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200 S 21St St, Lincoln, NE 68510
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Property summary
AI-generated overview
The property is a retail space totaling 5,722 square feet located at 200 S 21st St in Lincoln, Nebraska, on the eastern edge of downtown near the Telegraph District. The space is configured for retail use and is positioned in an area experiencing ongoing development associated with increased business and residential activity.
Property profile
Verified
Property type
Other investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
2020
Total area
118,238 SF
Lot
2.96 ac (128,850 SF)
Zoning code
B4
APN
10-25-263-001-000
UPID
US57-0000630
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Engineering Consultant
-
Bakery Take-out & Catering
-
Law Firm
-
Construction Company
-
Car Dealership Shipping Company
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$22.10M
Comparable Approach
Comparable
$25.76M
Blend (final)
Blend
$21.94M
Owner & transaction history
since 2019
2 recorded transactions
Zoning & alternative use
B4 · Lincoln, NE
Top alternative use upside
Retail stores
$25.1M
+38.1%
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
2 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$21.94M
Value range
$19.74M – $24.13M
±10% around blend
Estimated value / SF
$186 / SF
Confidence
Property data
88
Market benchmarks
100
Comparable evidence
60
Income certainty
100
$19.74M
blend $21.94M
$24.13M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
118,238 SF
Lot area
2.96 ac
Year built
2020
APN
10-25-263-001-000
Zoning
B4
Assessed value
$24,142,800
Annual tax
$431,504
3
Income approach: direct capitalization
Partial preview
Income approach indication
$22.10M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$23.95M
@ 6.5% CAP return
$22.10M
@ 7% CAP return
$20.53M
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$431,504
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$25.76M
Range $11.70M – $25.76M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$21.94M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 31 sales
$154
+21%
Submarket 485 sales
$131
+42%
County 527 sales
$130
+43%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $186/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Retail Stores
Gross theoretical uplift
+38%
vs current-use indication
Commercial (general) · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
NOI build-up · 9 steps
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$21.04M
Move the market yield to see immediate price impact.
Value / SF
$178
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$1.33M
$26.51M
$18.93M
$14.73M
$1.47M
$29.45M
$21.04M
$16.36M
$1.62M
$32.40M
$23.14M
$18.00M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$431,504
Tax year 2024
Assessed value
$24,142,800
Assessed 2024
Previous assessed
$20,253,300
+19.2% YoY
Effective rate
1.79%
On assessed value
Assessed land
$1,932,400
Assessed improvement
$22,210,400
Land market value
$1,932,400
Improvement market value
$22,210,400
Total market value
$24,142,800
Applied tax rate
9,405.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Other investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
For Lease
Year built
2020
Heating
HEAT PUMP
Units
60
Total area
118,238 SF
Lot
2.96 ac (128,850 SF)
Zoning code
B4
APN
10-25-263-001-000
UPID
US57-0000630
Jurisdiction
LANCASTER
Zoning & alternative use
B4 · Lincoln, NEZoning B4 · permitted uses
B4 · Lincoln, NE
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
2020
Heating
HEAT PUMP
Units
60
Lot
2.96 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
B4
Jurisdiction
Lincoln, NE
Recorded code
B4
Ownership Intelligence
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Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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