White-Box Office
For Sale
Contact for pricing
1400 Dahlberg Drive Unit #A, Lincoln, NE 68512
Office unit with installed HVAC, completed restroom, finished flooring, and taped drywall, ready for final interior improvements.
Property Size1,800 SF
Price / SF$255.56
Days on Market76
Property Features for 1400 Dahlberg Drive Unit #A
General Information
Standard status
Active
Size
1,800 SF
Property subtype
Office
Zoning
H-4
Building Details
Year Built
2014
Tenancy
Multi
Listing Agency:
Colliers - Omaha, Nebraska
(402) 440-9507
Listed By:
Amy Olson · License #20160434
Source:
Crexi
Added: Jun 17
Changed: Aug 29
Last Checked: Aug 30 at 4:19PM
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 Colliers - Omaha, Nebraska
Investment Insights
Based on property information with market context.
This 1,800-square-foot office unit is offered in warm white-box condition, providing a finished starting point for the next owner’s interior buildout. Core improvements already in place include an installed HVAC unit, completed bathroom, finished flooring, and drywall that has been taped. The property was built in 2014 and is zoned H-4.
Located at 1400 Dahlberg Drive, Unit A, the building offers street exposure and on-site parking. The configuration suits an owner seeking a defined office space with several major interior components completed before final improvements.
Located at 1400 Dahlberg Drive, Unit A, the building offers street exposure and on-site parking. The configuration suits an owner seeking a defined office space with several major interior components completed before final improvements.
Key Highlights
- 1,800‑square‑foot office unit
- Warm white‑box condition for final interior improvements
- HVAC installed; bathroom complete; flooring finished
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$22,680
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.93%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$453,600
$453.6K
Cap Rate 7%
$324,000
$324.0K
Cap Rate 9%
$252,000
$252.0K
Market Conditions
NOI Build-Up for 1,800 SF
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.
Gross rent
$37.8K $21.00/SF
− Vacancy
−$7.6K −$4.20/SF
EGI
$30.2K $16.80/SF
− OpEx
−$7.6K −$4.20/SF
NOI
$22.7K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$453,600
Cap Rate 7%
$324,000
Cap Rate 9%
$252,000
Alternative Uses
Best Use
Office B
$324.0K
$283.5K – $378.0K
NOI $22,680 @ 7.0% cap · market cap 4.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$441.3K
$386.1K – $514.8K
NOI $30,890 @ 7.0% cap · market cap 6.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
345
Businesses Nearby
Explore this area
Business Placement
Demographics for 68512, NE
13,492
Population
5,898
Households
2.3
Avg Household Size
38
Median Age
51%
College-Educated
98%
High-School Grad
9.1 sq mi
ZIP Area
1,483
Density / Sq Mi
$101,828
Median Household Income
$54,503
Median Earnings
$1,242
Median Rent
$295,900
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Office unit with installed HVAC, completed restroom, finished flooring, and taped drywall, ready for final interior improvements.
Where is this office units located?
The property is located at 1400 Dahlberg Drive Unit #A Lincoln, NE.
What is the asking price?
The asking price for this property is $460,000.
What are key features of this property?
This property features: 1,800‑square‑foot office unit; Warm white‑box condition for final interior improvements; HVAC installed; bathroom complete; flooring finished
