Flex Space with Open
For Sale
Contact for pricing
3711 Touzalin Ave, Lincoln, NE 68507
Includes a reception office, fully functional apartment, and an open-bay area for flexible commercial and industrial use.
Property Size2,400 SF
Price / SF$137.50
Days on Market114
Property Features for 3711 Touzalin Ave
General Information
Standard status
Active
Size
2,400 SF
Property subtype
INDUSTRIAL
Listing Agency:
BHHS - Ambassador Real Estate | Lincoln
(402) 416-8015
Listed By:
John Mahoney
(402) 416-8015
Source:
Moodyscre
Added: Apr 16
Changed: Jul 30
Last Checked: Aug 6 at 10:20AM
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 BHHS - Ambassador Real Estate | Lincoln
Investment Insights
Based on property information with market context.
This flex space at 3711 Touzalin Ave in Lincoln, NE offers a mix of office and residential functionality within a 2,400 SF building. The interior includes a reception area with an office, along with a fully functional apartment featuring a bedroom with an open closet and a kitchen area with the expected appliances.
Out back, the property includes an open bay with dang near twenty foot ceilings, providing versatile space for a range of commercial or industrial needs. The layout also supports on-site operations with more than adequate parking, and the building is described as close to amenities and easily accessible.
The building is positioned near the historic Havelock district, combining neighborhood character with practical space for flexible use.
Out back, the property includes an open bay with dang near twenty foot ceilings, providing versatile space for a range of commercial or industrial needs. The layout also supports on-site operations with more than adequate parking, and the building is described as close to amenities and easily accessible.
The building is positioned near the historic Havelock district, combining neighborhood character with practical space for flexible use.
Key Highlights
- 2,400 SF flex space at 3711 Touzalin Ave
- Reception area with office plus a fully functional apartment
- Apartment includes bedroom with open closet and kitchen with appliances
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
$30,240
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
9.16%
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%
$604,800
$604.8K
Cap Rate 7%
$432,000
$432.0K
Cap Rate 9%
$336,000
$336.0K
Market Conditions
NOI Build-Up for 2,400 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
$50.4K $21.00/SF
− Vacancy
−$10.1K −$4.20/SF
EGI
$40.3K $16.80/SF
− OpEx
−$10.1K −$4.20/SF
NOI
$30.2K $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%
$604,800
Cap Rate 7%
$432,000
Cap Rate 9%
$336,000
Alternative Uses
Best Use
Office B
$432.0K
$378.0K – $504.0K
NOI $30,240 @ 7.0% cap · market cap 9.16%
Second Best
Warehouse
$405.3K
$354.7K – $472.9K
NOI $28,374 @ 7.0% cap · market cap 8.60%
Theoretical Best
Office A
$588.4K
$514.8K – $686.4K
NOI $41,186 @ 7.0% cap · market cap 12.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
428
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 68507, NE
15,680
Population
7,144
Households
2.2
Avg Household Size
39
Median Age
32%
College-Educated
94%
High-School Grad
11.1 sq mi
ZIP Area
1,413
Density / Sq Mi
$71,194
Median Household Income
$41,335
Median Earnings
$884
Median Rent
$215,000
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?
Flex space - Includes a reception office, fully functional apartment, and an open-bay area for flexible commercial and industrial use.
Where is this flex space located?
The property is located at 3711 Touzalin Ave Lincoln, NE.
What is the asking price?
The asking price for this property is $330,000.
What are key features of this property?
This property features: 2,400 SF flex space at 3711 Touzalin Ave; Reception area with office plus a fully functional apartment; Apartment includes bedroom with open closet and kitchen with appliances
