Professional Office
For Sale
Contact for pricing
5930 Vandervoort Dr #B, Lincoln, NE 68516
O-3 Office zoning and on-site parking support a professional office setting.
Property Size2,600 SF
Price / SF$265.38
Days on Market53
Property Features for 5930 Vandervoort Dr #B
General Information
Standard status
Active
Size
2,600 SF
Class
B
Property subtype
Office
Zoning
O-3 Office
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
2001
Buildings
1
Units
1
Tenancy
Single
Listing Agency:
Berkshire Hathaway HomeServices Ambassador Real Estate Lincoln
Listed By:
Ben Bleicher · License #NE 20140372
Source:
Crexi
Added: Aug 5
Changed: Sep 25
Last Checked: Sep 24 at 10:07AM
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 Berkshire Hathaway HomeServices Ambassador Real Estate Lincoln
Investment Insights
Based on property information with market context.
This 2,600-square-foot office unit at 5930 Vandervoort Dr, #B, offers a dedicated commercial setting for office operations. The property was built in 2001 and carries O-3 Office zoning, aligning with its office-oriented configuration.
Positioned just off Old Cheney Road, the property provides access to Nebraska Parkway and South 56th Street. The surrounding commercial corridor includes businesses, retail, restaurants, and residential neighborhoods, while on-site parking serves clients, employees, and visitors.
Positioned just off Old Cheney Road, the property provides access to Nebraska Parkway and South 56th Street. The surrounding commercial corridor includes businesses, retail, restaurants, and residential neighborhoods, while on-site parking serves clients, employees, and visitors.
Key Highlights
- 2,600‑square‑foot office unit at 5930 Vandervoort Dr, #B
- O‑3 Office zoning
- Built in 2001
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
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
880
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Office units - O-3 Office zoning and on-site parking support a professional office setting.
Where is this office units located?
The property is located at 5930 Vandervoort Dr #B 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 office unit at 5930 Vandervoort Dr, #B; O‑3 Office zoning; Built in 2001
