associates | Lincoln
Investment Insights
Based on property information with market context.
This 5,130 square foot flex building is located in Downtown Lincoln. The property is suitable for a range of business uses. It features an overhead door, allowing for outbound shipping, deliveries, or equipment access. The property has 3-Phase Power, supporting industrial and high-demand users. The location provides access to the urban core. The layout allows for customization to meet specific operational or workflow needs. The property combines industrial capabilities with a central, accessible location. The building is positioned in the heart of Downtown Lincoln, within the 68508 ZIP code, placing it among a mix of retail, dining, services, entertainment, student housing, and cultural destinations. Downtown streets like M Street benefit from vehicular traffic accessing key corridors connecting to Interstate 180 and other major thoroughfares. The walkable downtown grid and nearby attractions support pedestrian activity, reinforcing exposure for storefronts and service-oriented businesses.
Key Highlights
- Prime Downtown Lincoln Location: Situated in a dynamic commercial district with high visibility and connectivity.
- 5,130 SF of Highly Adaptable Flex Space: Suitable for a wide range of business uses.
- Overhead Door Access: Facilitates efficient shipping and deliveries.
Local Financial Insights For Retail
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 | $92.3k | $18.00 |
| − Vacancy | −$6.0k | −$1.17 |
| EGI | $86.3k | $16.83 |
| − OpEx | −$25.9k | −$5.05 |
| NOI | $60.4k | $11.78 |
5,130 SF · lease $18.00/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$863.4K
$755.5K – $1.01M
NOI $60,437 @ 7.0% cap · market cap 7.11%
Second Best
Industrial
$713.5K
$624.3K – $832.4K
NOI $49,946 @ 7.0% cap · market cap 5.88%
Theoretical Best
Office A
$1.26M
$1.10M – $1.47M
NOI $88,036 @ 7.0% cap · market cap 10.36%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
ATM
Atm
Ink Alley Screen ...
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
Similar Off Market Nearby
- Geno Grubs — 1039 S 13th St, Lincoln, NE 68508
- Milestone Catering — 129 N 10th St, Lincoln, NE 68508
- C Berry's Bbq — 1422 O St, Lincoln, NE 68508
- Canyon Joe’s Barbecue — 200 S 18th St, Lincoln, NE 68508
- Jays Meat N Three — 101 Centennial Mall S suite 5, Lincoln, NE 68508
FAQs
What type of property is this?
Flex space - Versatile 5,130 SF flex building in Downtown Lincoln.
Where is this flex space located?
The property is located at 1029 M St Lincoln, NE.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Prime Downtown Lincoln Location: Situated in a dynamic commercial district with high visibility and connectivity.; 5,130 SF of Highly Adaptable Flex Space: Suitable for a wide range of business uses.; Overhead Door Access: Facilitates efficient shipping and deliveries.
