Freestanding Retail Building with Second-Level
For Sale
Contact for pricing
Pending
1801 O St, Lincoln, NE 68508
Freestanding retail building with high ceilings, an open floor plan, and on-site parking plus second-level office space.
Property Size8,050 SF
Days on Market175
Property Features for 1801 O St
General Information
Standard status
Pending
Size
8,050 SF
Property subtype
RETAIL
Building Details
Buildings
1
Listing Agency:
NAI FMA Realty
(402) 580-0208
Listed By:
Andy Widman · License #20220676
(402) 580-0208
Source:
Moodyscre
Added: Feb 13
Changed: Jul 30
Last Checked: Aug 7 at 6:07AM
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
Investment Insights
Based on property information with market context.
Freestanding retail building offering 8,050 SF of flexible interior space. The layout includes high ceilings and an open floor plan suited for retail merchandising and display configurations, along with backroom storage to support day-to-day operations. A second-level office space adds space that can be used for administrative needs or other back-office functions.
The property is positioned along Lincoln’s busy “O” Street corridor, designed to capture strong visibility from a well-traveled commercial area. On-site parking is available for customers and staff.
With an open main area and practical storage support, this building can accommodate a range of retail, showroom, specialty sales, or adaptive reuse concepts for an owner-user or investor.
The property is positioned along Lincoln’s busy “O” Street corridor, designed to capture strong visibility from a well-traveled commercial area. On-site parking is available for customers and staff.
With an open main area and practical storage support, this building can accommodate a range of retail, showroom, specialty sales, or adaptive reuse concepts for an owner-user or investor.
Key Highlights
- 8,050 SF freestanding retail building
- High ceilings and an open floor plan for flexible merchandising or display
- Second‑level office space
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
$94,837
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
7.90%
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%
$1,896,740
$1.9M
Cap Rate 7%
$1,354,814
$1.4M
Cap Rate 9%
$1,053,744
$1.1M
Market Conditions
NOI Build-Up for 8,050 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
$144.9K $18.00/SF
− Vacancy
−$9.4K −$1.17/SF
EGI
$135.5K $16.83/SF
− OpEx
−$40.6K −$5.05/SF
NOI
$94.8K $11.78/SF
Area
Lincoln, NE
Vacancy
6.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
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%
$1,896,740
Cap Rate 7%
$1,354,814
Cap Rate 9%
$1,053,744
Alternative Uses
Best Use
Retail
$1.35M
$1.19M – $1.58M
NOI $94,837 @ 7.0% cap · market cap 7.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.97M
$1.73M – $2.30M
NOI $138,146 @ 7.0% cap · market cap 11.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,710
Businesses Nearby
77k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 50%
Shops & Services 48%
Hotels & Casinos 1%
Apparel 1%
Wendy's
Dining
16,699 visits/mo
0.4 miles
Casey's General Store
Shops & Services
6,806 visits/mo
0.2 miles
Pickleman's Gourmet Cafe
Dining
6,346 visits/mo
0.3 miles
Family Dollar
Shops & Services
6,239 visits/mo
0.4 miles
Union Bank & Trust
Shops & Services
5,083 visits/mo
0.1 miles
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
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Freestanding retail building with high ceilings, an open floor plan, and on-site parking plus second-level office space.
Where is this retail space located?
The property is located at 1801 O St Lincoln, NE.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 8,050 SF freestanding retail building; High ceilings and an open floor plan for flexible merchandising or display; Second‑level office space
