Building Details

Tenancy Multi

Listing Agency: Woods Bros Realty Show Phone

Listed By: John M Nanos · License #940652 Show Phone

Source: Moodyscre

Added: Oct 28 Changed: Nov 1 Last Checked: Nov 1 at 3:54PM

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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 Woods Bros Realty

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Investment Insights

Based on property information with market context.

This 5,080-square-foot mixed-use property combines retail space with a car lot and storage tenancy. A billboard adds another income source. The building has a newer roof and HVAC system, and access is available from three directions.

The property is on the North 48th Street corridor in Lincoln, near East Campus and Nebraska Wesleyan University. The offering includes a 7% cap rate.

Key Highlights

• 5,080 square feet of mixed‑use property
• Income sources include retail, a car lot, storage tenancy, and a billboard
• Access points from three directions

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$61,722

Cap Rate

6.20%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,234,440 $1.2M

Cap Rate 7%

$881,743 $881.7K

Cap Rate 9%

$685,800 $685.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 5,080 SF

Gross rent

$109.7K $21.60/SF

− Vacancy

−$11.0K −$2.16/SF

EGI

$98.8K $19.44/SF

− OpEx

−$37.0K −$7.29/SF

NOI

$61.7K $12.15/SF

Area

Lincoln, NE

Vacancy

10.00%

Lease Rate

$21.60 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,234,440

Cap Rate 7%

$881,743

Cap Rate 9%

$685,800

Alternative Uses

Best Use

Mixed Use

$881.7K

$771.5K – $1.03M (±1% cap)

NOI $61,722 @ 7.0% cap · market cap 6.20%

Second Best

Retail

$855.0K

$748.1K – $997.5K (±1% cap)

NOI $59,847 @ 7.0% cap · market cap 6.01%

Theoretical Best

Office A

$1.25M

$1.09M – $1.45M (±1% cap)

NOI $87,178 @ 7.0% cap · market cap 8.76%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

American Classifieds Advertising Agency cloud 9 smoke ... (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Kitchen & Bath Showroom Plumbing Service Bakery (Bike/Boat/Book/etc) Store Electrical Service Catering Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant

Tenancy

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

503

Businesses Nearby

167k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Dining 37% Apparel 33% Shops & Services 16% Home Improvements & Furnishings 12%

T.J. Maxx Apparel

40,556 visits/mo 0.5 miles

McAlister's Deli Dining

15,557 visits/mo 0.5 miles

Westlake Ace Hardware Home Improvements & Furnishings

12,997 visits/mo 0.5 miles

Runza Dining

10,575 visits/mo 0.4 miles

Fazoli's Dining

10,106 visits/mo 0.4 miles

Demographics for 68504, NE

17,155

Population

8,793

Households

2

Avg Household Size

31

Median Age

33%

College-Educated

93%

High-School Grad

7.0 sq mi

ZIP Area

2,451

Density / Sq Mi

$52,159

Median Household Income

$32,787

Median Earnings

$1,014

Median Rent

$169,000

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Retail, car lot, storage, and billboard uses contribute to the property’s mix of income sources.

Where is this mixed-use property located?

The property is located at 1240 N 48TH ST Lincoln, NE.

What is the asking price?

The asking price for this property is $995,000.

What are key features of this property?

This property features: 5,080 square feet of mixed‑use property; Income sources include retail, a car lot, storage tenancy, and a billboard; Access points from three directions