Spacious Two-Story Office
201 S 68th St Pl Lincoln, NE 68510
201 S 68th St Pl, Lincoln, NE, 68510
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For Sale
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23,608 SF office building on 2.33 AC lot.
Property Size23,608 SF
Lot Size2.33 Acres
Price / SF$160.75
Days on Market889
Property Features for 201 S 68th St Pl
General Information
- Standard status
- Active
- Size
- 23,608 SF
- Lot size
- 2.33 Acres
- Property subtype
- Office
Building Details
- Year Built
- 1995
Listing Agency
NAI FMA Realty
(402) 441-5800
Listed by
Michael Ball · License #NE 20090031
Source
Crexi
Added: Feb 9, 2024 Checked: Jul 17 at 12:29 pm
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 NAI FMA Realty
Investment Insights
Based on property information with market context.
This two-story building offers 23,608 square feet of space on a 2.33-acre lot. The building's layout is functional and can accommodate different user needs. It provides parking for both customers and employees, and is suitable for various business types.
Key Highlights
- Spacious 23,608 SF building
- Large 2.33 AC lot
- Functional layout accommodating various business types
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $495.8k | $21.00 |
| − Vacancy | −$99.2k | −$4.20 |
| EGI | $396.6k | $16.80 |
| − OpEx | −$99.2k | −$4.20 |
| NOI | $297.5k | $12.60 |
23,608 SF · lease $21.00/SF/yr · vacancy 20.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$4.25M
$3.72M – $4.96M
NOI $297,461 @ 7.0% cap · market cap 7.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.79M
$5.06M – $6.75M
NOI $405,136 @ 7.0% cap · market cap 10.68%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Dr. Joni Tilford
Physician
Cancer Partners of Nebraska
Physician
Dr. Scott Mcham
Physician
Korinne N. Riley, ...
Physician
Tara Benes
Physician
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FAQs
What type of property is this?
Office building - 23,608 SF office building on 2.33 AC lot.
Where is this office building located?
The property is located at 201 S 68th St Pl Lincoln, NE.
What is the asking price?
The asking price for this property is $3,795,000.
What are key features of this property?
This property features: Spacious 23,608 SF building; Large 2.33 AC lot; Functional layout accommodating various business types
