Flex Industrial Space with
For Sale
Contact for pricing
1920 SW 6th St, Lincoln, NE 68522
4,500 SF flex unit combines office and shop/warehouse areas with convenient loading access and ample on-site parking.
Property Size4,500 SF
Price / SF$150
Days on Market144
Property Features for 1920 SW 6th St
General Information
Standard status
Active
Size
4,500 SF
Class
B
Property subtype
Industrial
Zoning
I-1
Building Details
Year Built
2003
Listing Agency:
Pinnacle Commercial Group
Listed By:
Robert Peterson · License #NE 0800114
Source:
Crexi
Added: Apr 16
Changed: Aug 27
Last Checked: Aug 30 at 6:36PM
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 Pinnacle Commercial Group
Investment Insights
Based on property information with market context.
This 4,500 SF flex industrial space offers a practical combination of office and shop/warehouse environment within one unit. The layout is designed to support day-to-day administration alongside hands-on operational space, with open areas suitable for equipment or inventory and dedicated office space for managing business activities.
Located in southwest Lincoln, the unit at 1920 SW 6th St, Unit 1 provides convenient access for loading and deliveries. The property also includes ample on-site parking for staff and customers, supporting efficient arrival and day-to-day operations.
The space is positioned for businesses seeking an integrated office-and-operations setup for light industrial, warehouse, or service-based uses, with room to accommodate workflow from the office through the shop/warehouse areas.
Located in southwest Lincoln, the unit at 1920 SW 6th St, Unit 1 provides convenient access for loading and deliveries. The property also includes ample on-site parking for staff and customers, supporting efficient arrival and day-to-day operations.
The space is positioned for businesses seeking an integrated office-and-operations setup for light industrial, warehouse, or service-based uses, with room to accommodate workflow from the office through the shop/warehouse areas.
Key Highlights
- 4,500 SF flex industrial space at 1920 SW 6th St, Unit 1 in southwest Lincoln, NE
- 2003 construction with a layout combining office and shop/warehouse areas
- Designed for light industrial, warehouse, or service‑based operations
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
$56,700
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
8.40%
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%
$1,134,000
$1.1M
Cap Rate 7%
$810,000
$810.0K
Cap Rate 9%
$630,000
$630.0K
Market Conditions
NOI Build-Up for 4,500 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
$94.5K $21.00/SF
− Vacancy
−$18.9K −$4.20/SF
EGI
$75.6K $16.80/SF
− OpEx
−$18.9K −$4.20/SF
NOI
$56.7K $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%
$1,134,000
Cap Rate 7%
$810,000
Cap Rate 9%
$630,000
Alternative Uses
Best Use
Office B
$810.0K
$708.8K – $945.0K
NOI $56,700 @ 7.0% cap · market cap 8.40%
Second Best
Warehouse
$760.0K
$665.0K – $886.7K
NOI $53,201 @ 7.0% cap · market cap 7.88%
Theoretical Best
Office A
$1.10M
$965.3K – $1.29M
NOI $77,224 @ 7.0% cap · market cap 11.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
268
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 68522, NE
14,496
Population
4,682
Households
3.1
Avg Household Size
33
Median Age
26%
College-Educated
87%
High-School Grad
10.6 sq mi
ZIP Area
1,368
Density / Sq Mi
$77,151
Median Household Income
$35,788
Median Earnings
$1,204
Median Rent
$225,400
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Flex space - 4,500 SF flex unit combines office and shop/warehouse areas with convenient loading access and ample on-site parking.
Where is this flex space located?
The property is located at 1920 SW 6th St Lincoln, NE.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: 4,500 SF flex industrial space at 1920 SW 6th St, Unit 1 in southwest Lincoln, NE; 2003 construction with a layout combining office and shop/warehouse areas; Designed for light industrial, warehouse, or service‑based operations
