Office/Flex Building with
3151 South St Lincoln, NE 68502
For Sale
Contact for pricing
Pending
Office/flex building on 0.55 acres with 25 on-site parking stalls and 3-phase electrical service.
Property Size7,728 SF
Lot Size0.55 Acres
Days on Market366
Property Features for 3151 South St
General Information
Standard status
Pending
Size
7,728 SF
Lot size
0.55 Acres
Property subtype
OFFICE
Listing Agency:
NAI FMA Realty
(402) 202-7725
Listed By:
Thomas Graf, CCIM
(402) 202-7725
Source:
Moodyscre
Added: Jul 30, 2025
Changed: Jul 28
Last Checked: Jul 29 at 3:32PM
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 office/flex building offers a functional layout in a standalone setting, built in 1975. The property includes 3-phase electrical service and 25 on-site parking stalls, supporting a range of professional office or flex uses.
The building is zoned B-1 and is described as highly visible with excellent access to arterial routes, with close proximity to downtown Lincoln.
Available for sale, the property is configured as an office/flex space totaling 7,728 SF, positioned on 0.55 acres for owner-users or investors seeking adaptable commercial space.
The building is zoned B-1 and is described as highly visible with excellent access to arterial routes, with close proximity to downtown Lincoln.
Available for sale, the property is configured as an office/flex space totaling 7,728 SF, positioned on 0.55 acres for owner-users or investors seeking adaptable commercial space.
Key Highlights
- 7,728 SF office/flex building on 0.55 acres in central Lincoln
- Zoned B‑1, offering flexibility for a wide range of commercial uses
- 25 on‑site parking stalls
Financial Insights For Industrial
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 | $110.4k | $14.28 |
| − Vacancy | −$2.9k | −$0.37 |
| EGI | $107.5k | $13.91 |
| − OpEx | −$32.2k | −$4.17 |
| NOI | $75.2k | $9.74 |
7,728 SF · lease $14.28/SF/yr · vacancy 2.60% · expense 30.00%
Alternative Uses
Best Use
Healthcare Medical
$1.48M
$1.29M – $1.72M
NOI $103,493 @ 7.0% cap · market cap 11.19%
Second Best
Office B
$1.39M
$1.22M – $1.62M
NOI $97,373 @ 7.0% cap · market cap 10.53%
Theoretical Best
Office A
$1.89M
$1.66M – $2.21M
NOI $132,620 @ 7.0% cap · market cap 14.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- The Giggling Gourmet - Catering Lincoln, NE — 2401 Colonial Dr, Lincoln, NE 68502, United States
Frequently Asked Questions
What type of property is this?
Flex space - Office/flex building on 0.55 acres with 25 on-site parking stalls and 3-phase electrical service.
Where is this flex space located?
The property is located at 3151 South St Lincoln, NE.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: 7,728 SF office/flex building on 0.55 acres in central Lincoln; Zoned B‑1, offering flexibility for a wide range of commercial uses; 25 on‑site parking stalls
