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    1201 O St Lincoln, NE 68508

    For Lease
    $10 SF/Yr ($8,777 /Mo)

    Historic building, flexible suites, prime location

    Lot size:
    10,533 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    The Magee Building, located at 1201 O Street in Lincoln, Nebraska, presents a unique opportunity for businesses seeking office space in the heart of downtown. This three-story, Class B building, constructed in 1918, offers 10,533 square feet of space, currently entirely vacant and available for lease. The building is zoned B-4 and features a variety of suite sizes, ranging from a minimum of 394 square feet to a maximum contiguous space of 4,488 square feet. The building has three total suites available. While the building itself does not have dedicated parking, convenient on-street metered parking is available, and a nearby city parking garage offers access to the building via a skywalk. The building includes elevators for convenient access to all three floors. Its prime location on O Street provides excellent street-level visibility, making it ideal for a variety of businesses. The Magee Building's historic charm combined with its modern accommodations makes it a truly exceptional property in a vibrant downtown setting. The property's APN is 10-26-204-008-I01 in Lancaster County. This is a multi-tenant building.

    Property Features for 1201 O St

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    10,533 SF
    Class
    B
    Total Rate
    8777.5

    Building Details

    Year Built
    1918
    Stories
    3

    Unit(s) available at that property

    Space
    Suite 101
    Size
    3,523 SF
    Rate per SF
    $10
    Space
    Suite 201-202
    Size
    2,565 SF
    Rate per SF
    $12
    Space
    Suite 200
    Size
    4,488 SF
    Rate per SF
    $10
    Space
    Suite 306
    Size
    394 SF
    Rate per SF
    $12
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    R O Youker ... Structural Engineer Pearle Vision Optometrist Liberty Law Group Law Firm Dr. Laura Bokemper, ... Optometrist Lincoln - O Street Optometrist

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Law Firm 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
    Lincoln
    County
    Lancaster
    State
    Nebraska
    Longitude
    -96.7037915
    Latitude
    40.8133069

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    FAQs

    What type of property is this?
    Office space - Historic building, flexible suites, prime location
    Where is this office space located?
    The property is located at 1201 O St Lincoln, NE.
    What is the lease rate?
    The lease rate is $10-$12 SF/Yr.
    Request Owner's contact information
    1201 O St Lincoln, NE 68508
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    Lincoln, NE 68508
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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
    1201 O St Lincoln, NE 68508
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