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    2220 86Th St Lincoln, NE 68505

    Sponsored
    For Sale
    $550,000

    Prime Lincoln commercial land, ideal for development. Near major retailers & highways.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    400
    This exceptional 1.44-acre commercial land parcel, located at 2220 N 86th Street in Lincoln, Nebraska, presents a unique investment opportunity. Priced at $550,000, this property (Lot 6) is zoned H-4 and offers excellent visibility and accessibility. The site benefits from its proximity to a thriving commercial corridor on N. 84th Street, placing it within easy reach of major retailers such as Hy-Vee Grocery and Walmart. The area is experiencing significant residential growth, creating a strong potential customer base for any development. Furthermore, the Lancaster Event Center is conveniently located just one mile north, adding to the area's appeal. Strategic access points to I-80, O Street, and Cornhusker Highway ensure seamless connectivity throughout the city. A new Planet Fitness gym is now open on the site, further enhancing the area's vibrancy and attracting foot traffic. This property represents a compelling chance to capitalize on Lincoln's robust commercial market and burgeoning residential growth. The site's size and location make it suitable for a variety of commercial developments. Serious inquiries are encouraged.

    Property Features for 2220 86Th St

    General Information

    Property type
    Land

    HighLights

    • High‑traffic location on N. 84th Street commercial corridor.
    • Hy‑Vee and Walmart are nearby.
    • Surrounded by expanding residential communities.
    • One mile from the Lancaster Event Center.
    • Excellent access to I‑80, O Street, and Cornhusker Highway.
    • New Planet Fitness gym on‑site.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    Lincoln
    County
    Lancaster
    State
    Nebraska
    Longitude
    -96.603574
    Latitude
    40.834823

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    FAQs

    What type of property is this?
    Land - Prime Lincoln commercial land, ideal for development. Near major retailers & highways.
    Where is this land located?
    The property is located at 2220 86Th St Lincoln, NE.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: High-traffic location on N. 84th Street commercial corridor.; Hy-Vee and Walmart are nearby.; Surrounded by expanding residential communities.
    (402) 467-2525
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    2220 86Th St Lincoln, NE 68505
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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.

    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
    2220 86Th St Lincoln, NE 68505
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