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    Leased Mixed-Use Building For Sale Title is generated by Realmo AI

    1523 N Cotner Blvd, Lincoln, NE

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    Fully leased mixed-use building with retail and residential units.

    Type:RETAIL
    Property size:
    1,975 SF
    Lot size:
    0.08 Acres
    Price / SF:
    $144/SF
    Added:
    Jun 6, 2025
    Days on Market:
    387
    Last Refresh:
    May 20 at 8:21 pm

    Property Features for 1523 N Cotner Blvd

    General Information

    Standard status
    Active
    Size
    1,975 SF
    Lot size
    0.08 Acres
    Property subtype
    RETAIL

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    Jared Froehlich, CCIM, SIOR

    Listing office NAI FMA Realty

    Listing date Jun 6, 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

    • Fully leased, mixed‑use building providing steady cash flow.
    • New five‑year lease renewal on retail space ensures long‑term income stability.
    • Priced at $275,000 with a 6.59% cap rate.
    • Extensively renovated in recent years, offering a turnkey investment with minimal upkeep.
    • Convenient private parking lot at the rear of the property.
    • Zoned B‑1, allowing for a variety of commercial uses.

    Overview

    Located at 1523 N. Cotner Blvd. in Lincoln, this fully leased, mixed-use building offers an investment opportunity with steady cash flow. The property, priced at $275,000, has a 6.59% cap rate and features 1,975 square feet. It includes 1,000 square feet of main-floor retail space and two residential units totaling 975 square feet on the second level. A new five-year lease renewal has been signed on the retail space. The property has been renovated in recent years. Situated just off Holdrege Street in a well-established neighborhood, the building benefits from visibility and local traffic. A private parking lot is located at the rear of the property. Zoned B-1, the site allows for a variety of commercial uses. On-site basement storage is available, and tasteful updates are present throughout. It is located in one of Lincoln’s solid infill submarkets.

    Local Financial Insights For Mixed Use

    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 $42.7k $21.60
    − Vacancy −$4.3k −$2.16
    EGI $38.4k $19.44
    − OpEx −$14.4k −$7.29
    NOI $24.0k $12.15
    1,975 SF · lease $21.60/SF/yr · vacancy 10.00% · expense 37.50%

    Alternative Uses

    Best Use
    Mixed Use
    $342.8K
    $300.0K – $399.9K (±1% cap)
    NOI $23,996 @ 7.0% cap · market cap 8.42%
    Second Best
    Retail
    $332.4K
    $290.8K – $387.8K (±1% cap)
    NOI $23,267 @ 7.0% cap · market cap 8.16%
    Theoretical Best
    Office A
    $484.2K
    $423.7K – $564.9K (±1% cap)
    NOI $33,893 @ 7.0% cap · market cap 11.89%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Lincoln
    County
    Lancaster
    State
    Nebraska
    Longitude
    -96.6309
    Latitude
    40.8283

    FAQs

    What type of property is this?
    Mixed-use property - Fully leased mixed-use building with retail and residential units.
    Where is this mixed-use property located?
    The property is located at 1523 N Cotner Blvd Lincoln, NE.
    What is the asking price?
    The asking price for this property is $285,000.
    What are key features of this property?
    This property features: Fully leased, mixed‑use building providing steady cash flow.; New five‑year lease renewal on retail space ensures long‑term income stability.; Priced at $275,000 with a 6.59% cap rate.
    (402) 570-9991 Call to check price and availability
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