Lincoln Landmark Investment
3701 Ost Lincoln, NE
3701 Ost, Lincoln, NE, 00000
Contact for pricing
For Sale
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Versatile, fully leased office building with redevelopment potential.
Property Size13,680 SF
Lot Size0.75 Acres
Price / SF$113.30
Days on Market308
Property Features for 3701 Ost
General Information
- Standard status
- Active
- Size
- 13,680 SF
- Lot size
- 0.75 Acres
- Property subtype
- OFFICE
Listing Agency
Nebraska Realty
(402) 429-6810
Listed by
Maxwell Sandquist
(402) 429-6810
Source
Moodyscre
Added: Sep 13, 2025 Checked: Jul 17 at 5:01 am
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 Nebraska Realty
Investment Insights
Based on property information with market context.
This 13,680 square foot, three-level office building is located on a busy corridor and is currently fully leased with long-term tenants. The property is zoned for office, retail, and residential use, providing flexibility for future use or redevelopment. Concrete floors mitigate sound transfer, while brick walls and free-span steel joists eliminate load-bearing walls, allowing layout freedom. A new roof was installed in 2024. The property includes 65 parking stalls. A 1,344 square foot heated and insulated auxiliary building, constructed in 2008 with Hardieboard and brick, provides additional income possibilities. Most tenants are long term, however leases have been re-structured to be month to month for flexibility of new owner.
Key Highlights
- Fully leased, 3‑level office building (13,680 SF) generating strong cash flow.
- Prime location on Lincoln's busiest corridor with ample signage and premier visibility.
- Flexible zoning (office, retail, residential) allows for future use or redevelopment.
Local 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 | $195.4k | $14.28 |
| − Vacancy | −$5.1k | −$0.37 |
| EGI | $190.3k | $13.91 |
| − OpEx | −$57.1k | −$4.17 |
| NOI | $133.2k | $9.74 |
13,680 SF · lease $14.28/SF/yr · vacancy 2.60% · expense 30.00%
Alternative Uses
Best Use
Office B
$2.46M
$2.15M – $2.87M
NOI $172,368 @ 7.0% cap · market cap 11.12%
Second Best
Retail
$2.30M
$2.01M – $2.69M
NOI $161,164 @ 7.0% cap · market cap 10.40%
Theoretical Best
Office A
$3.35M
$2.93M – $3.91M
NOI $234,762 @ 7.0% cap · market cap 15.15%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Vantage Psychotherapy
Counselor
Duey Enterprises
Construction Company
Marcia Wemhoff Young: ...
Financial Advisor
Brasch Enterprises
Construction Company
Lancaster County Democratic ...
Advocacy Group
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FAQs
What type of property is this?
Office building - Versatile, fully leased office building with redevelopment potential.
Where is this office building located?
The property is located at 3701 Ost Lincoln, NE.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: Fully leased, 3‑level office building (13,680 SF) generating strong cash flow.; Prime location on Lincoln's busiest corridor with ample signage and premier visibility.; Flexible zoning (office, retail, residential) allows for future use or redevelopment.
