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    Central Lincoln Office Building Opportunity Title is generated by Realmo AI

    127 S 37th Street, Lincoln, NE 68510

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    For Sale
    $990,000

    Partially leased office building with income and occupancy potential.

    Type:Office - General Office
    Property size:
    5,270 SF
    Price / 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

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    Listing Contact
    Jared Froehlich

    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 (±1% cap)
    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 (±1% cap)
    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

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Lincoln
    County
    Lancaster
    State
    Nebraska
    Longitude
    -96.6686007
    Latitude
    40.8128603

    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
    More about this property
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