Former Auto Dealership For
For Sale
Contact for pricing
6320 Telluride Dr, Lincoln, NE 68521
Former auto dealership with excess ground available for sale.
Property Size29,800 SF
Lot Size2.95 Acres
Price / SF$180.70
Days on Market142
Property Features for 6320 Telluride Dr
General Information
Standard status
Active
Size
29,800 SF
Lot size
2.95 Acres
Property subtype
Retail
Zoning
C1-H3
Building Details
Year Built
2003
Year Renovated
2021
Buildings
1
Stories
2
Listing Agency:
Investors Realty Inc
(402) 778-7531
Listed By:
Brian Farrell · License #NE 20051234
Source:
Crexi
Added: Mar 23
Changed: Aug 8
Last Checked: Aug 11 at 4:12PM
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 = 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
$351,074
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
6.52%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
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
Demographics for 68521, NE
37,251
Population
15,657
Households
2.4
Avg Household Size
31
Median Age
32%
College-Educated
88%
High-School Grad
13.2 sq mi
ZIP Area
2,822
Density / Sq Mi
$66,902
Median Household Income
$38,755
Median Earnings
$1,196
Median Rent
$235,600
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Enterprise Rent-A-Car — 7100 Husker Cir, Lincoln, NE 68504
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- U-Box at U-Haul — 1930 Fletcher Ave, Lincoln, NE 68521
- Trailer Rental at U-Haul — 1930 Fletcher Ave, Lincoln, NE 68521
- Truck Rental at U-Haul — 1930 Fletcher Ave, Lincoln, NE 68521
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 Dr 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
