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    Prime Office Space in Lincoln Title is generated by Realmo AI

    2900 O St, Lincoln, NE 68510

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    Highly visible office building with ample parking and signage.

    Type:Office, Special Purpose
    Added:
    Oct 9, 2023
    Days on Market:
    968
    Last Refresh:
    May 12 at 10:33 pm

    Property Features for 2900 O St

    General Information

    Standard status
    Active
    Property subtype
    Office, Special Purpose

    Building Details

    Year Built
    1988

    Spaces For Lease

    at 2900 O St Contact us

    1st Floor $11/Mo

    Size
    8,716 SF
    Type
    Office, Special Purpose
    Contact us

    2nd Floor - Suite 200 $11/Mo

    Size
    8,716 SF
    Type
    Office, Special Purpose
    Contact us

    We can help!

    Listing Contact
    Todd Lorenz

    Listing agent Todd Lorenz License #NE 20140257

    Listing office Home Real Estate

    Listing date Oct 9, 2023

    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 Home Real Estate

    HighLights

    • High visibility location on O St. (Main Street Lincoln) / US‑34
    • Ample surface parking with main and north auxiliary parking lots
    • Entire 2nd floor available, divisible into open space or private offices with downtown views
    • Elevator access to all floors
    • Central Lincoln location with easy access to I‑80, US‑77, and NE‑2
    • Finished lower level with open commons area and kitchen

    Overview

    This aesthetically pleasing building, situated in central Lincoln, presents an opportunity for quality office space. The entire 2nd floor is available, divided into two sections. One section features an open layout with two offices and a kitchen. The other side offers views of downtown Lincoln and is configured with private perimeter offices, conference rooms, and a kitchen. The lower level includes an open commons area, a kitchen, and a vending area. Stairwells are located on both sides of the building, and a main elevator provides access to all floors. Each floor has a common area water fountain and men's and women's bathrooms. A company directory is located in the main lobby, along with signage on "O" Street. Parking is plentiful, with a main and north auxiliary parking lot. The property is located in a lively surrounding neighborhood with nearby parks, minutes from I-80, US-77, and NE-2. Public transportation is adjacent to the building. The location offers high visibility on O St. (Main Street Lincoln) / US-34. The building also features a finished lower level and wet sprinklers.
    Property Profile Location Intelligence

    Current Use by Public Records

    ROAD-READY Driver Training Training Center Aaa Nebraska: Kline ... Insurance Agency Lincoln-Lancaster Genealogical Society ... Community Center Aaa Insurance: Albright ... Insurance Agency Ranger Cash Adavance Loan Service

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Lincoln
    County
    Lancaster
    State
    Nebraska
    Longitude
    -96.6787983
    Latitude
    40.8137944

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    FAQs

    What type of property is this?
    Office building - Highly visible office building with ample parking and signage.
    Where is this office building located?
    The property is located at 2900 O St Lincoln, NE.
    What is the lease rate?
    The lease rate is $11 SF/Yr.
    What are key features of this property?
    This property features: High visibility location on O St. (Main Street Lincoln) / US‑34; Ample surface parking with main and north auxiliary parking lots; Entire 2nd floor available, divisible into open space or private offices with downtown views
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Todd Lorenz
    Real Estate License ID: NE 20140257
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    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.

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