Single-Story Office
New
For Sale
Contact for pricing
5960 S 57th St, Lincoln, NE 68516
An open workstation area is complemented by private offices, conference rooms, and employee support spaces.
Property Size7,072 SF
Price / SF$150
Days on Market4
Property Features for 5960 S 57th St
General Information
Standard status
Active
Size
7,072 SF
Total Parking Spaces
29
Property subtype
OFFICE
Site & Location
Neighborhood
Family Acres
Additional Details
Condition
Move-in Ready
Property Use
Office/Flex
Amenities
open workstation floor
exposed structural ceiling
natural light
multiple private offices
conference rooms
kitchenette
breakroom
Building Details
Stories
1
Parking Ratio
4.1 per 1,000 SF
Listing Agency:
Lee & Associates | Lincoln
(531) 721-2888
Listed By:
Katy Martin
(402) 617-8508
Source:
Moodyscre
Added: Oct 28
Changed: Oct 30
Last Checked: Oct 30 at 2:34PM
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
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Investment Insights
Based on property information with market context.
This 7,072-square-foot office condominium has a single-level layout with an open workstation area, multiple private offices, and conference rooms. Exposed structural ceilings and natural light shape the workspace, while a kitchenette and breakroom provide additional support areas. The interior is built out with office finishes, and much of the furniture, fixtures, and equipment may remain under negotiable terms for a buyer or tenant.
The property includes 29 surface parking spaces. Its light industrial setting supports potential adaptation to flex or showroom use.
The property includes 29 surface parking spaces. Its light industrial setting supports potential adaptation to flex or showroom use.
Key Highlights
- 7,072‑square‑foot, single‑story office condominium
- 29 surface parking spaces, or 4.1 per 1,000 SF
- Open workstation area with exposed structural ceiling and natural light
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$89,107
Cap Rate
8.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,782,140
$1.8M
Cap Rate 7%
$1,272,957
$1.3M
Cap Rate 9%
$990,078
$990.1K
Market Conditions
NOI Build-Up for 7,072 SF
Gross rent
$148.5K $21.00/SF
− Vacancy
−$29.7K −$4.20/SF
EGI
$118.8K $16.80/SF
− OpEx
−$29.7K −$4.20/SF
NOI
$89.1K $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 Rate 5%
$1,782,140
Cap Rate 7%
$1,272,957
Cap Rate 9%
$990,078
Alternative Uses
Best Use
Office B
$1.27M
$1.11M – $1.49M
NOI $89,107 @ 7.0% cap · market cap 8.40%
Second Best
Industrial
$983.6K
$860.7K – $1.15M
NOI $68,854 @ 7.0% cap · market cap 6.49%
Theoretical Best
Office A
$1.73M
$1.52M – $2.02M
NOI $121,362 @ 7.0% cap · market cap 11.44%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
989
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - An open workstation area is complemented by private offices, conference rooms, and employee support spaces.
Where is this office unit located?
The property is located at 5960 S 57th St Lincoln, NE.
What is the asking price?
The asking price for this property is $1,060,800.
What are key features of this property?
This property features: 7,072‑square‑foot, single‑story office condominium; 29 surface parking spaces, or 4.1 per 1,000 SF; Open workstation area with exposed structural ceiling and natural light
