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    Office Building with Income Potential Title is generated by Realmo AI

    127 S 37th St, Lincoln, NE

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    Well-maintained office building with tenant in place and upside.

    Type:OFFICE
    Property size:
    5,270 SF
    Lot size:
    0.53 Acres
    Price / SF:
    $187/SF
    Added:
    Apr 18, 2025
    Days on Market:
    423
    Last Refresh:
    May 20 at 9:43 pm

    Property Features for 127 S 37th St

    General Information

    Standard status
    Active
    Size
    5,270 SF
    Lot size
    0.53 Acres
    Property subtype
    OFFICE

    Properties For Sale

    at 127 S 37th St Contact us

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    Listing Contact
    Jared Froehlich, CCIM, SIOR

    Listing agent Jared Froehlich, CCIM, SIOR

    Listing office NAI FMA Realty

    Listing date Apr 18, 2025

    Source Moodyscre

    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

    • Centrally located office building.
    • Offers flexibility for investors and owner‑users.
    • One suite currently leased, providing stable income.
    • Second suite available for immediate occupancy.
    • Existing tenant has 3 years remaining on the lease.
    • Well‑maintained property.

    Overview

    This centrally located office building offers flexibility for investors and owner-users. The property is well-maintained and features one suite currently leased, while the other is available for immediate occupancy. The existing tenant has 3 years remaining on the lease, providing stable income with upside potential. The property has a size of 5270 square feet.

    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.
    Property Profile 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
    -96.6686
    Latitude
    40.8129

    FAQs

    What type of property is this?
    Office building - Well-maintained office building with tenant in place and upside.
    Where is this office building located?
    The property is located at 127 S 37th St 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: Centrally located office building.; Offers flexibility for investors and owner‑users.; One suite currently leased, providing stable income.
    (402) 570-9991 Call to check price and availability
    More about this property
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