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    Industrial Warehouse in Northeast Lincoln Title is generated by Realmo AI

    4029 Progressive Ave, Lincoln, NE 68504

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    Well-designed industrial warehouse with convenient access to major transportation routes.

    Type:Industrial
    Added:
    Mar 24, 2026
    Days on Market:
    61
    Last Refresh:
    Mar 25 at 8:19 pm

    Property Features for 4029 Progressive Ave

    General Information

    Standard status
    Active
    Property subtype
    Industrial

    Spaces For Lease

    at 4029 Progressive Ave Contact us

    Available Space 1 $12/Mo

    Size
    800 SF
    Type
    Industrial
    Contact us

    We can help!

    Listing Contact
    Ammar Abu Hamda
    Ammar Abu Hamda

    Listing agent Ammar Abu Hamda License #NE 20210360

    Listing office Lee & Associates - Lincoln

    Listing date Mar 24, 2026

    Source Crexi

    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 Lee & Associates - Lincoln

    HighLights

    • Strategic location in Northeast Lincoln with convenient access to I‑80 and Hwy 77.
    • Suitable for diverse industrial, distribution, and service‑oriented uses.
    • Features a drive‑in door for seamless loading.
    • On‑site parking available.
    • Efficient site circulation for trucks and deliveries.
    • Located within an established industrial corridor.

    Overview

    This industrial warehouse facility is designed for operational efficiency and long-term value, accommodating a range of industrial, distribution, and service-oriented uses. The property features a drive-in door for loading, on-site parking, and efficient site circulation for trucks and deliveries. Its configuration and location make it suitable for light industrial and warehouse tenants. Situated in Northeast Lincoln within an established industrial corridor, the property provides access to major transportation routes, including I-80 and Hwy 77, ensuring connectivity throughout Lincoln and surrounding areas. The area has a concentration of industrial and commercial users, supporting demand for warehouse and logistics space. This location is suited for businesses serving local and regional markets.
    Location Intelligence

    Current Use by Public Records

    VICAM auto Repair Auto Repair Shop Steve's Boat Repair ... (Bike/Boat/Book/etc) Store Hypnotink L.L.C. Corporate Office

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Building Supply Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Eagle's Nest RV & Boat Storage — 4100 N 48th St Suite 100, Lincoln, NE 68504
    • Cornhusker Self Storage — 3636 Cornhusker Hwy, Lincoln, NE 68504
    • Cornhusker Budget Storage — 5350 Cornhusker Hwy, Lincoln, NE 68504
    • Stor-It 4 Less — 4216 Progressive Ave, Lincoln, NE 68504
    • Superior Street Storage — 4660 N 35th St, Lincoln, NE 68504

    Location Insight

    • Map
    • Local Demand
    City
    Lincoln
    County
    Lancaster
    State
    Nebraska
    Longitude
    -96.656393
    Latitude
    40.854562

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    FAQs

    What type of property is this?
    Warehouse - Well-designed industrial warehouse with convenient access to major transportation routes.
    Where is this warehouse located?
    The property is located at 4029 Progressive Ave Lincoln, NE.
    What are key features of this property?
    This property features: Strategic location in Northeast Lincoln with convenient access to I‑80 and Hwy 77.; Suitable for diverse industrial, distribution, and service‑oriented uses.; Features a drive‑in door for seamless loading.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Ammar Abu Hamda
    Ammar Abu Hamda
    Real Estate License ID: NE 20210360
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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