Central Lincoln Office Building
127 S 37th Street, Lincoln, NE 68510
Partially leased office building with income and occupancy potential.
Type:Office - General Office
Property size:
5,270 SFPrice / SF:
$187/SF- Added:
- May 14, 2026
- Days on Market:
- 20
- Last Refresh:
- May 14 at 4:52 am
Property Features for 127 S 37th Street
General Information
- Standard status
- Active
- Size
- 5,270 SF
- Property subtype
- Office - General Office
Building Details
- Year Built
- 2007
Listing agent Jared Froehlich
Listing office NAI FMA Realty
Listing date May 14, 2026
Source Commercialcafe
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 NAI FMA Realty
HighLights
- Prime central Lincoln location, one block south of O Street
- Investment or owner‑user opportunity with in‑place income
- Approximately 2,600 SF of available office space for lease or owner occupancy
- Existing lease provides in‑place income with three years remaining
- Functional 2,600 SF suite layout includes seven private offices, file room, break room, reception area, and two restrooms
- Available suite includes washer/dryer hookups
Overview
Located one block south of O Street in central Lincoln, this property offers a convenient position within one of the city’s primary commercial corridors. The 5,270 square foot office building is partially leased, with approximately 2,600 square feet occupied and three years remaining on the lease, providing in-place income. The remaining 2,600 square feet is available for lease, offering upside potential through lease-up or owner occupancy. This dual-income/occupancy opportunity is an option for investors or users seeking a central Lincoln location. The available suite features a functional layout including seven private offices, a file room, break room, reception area with waiting room, two private restrooms, and a shower. The space also includes washer/dryer hookups. The site benefits from proximity to retail, dining, and service amenities, along with easy access to major arterial roads. This central location provides connectivity for both employees and clients, making it suitable for professional or service-oriented users.
Local Financial Insights For Office B
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 | $110.7k | $21.00 |
| − Vacancy | −$22.1k | −$4.20 |
| EGI | $88.5k | $16.80 |
| − OpEx | −$22.1k | −$4.20 |
| NOI | $66.4k | $12.60 |
5,270 SF · lease $21.00/SF/yr · vacancy 20.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$948.6K
$830.0K – $1.11M
NOI $66,402 @ 7.0% cap · market cap 6.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.29M
$1.13M – $1.51M
NOI $90,438 @ 7.0% cap · market cap 9.14%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Dr. Dianna M. ...
Physician
Dr. Rebecca Braymen
Physician
T M S ...
Medical Clinic
Thomas R PHD: ...
Physician
Farm Bureau Financial ...
Insurance Agency
Location Insight
- Map
- Local Demand
- City
- Lincoln
- County
- Lancaster
- State
- Nebraska
- Longitude
- -96.6686007
- Latitude
- 40.8128603
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - Partially leased office building with income and occupancy potential.
Where is this office building located?
The property is located at 127 S 37th Street Lincoln, NE.
What is the asking price?
The asking price for this property is $990,000.
What are key features of this property?
This property features: Prime central Lincoln location, one block south of O Street; Investment or owner‑user opportunity with in‑place income; Approximately 2,600 SF of available office space for lease or owner occupancy
