Former Auto Dealership For
For Sale
$5,385,000
6320 Telluride Drive, Lincoln, NE 68501
Former auto dealership with excess ground available for sale.
Property Size29,800 SF
Lot Size2.95 Acres
Price / SF$180.70
Days on Market202
Property Features for 6320 Telluride Drive
General Information
Standard status
Active
Size
29,800 SF
Lot size
2.95 Acres
Property subtype
Retail
Building Details
Year Built
2003
Listing Agency:
Investors Realty Inc
Listed By:
Brian Farrell · License #20051234
(402) 778-7531
Source:
Investorsomaha
Added: Mar 27
Changed: Oct 3
Last Checked: Oct 12 at 5:19PM
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 Investors Realty Inc
Investment Insights
Based on property information with market context.
This commercial property, formerly a full-service auto dealership, is available for sale. The property encompasses 29,800 square feet. Additionally, 2.95 acres of excess ground are available for $650,000.
Key Highlights
- Former full service auto dealership
- Excess ground of 2.95 acres available
- Year Built: 2003
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$351,074
Cap Rate
6.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,021,480
$7.0M
Cap Rate 7%
$5,015,343
$5.0M
Cap Rate 9%
$3,900,822
$3.9M
Market Conditions
NOI Build-Up for 29,800 SF
Gross rent
$536.4K $18.00/SF
− Vacancy
−$34.9K −$1.17/SF
EGI
$501.5K $16.83/SF
− OpEx
−$150.5K −$5.05/SF
NOI
$351.1K $11.78/SF
Area
Lincoln, NE
Vacancy
6.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,021,480
Cap Rate 7%
$5,015,343
Cap Rate 9%
$3,900,822
Alternative Uses
Best Use
Retail
$5.02M
$4.39M – $5.85M
NOI $351,074 @ 7.0% cap · market cap 6.52%
Second Best
Industrial
$4.14M
$3.63M – $4.84M
NOI $290,136 @ 7.0% cap · market cap 5.39%
Theoretical Best
Office A
$7.31M
$6.39M – $8.52M
NOI $511,397 @ 7.0% cap · market cap 9.50%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
246
Businesses Nearby
66k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 63%
Shops & Services 23%
Hotels & Casinos 14%
Cracker Barrel Old Country Store
Dining
21,817 visits/mo
0.3 miles
Wendy's
Dining
20,103 visits/mo
0.3 miles
Phillips 66
Shops & Services
14,047 visits/mo
0.4 miles
Holiday Inn Express & Suites Lincoln I - 80
Hotels & Casinos
3,620 visits/mo
0.3 miles
Best Western Plus Lincoln Inn & Suites
Hotels & Casinos
3,480 visits/mo
0.2 miles
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Automotive property - Former auto dealership with excess ground available for sale.
Where is this automotive property located?
The property is located at 6320 Telluride Drive Lincoln, NE.
What is the asking price?
The asking price for this property is $5,385,000.
What are key features of this property?
This property features: Former full service auto dealership; Excess ground of 2.95 acres available; Year Built: 2003
