Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Historic Cigar Factory Office Space Title is generated by Realmo AI

    815 O St, Lincoln, NE 68508

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Office space in a historic Haymarket building, prime location.

    Type:Office
    Added:
    Jun 18, 2020
    Days on Market:
    2177
    Last Refresh:
    May 19 at 8:36 pm

    Property Features for 815 O St

    General Information

    Standard status
    Active
    Property subtype
    Office

    Building Details

    Year Built
    1900

    Spaces For Lease

    at 815 O St Contact us

    We can help!

    Listing Contact
    Monte Froehlich

    Listing agent Monte Froehlich License #0980389

    Listing office USP Management

    Listing date Jun 18, 2020

    Source Crexi

    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 USP Management

    HighLights

    • Historic building in the Haymarket district.
    • Walking distance to restaurants, shopping, Pinnacle Bank Arena, the State Capitol, City/County buildings, and the University of Nebraska‑Lincoln.
    • Elevator access to all levels.
    • Mixed‑use building with residential and commercial units.
    • Common kitchen, restrooms, and sitting nook in the lower level.
    • Metered parking available directly in front of the building.

    Overview

    The Pepperberg "Cigar" Factory, a historic building in Lincoln's Haymarket district, once housed the Pepperberg Segar Company, a cigar manufacturer and wholesaler until the 1930s. Today, the building features residential units on the upper levels, with Escape Lincoln and Tomahawks occupying the second and first levels. Individual offices are located within the lower level, accessible by elevator. The lower level currently has one office available. Common kitchen, restrooms, and a sitting nook are provided. Metered parking is available directly in front of the building. The property is within walking distance of restaurants, shopping, Pinnacle Bank Arena, the State Capitol, City/County buildings, and the University of Nebraska-Lincoln.
    Property Profile Location Intelligence

    Current Use by Public Records

    RTP Armor General Contractor The Alexis PROJECT Association / Organization Radiate Light Weight ... Alternative Medicine Practice Fine Lines Tattoo Tattoo & Piercing Shop Humanize HR Employment Agency

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Law Firm Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lincoln
    County
    Lancaster
    State
    Nebraska
    Longitude
    -96.7095051
    Latitude
    40.8133035

    Nearby Similar for Lease

    • Sponsored
      $129-$3,321/Mo
      11-1,292 SF

      U.S. Bank Building

      233 13Th Street Cir, Unit 1100, Lincoln, NE 68508
      View Details
    • $14 SF/Yr
      5,664 SF

      Freestanding Building on Corner Lot

      Highly visible retail/commercial space with ample parking.
      800 N 27th St, Lincoln, NE 68503
      View Details
    • $20 SF/Yr
      1,000 SF

      Retail Space in College View

      New 1,000 SF retail space in a busy location.
      3811 South 48th Street, Lincoln, NE 68506
      View Details
    • $14 SF/Yr
      5,867 SF

      Stand-Alone Office Building For Lease

      5,867 SF office building near I-80 and Lincoln Airport.
      3031 NW 12th St, Lincoln, NE 68521
      View Details
    • $23 SF/Yr
      5,778 SF

      Mixed-Use Building with Retail/Office Space

      Retail, office, or restaurant spaces in a mixed-use building.
      1317 Q Street, Lincoln, NE 68508
      View Details
    • $9 SF/Yr
      4,175 SF

      Versatile Flex Space Near I-80

      Flex space available near I-80 with office and warehouse components.
      301 Northwest 27th Street, Lincoln, NE, 68528
      View Details
    • $12 SF/Yr
      28,038 SF

      Downtown Office Space for Lease

      Office space in downtown Lincoln with flexible layout options.
      1645 N Street, Lincoln, NE 68508
      View Details
    • $11 SF/Yr
      14,401 SF

      South Lincoln Prime Office Space

      Office space in a prominent location with excellent parking.
      7130 S 29th St, Lincoln, NE 68516
      View Details
    • $750/Mo
      33,660 SF

      Historic Haymarket District Office Suites

      Modernized office suites in Lincoln's Historic Haymarket District.
      701 P St, Lincoln, NE 68508
      View Details
    • $14 SF/Yr
      4,330 SF

      Haymarket District Retail or Office

      Versatile retail or office space in Lincoln's vibrant Haymarket District.
      727 O Street,Lincoln, NE 68508
      View Details
    • $12 SF/Yr
      19,151 SF

      Nebraska Innovation Campus Office Space

      Office suites available in Lincoln's premier innovation district.
      2021 Transformation, Lincoln, NE 68508
      View Details
    • $18 SF/Yr
      1,833 SF

      Premier Class A Office Building

      Light-filled suites with versatile layouts in North Lincoln.
      2125 Transformation Dr, Lincoln, NE
      View Details

    FAQs

    What type of property is this?
    Office units - Office space in a historic Haymarket building, prime location.
    Where is this office units located?
    The property is located at 815 O St Lincoln, NE.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: Historic building in the Haymarket district.; Walking distance to restaurants, shopping, Pinnacle Bank Arena, the State Capitol, City/County buildings, and the University of Nebraska‑Lincoln.; Elevator access to all levels.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Monte Froehlich
    Real Estate License ID: 0980389
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    815 O St, Lincoln, NE 68508
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!