Modern Professional Office
New
For Sale
Contact for pricing
5930 Vandervoort Dr, Lincoln, NE 68516
Well-maintained office space with on-site parking and convenient access to major South Lincoln routes.
Property Size2,600 SF
Price / SF$265.38
Days on Market7
Property Features for 5930 Vandervoort Dr
General Information
Standard status
Active
Size
2,600 SF
Property subtype
OFFICE
Site & Location
Highway Access
Yes
Road Access
Yes
Listing Agency:
BHHS - Ambassador Real Estate | Lincoln
(402) 419-6309
Listed By:
Ben D Bleicher
(402) 419-6309
Source:
Moodyscre
Added: Aug 5
Changed: Aug 9
Last Checked: Aug 10 at 4:17AM
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 2,600-square-foot office building at 5930 Vandervoort Dr, Lincoln, NE 68516, provides a modern, well-maintained setting for professional operations. The property has a polished exterior, quality construction, and on-site parking. The space is positioned to accommodate medical, dental, professional, or creative office users.
Located just off Old Cheney Road, the property offers access to Nebraska Parkway and South 56th Street. The surrounding commercial corridor includes established businesses, retail, restaurants, and residential neighborhoods, creating a setting with multiple nearby services and destinations.
Located just off Old Cheney Road, the property offers access to Nebraska Parkway and South 56th Street. The surrounding commercial corridor includes established businesses, retail, restaurants, and residential neighborhoods, creating a setting with multiple nearby services and destinations.
Key Highlights
- 2,600‑square‑foot professional office building
- Modern, well‑maintained interior environment
- On‑site parking
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
$34,819
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
5.05%
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%
$696,380
$696.4K
Cap Rate 7%
$497,414
$497.4K
Cap Rate 9%
$386,878
$386.9K
Market Conditions
NOI Build-Up for 2,600 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
$62.4K $24.00/SF
− Vacancy
−$4.4K −$1.68/SF
EGI
$58.0K $22.32/SF
− OpEx
−$23.2K −$8.93/SF
NOI
$34.8K $13.39/SF
Area
Lincoln, NE
Vacancy
7.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
40.00%
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%
$696,380
Cap Rate 7%
$497,414
Cap Rate 9%
$386,878
Alternative Uses
Best Use
Healthcare Medical
$497.4K
$435.2K – $580.3K
NOI $34,819 @ 7.0% cap · market cap 5.05%
Second Best
Office B
$468.0K
$409.5K – $546.0K
NOI $32,760 @ 7.0% cap · market cap 4.75%
Theoretical Best
Office A
$637.4K
$557.7K – $743.6K
NOI $44,618 @ 7.0% cap · market cap 6.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
910
Businesses Nearby
Explore this area
Business Placement
Demographics for 68516, NE
47,448
Population
19,549
Households
2.4
Avg Household Size
39
Median Age
55%
College-Educated
98%
High-School Grad
18.9 sq mi
ZIP Area
2,510
Density / Sq Mi
$100,093
Median Household Income
$52,344
Median Earnings
$1,213
Median Rent
$331,600
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 - Well-maintained office space with on-site parking and convenient access to major South Lincoln routes.
Where is this office building located?
The property is located at 5930 Vandervoort Dr Lincoln, NE.
What is the asking price?
The asking price for this property is $690,000.
What are key features of this property?
This property features: 2,600‑square‑foot professional office building; Modern, well‑maintained interior environment; On‑site parking
