Two-Story Office Building in
For Sale
Contact for pricing
1301 West Highland Boulevard, Lincoln, NE 68521
Two-story office building with easy access to major highways.
Property Size137,671 SF
Lot Size12.17 Acres
Price / SF$0.00
Days on Market213
Property Features for 1301 West Highland Boulevard
General Information
Standard status
Active
Size
137,671 SF
Lot size
12.17 Acres
Property subtype
Office
Site & Location
Neighborhood
Highlands
Properties For Sale
at 1301 West Highland Boulevard Contact usFirst Floor Available
Size
71,410 SF
Type
Office
Second Floor Available
Size
71,018 SF
Type
Office
Listing Agency:
CBRE - Omaha
Listed By:
Cole Scott · License #01234567
(402) 697-5808
Source:
Cbre
Added: Mar 25
Changed: Oct 21
Last Checked: Oct 23 at 3:59AM
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 CBRE - Omaha
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Investment Insights
Based on property information with market context.
This two-story, single-tenant office building is located in northwest Lincoln, at the southwest corner of NW 12th Street and W Highland Boulevard. The property offers convenient access to I-80 and Highway 34. The building is Energy Star certified and features a concrete exterior facade. Situated on 12.17 acres, the property includes large break areas, such as a cafeteria-style lunchroom. LED lighting is installed throughout the building. The office layouts vary, and large windows provide natural light. The parking ratio is 4.5 spaces per 1,000 square feet. A 200-kw diesel-powered Olympian backup generator provides backup power to the building. The property is located in a growing industrial area, directly east of the Lincoln Airport. The building size is 137671 square feet.
Key Highlights
- Convenient location with easy access to I‑80 and Highway 34.
- Energy Star certified building with a beautiful exterior facade.
- Backup power provided by a 200‑kw diesel‑powered Olympian generator.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,734,655
Suggested Prices Based on Cap Rates
Cap Rate 5%
$34,693,100
$34.7M
Cap Rate 7%
$24,780,786
$24.8M
Cap Rate 9%
$19,273,944
$19.3M
Market Conditions
NOI Build-Up for 137,671 SF
Gross rent
$2.89M $21.00/SF
− Vacancy
−$578.2K −$4.20/SF
EGI
$2.31M $16.80/SF
− OpEx
−$578.2K −$4.20/SF
NOI
$1.73M $12.60/SF
Area
Lincoln, NE
Vacancy
20.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$34,693,100
Cap Rate 7%
$24,780,786
Cap Rate 9%
$19,273,944
Alternative Uses
Best Use
Office B
$24.78M
$21.68M – $28.91M
NOI $1,734,655 @ 7.0% cap · market cap 11,564,366.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$33.75M
$29.53M – $39.38M
NOI $2,362,567 @ 7.0% cap · market cap 15,750,446.67%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
105
Businesses Nearby
Explore this area
Business Placement
Demographics for 68521, NE
37,251
Population
15,657
Households
2.4
Avg Household Size
31
Median Age
32%
College-Educated
88%
High-School Grad
13.2 sq mi
ZIP Area
2,822
Density / Sq Mi
$66,902
Median Household Income
$38,755
Median Earnings
$1,196
Median Rent
$235,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - Two-story office building with easy access to major highways.
Where is this office building located?
The property is located at 1301 West Highland Boulevard Lincoln, NE.
What are key features of this property?
This property features: Convenient location with easy access to I‑80 and Highway 34.; Energy Star certified building with a beautiful exterior facade.; Backup power provided by a 200‑kw diesel‑powered Olympian generator.
