Retail Development Pad
For Sale
Contact for pricing
2500 S 84TH ST LOT D, Lincoln, NE 68532
New retail development with pad sites on a prime corner at a high-traffic intersection.
Property Size7,000 SF
Price / SF$190.29
Days on Market106
Property Features for 2500 S 84TH ST LOT D
General Information
Standard status
Active
Size
7,000 SF
Property subtype
Retail, Office, Land
Zoning
B-2
Additional Details
Traffic Count
32,400 vehicles/day
Building Details
Units
1
Listing Agency:
Line Partners
Listed By:
Mattison Wenzl · License #20180590
(402) 540-8587
Source:
Crexi
Added: May 29
Changed: Sep 10
Last Checked: Sep 11 at 6:39AM
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 Line Partners
Investment Insights
Based on property information with market context.
New retail development with available leasing space and multiple pad sites at the corner of 84th and Van Dorn. The site is described as a high-visibility location within a growing corridor, with a noted traffic count of 32,400 VPD.
The development plans include pad sites suitable for restaurants, quick-service concepts, retail, and service providers, along with a stated large anchor opportunity for a grocery or big-box retailer. Mixed-use flexibility is also noted for medical, office, or lifestyle tenants.
Road and utility infrastructure is scheduled for completion in July of 2026. Additional development context includes proximity to the emerging Wandering Creek and Firethorn Golf Club neighborhoods, as referenced in the offering materials.
The development plans include pad sites suitable for restaurants, quick-service concepts, retail, and service providers, along with a stated large anchor opportunity for a grocery or big-box retailer. Mixed-use flexibility is also noted for medical, office, or lifestyle tenants.
Road and utility infrastructure is scheduled for completion in July of 2026. Additional development context includes proximity to the emerging Wandering Creek and Firethorn Golf Club neighborhoods, as referenced in the offering materials.
Key Highlights
- New retail development for lease on a prime corner at the intersection of 84th & Van Dorn in East Lincoln
- High‑traffic location with 32,400 VPD at 84th & Van Dorn for strong drive‑by exposure
- Planned pad sites suitable for restaurants, quick service, retail, and service providers
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
$82,467
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
6.19%
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%
$1,649,340
$1.6M
Cap Rate 7%
$1,178,100
$1.2M
Cap Rate 9%
$916,300
$916.3K
Market Conditions
NOI Build-Up for 7,000 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
$126.0K $18.00/SF
− Vacancy
−$8.2K −$1.17/SF
EGI
$117.8K $16.83/SF
− OpEx
−$35.3K −$5.05/SF
NOI
$82.5K $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%
$1,649,340
Cap Rate 7%
$1,178,100
Cap Rate 9%
$916,300
Alternative Uses
Best Use
Retail
$1.18M
$1.03M – $1.37M
NOI $82,467 @ 7.0% cap · market cap 6.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.72M
$1.50M – $2.00M
NOI $120,127 @ 7.0% cap · market cap 9.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
32,400 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
149
Businesses Nearby
19k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 55%
Dining 36%
Shops & Services 5%
Beauty & Spa 4%
Fareway
Groceries
10,487 visits/mo
0.4 miles
Scooter's Coffee
Dining
6,850 visits/mo
0.3 miles
Lincoln Federal Savings Bank
Shops & Services
1,047 visits/mo
0.2 miles
Great Clips
Beauty & Spa
842 visits/mo
0.3 miles
Demographics for 68532, NE
683
Population
233
Households
2.9
Avg Household Size
44
Median Age
56%
College-Educated
100%
High-School Grad
11.3 sq mi
ZIP Area
60
Density / Sq Mi
$170,000
Median Household Income
$76,417
Median Earnings
$553,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Commercial land - New retail development with pad sites on a prime corner at a high-traffic intersection.
Where is this commercial land located?
The property is located at 2500 S 84TH ST LOT D Lincoln, NE.
What is the asking price?
The asking price for this property is $1,332,000.
What are key features of this property?
This property features: New retail development for lease on a prime corner at the intersection of 84th & Van Dorn in East Lincoln; High‑traffic location with 32,400 VPD at 84th & Van Dorn for strong drive‑by exposure; Planned pad sites suitable for restaurants, quick service, retail, and service providers
