High-Visibility Retail Opportunity in
For Sale
Contact for pricing
800 N 27TH ST, Lincoln, NE 68510
Freestanding retail building with high traffic and flexible zoning.
Property Size5,664 SF
Price / SF$174.79
Days on Market96
Property Features for 800 N 27TH ST
General Information
Standard status
Active
Size
5,664 SF
Property subtype
Retail
Zoning
B-3
Building Details
Year Built
1925
Units
1
Listing Agency:
NAI FMA Realty
(402) 570-9991
Listed By:
Jared Froehlich · License #NE20180245
Source:
Crexi
Added: May 26
Changed: Aug 15
Last Checked: Aug 26 at 1:50PM
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 NAI FMA Realty
Investment Insights
Based on property information with market context.
This 5,664 square foot brick building is a freestanding retail opportunity located at a busy signalized intersection in Lincoln. The property benefits from high visibility and exceptional street presence. It features flexible B3 Commercial zoning and abundant on-site parking with 38 stalls. An adjacent vacant lot provides additional flexibility for expansion, outdoor storage, redevelopment, or excess parking. The location benefits from traffic counts exceeding 29,000 vehicles per day on N. 27th Street and over 14,000 vehicles per day on Vine Street, providing outstanding exposure for retail, medical, office, showroom, or service-oriented users. The open floor plan and distinctive architecture make it suitable for owner-users or investment/redevelopment. The property is located near national and local retailers including Walgreens and McDonald’s, and benefits from strong surrounding demographics and consistent daily traffic flow. It is available for both sale and lease.
Key Highlights
- High‑visibility location at a busy signalized intersection (N. 27th & Vine) with exceptional street presence.
- Flexible B3 Commercial zoning allows for a wide range of uses.
- Abundant on‑site parking with 38 stalls.
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
$66,728
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
6.74%
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%
$1,334,560
$1.3M
Cap Rate 7%
$953,257
$953.3K
Cap Rate 9%
$741,422
$741.4K
Market Conditions
NOI Build-Up for 5,664 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
$102.0K $18.00/SF
− Vacancy
−$6.6K −$1.17/SF
EGI
$95.3K $16.83/SF
− OpEx
−$28.6K −$5.05/SF
NOI
$66.7K $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%
$1,334,560
Cap Rate 7%
$953,257
Cap Rate 9%
$741,422
Alternative Uses
Best Use
Retail
$953.3K
$834.1K – $1.11M
NOI $66,728 @ 7.0% cap · market cap 6.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.39M
$1.22M – $1.62M
NOI $97,200 @ 7.0% cap · market cap 9.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,149
Businesses Nearby
21k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 100%
McDonald's
Dining
20,386 visits/mo
0.1 miles
Sal's Pizza
Dining
455 visits/mo
0.1 miles
Demographics for 68510, NE
20,669
Population
9,871
Households
2.1
Avg Household Size
38
Median Age
40%
College-Educated
95%
High-School Grad
4.6 sq mi
ZIP Area
4,493
Density / Sq Mi
$64,183
Median Household Income
$41,632
Median Earnings
$857
Median Rent
$221,200
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Freestanding retail building with high traffic and flexible zoning.
Where is this retail space located?
The property is located at 800 N 27TH ST Lincoln, NE.
What is the asking price?
The asking price for this property is $990,000.
What are key features of this property?
This property features: High‑visibility location at a busy signalized intersection (N. 27th & Vine) with exceptional street presence.; Flexible B3 Commercial zoning allows for a wide range of uses.; Abundant on‑site parking with 38 stalls.
