Stand-Alone Office
For Sale
Contact for pricing
3031 NW 12th St, Lincoln, NE 68521
Move-in ready stand-alone office building with reception, open workspace, conference room, and break room.
Property Size5,867 SF
Price / SF$169.59
Days on Market137
Property Features for 3031 NW 12th St
General Information
Standard status
Active
Size
5,867 SF
Property subtype
OFFICE
Additional Details
Highway Access
Yes
Amenities
reception area
open workspace
conference room
break room
Listing Agency:
NAI FMA Realty
(402) 770-6908
Listed By:
Marc Hausmann, CCIM, SIOR
(402) 770-6908
Source:
Moodyscre
Added: Mar 24
Changed: Jul 26
Last Checked: Aug 6 at 6:30AM
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.
This stand-alone office building offers a functional layout designed for everyday professional use. The interior includes a reception area, open workspace, conference room, and break room, supporting both collaborative and client-facing needs.
The property is located in northwest Lincoln with immediate access to I-80 and proximity to Lincoln Airport, and it is described as providing convenient access to downtown and major transportation routes.
Available for sale as a single, stand-alone office asset, the building provides flexibility for owner-users or investors looking for a move-in ready office option with a straightforward commercial floor plan.
The property is located in northwest Lincoln with immediate access to I-80 and proximity to Lincoln Airport, and it is described as providing convenient access to downtown and major transportation routes.
Available for sale as a single, stand-alone office asset, the building provides flexibility for owner-users or investors looking for a move-in ready office option with a straightforward commercial floor plan.
Key Highlights
- 5,867 SF stand‑alone office building in northwest Lincoln
- Move‑in ready interior layout with reception, open workspace, conference room, and break room
- Immediate access to I‑80
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
$73,924
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
7.43%
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%
$1,478,480
$1.5M
Cap Rate 7%
$1,056,057
$1.1M
Cap Rate 9%
$821,378
$821.4K
Market Conditions
NOI Build-Up for 5,867 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
$123.2K $21.00/SF
− Vacancy
−$24.6K −$4.20/SF
EGI
$98.6K $16.80/SF
− OpEx
−$24.6K −$4.20/SF
NOI
$73.9K $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%
$1,478,480
Cap Rate 7%
$1,056,057
Cap Rate 9%
$821,378
Alternative Uses
Best Use
Office B
$1.06M
$924.1K – $1.23M
NOI $73,924 @ 7.0% cap · market cap 7.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.44M
$1.26M – $1.68M
NOI $100,683 @ 7.0% cap · market cap 10.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
162
Businesses Nearby
Explore this area
Business Placement
Demographics for 68521, NE
37,251
Population
15,657
Households
2.4
Avg Household Size
31
Median Age
32%
College-Educated
88%
High-School Grad
13.2 sq mi
ZIP Area
2,822
Density / Sq Mi
$66,902
Median Household Income
$38,755
Median Earnings
$1,196
Median Rent
$235,600
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 building - Move-in ready stand-alone office building with reception, open workspace, conference room, and break room.
Where is this office building located?
The property is located at 3031 NW 12th St Lincoln, NE.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: 5,867 SF stand‑alone office building in northwest Lincoln; Move‑in ready interior layout with reception, open workspace, conference room, and break room; Immediate access to I‑80
