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    5034 Old Cheney Rd Lincoln, NE 68516

    Sponsored
    For Sale
    $1,200,000

    High-yield flex space, prime location.

    Property size:
    30,046 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Exceptional investment opportunity in South Lincoln, Nebraska, featuring a prominent 30,046 square foot flex space property situated on a 0.69-acre lot at 5034 Old Cheney Rd, zip code 68516. This mixed-use property boasts three buildings, offering a blend of retail and industrial space. The main building, ideal for office or retail use, comprises nearly 3,000 square feet, featuring two large showroom areas, a restroom, and washer/dryer hookups. High visibility is ensured by prominent signage on Old Cheney Road. Two additional metal buildings, totaling 5,560 square feet, provide ample industrial space. The middle building includes 3,000 square feet with an overhead door, heating, air conditioning, and built-out office space with two restrooms. The third building offers 2,560 square feet and three overhead doors. Both industrial buildings are fully fenced for enhanced security. The entire property features a concrete lot providing ample parking and storage. The property is zoned I-1 and offers a 6.30% cap rate with an asking price of $1,200,000 ($39.94/sq ft). Two loading docks are available. The property is currently vacant.

    Property Features for 5034 Old Cheney Rd

    General Information

    Property type
    Flex space
    Square Feet
    30,046 SF
    Lot Size
    30,056 SF

    Building Details

    Buildings
    3
    Stories
    1

    HighLights

    • $1,200,000 asking price for a vacant, 30,046 square foot flex property.
    • Located at 5034 Old Cheney Rd, Lincoln, NE 68516.
    • Features three buildings totaling 30,046 square feet on a 0.69‑acre lot, zoned I‑1.
    • Includes two loading docks.
    • Offers a 6.30% cap rate and a price per square foot of $39.94.
    Property Profile Location Intelligence

    Current Use by Public Records

    AutoHouse Used Car Dealer Cloud 9 Smoke ... Tobacco Shop CoinFlip Bitcoin ATM Atm

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Lincoln
    County
    Lancaster
    State
    Nebraska
    Longitude
    -96.650335550785
    Latitude
    40.755333865428

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    FAQs

    What type of property is this?
    Flex space - High-yield flex space, prime location.
    Where is this flex space located?
    The property is located at 5034 Old Cheney Rd Lincoln, NE.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: $1,200,000 asking price for a vacant, 30,046 square foot flex property.; Located at 5034 Old Cheney Rd, Lincoln, NE 68516.; Features three buildings totaling 30,046 square feet on a 0.69-acre lot, zoned I-1.
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    Lincoln, NE 68516
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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
    5034 Old Cheney Rd Lincoln, NE 68516
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