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    401 Lincoln Ave York, NE 68467

    For Sale
    $1,100,000

    Fully Leased, High-Cap Rate Property

    Property size:
    6,932 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional investment opportunity presents a fully leased, mixed-use property located at 401 N Lincoln Ave, York, NE 68467. The property consists of two buildings totaling 6,932 net rentable square feet situated on a 10,800 square foot lot. Built in 1983 and extensively renovated in 2021 and 2022, the property boasts a strong tenant roster, including Southeast Community College's Nursing Program (east building, fully renovated in 2022) and Little Jumpers Daycare (new roof, windows, and interior remodel in 2021). The property operates under a triple-net (NNN) lease structure, with tenants responsible for their own utilities. The landlord covers the water bill, prorating costs to tenants. Common area maintenance (CAM) costs are also passed through to tenants via monthly fees. The property features a 7.50% cap rate and a strong net operating income (NOI) of $74,500, with an asking price of $1,100,000 ($158.68/sq ft). The property is zoned for commercial use and offers a compelling investment opportunity with 100% occupancy across its two units. This is a rare chance to acquire a stable, high-performing asset in a thriving downtown location. The property's strong tenant base and recent renovations ensure a secure and profitable investment.

    Property Features for 401 Lincoln Ave

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    6,932 SF

    Building Details

    Year Built/Renovated
    1983/2022
    Buildings
    2
    Stories
    1
    Units
    2

    HighLights

    • Fully leased, mixed‑use property totaling 6,932 net rentable square feet on a 10,800 square foot lot in York, NE.
    • Recently renovated (2021 & 2022) with strong tenants including Southeast Community College and Little Jumpers Daycare.
    • Triple‑net (NNN) lease structure with 100% occupancy.
    • 7.50% cap rate and $74,500 NOI; asking price $1,100,000 ($158.68/sq ft).
    • Commercially zoned, prime downtown location.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Southeast Community College ... College

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    York
    County
    York
    State
    Nebraska
    Longitude
    -97.59327198594
    Latitude
    40.864876361657

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    FAQs

    What type of property is this?
    Office Property / Space - Fully Leased, High-Cap Rate Property
    Where is this office property / space located?
    The property is located at 401 Lincoln Ave York, NE.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: Fully leased, mixed-use property totaling 6,932 net rentable square feet on a 10,800 square foot lot in York, NE.; Recently renovated (2021 & 2022) with strong tenants including Southeast Community College and Little Jumpers Daycare.; Triple-net (NNN) lease structure with 100% occupancy.
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    York, NE 68467
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    Realmo Value Estimation

    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.

    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.

    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
    401 Lincoln Ave York, NE 68467
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