Brick Office
New
For Sale
$595,000
1345 New Hampshire St, Lincoln, NE 68508
Two floors provide distinct areas within a commercial building zoned B-3.
Property Size1,880 SF
Lot Size0.89 Acres
Price / SF$139.80
Days on Market4
Property Features for 1345 New Hampshire St
General Information
Standard status
Active
Size
1,880 SF
Class
C
Lot size
0.89 Acres
Property subtype
Office
Zoning
B-3
Additional Details
Asking Price
$595,000
Building Details
Building Size
1,880 SF
Year Built
1910
Buildings
1
Stories
2
Construction
brick
Listing Agency:
NAI FMA Realty
Listed By:
Mike Ball
(402) 730-2205
Source:
Naiglobal
Added: Oct 19
Changed: Oct 20
Last Checked: Oct 20 at 6:11PM
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
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Investment Insights
Based on property information with market context.
This two-level office property contains approximately 4,256 square feet, with 3,072 square feet on the ground floor and 1,184 square feet upstairs. Solid brick construction, heating and cooling throughout, and on-site parking are among its existing features. The parcel encompasses approximately 0.89 acres, and the property is zoned B-3 Commercial District.
Street parking is also available. The building is in central Lincoln, Nebraska.
Street parking is also available. The building is in central Lincoln, Nebraska.
Key Highlights
- Approximately 4,256 SF of building area on a 0.89‑acre lot
- Ground floor: 3,072 SF; second floor: 1,184 SF
- B‑3 Commercial District zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,626
Cap Rate
9.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,072,520
$1.1M
Cap Rate 7%
$766,086
$766.1K
Cap Rate 9%
$595,844
$595.8K
Market Conditions
NOI Build-Up for 4,256 SF
Gross rent
$89.4K $21.00/SF
− Vacancy
−$17.9K −$4.20/SF
EGI
$71.5K $16.80/SF
− OpEx
−$17.9K −$4.20/SF
NOI
$53.6K $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%
$1,072,520
Cap Rate 7%
$766,086
Cap Rate 9%
$595,844
Alternative Uses
Best Use
Office B
$766.1K
$670.3K – $893.8K
NOI $53,626 @ 7.0% cap · market cap 9.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.04M
$913.0K – $1.22M
NOI $73,037 @ 7.0% cap · market cap 12.28%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
829
Businesses Nearby
Explore this area
Business Placement
Demographics for 68508, NE
17,249
Population
7,076
Households
2.4
Avg Household Size
24
Median Age
35%
College-Educated
90%
High-School Grad
3.0 sq mi
ZIP Area
5,750
Density / Sq Mi
$33,561
Median Household Income
$10,349
Median Earnings
$760
Median Rent
$121,400
Median Home Value
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - Two floors provide distinct areas within a commercial building zoned B-3.
Where is this office building located?
The property is located at 1345 New Hampshire St Lincoln, NE.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Approximately 4,256 SF of building area on a 0.89‑acre lot; Ground floor: 3,072 SF; second floor: 1,184 SF; B‑3 Commercial District zoning
