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    1040 O St 610 Lincoln, NE 68508

    Sponsored
    For Sale
    $925,000

    Luxury Condos, Prime Location

    Property size:
    2,415 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents two luxurious 3-bedroom, 3-bathroom penthouses within the prestigious Ten40 Condos building in Lincoln, Nebraska. Each unit boasts approximately 2,415 square feet and is priced at $925,000 ($383.02/sq ft). Buyers can collaborate with a designer to customize interior finishes. One penthouse features north and west-facing windows, maximizing natural light, while the other showcases a captivating skylight, creating a bright and airy atmosphere. Both penthouses include private rooftop terraces offering breathtaking panoramic city views. The building's prime location near downtown Lincoln and the Haymarket provides easy access to amenities and entertainment. Short-term rental options through Airbnb and VRBO are available, presenting a strong potential for rental income and long-term appreciation. This is a rare chance to acquire a pair of high-end, income-generating properties in a desirable location. The units are designed for both comfortable living and sophisticated entertaining, making them ideal for discerning buyers seeking a lucrative investment and an unparalleled lifestyle. Don't miss this unique opportunity to own a piece of Lincoln's luxury real estate market.

    Property Features for 1040 O St 610

    General Information

    Property type
    1031 exchange properties
    Square Feet
    2,415 SF

    HighLights

    • $925,000 asking price for this mixed‑use investment opportunity.
    • 2,415 square feet with a price per square foot of $383.02.
    • Located at 1040 O St 610 South, Lincoln, NE 68508.
    • Two 3‑bedroom, 3‑bathroom penthouses in the Ten40 Condos building, offering private rooftop terraces and customizable interior finishes.
    • Excellent potential for short‑term rentals via Airbnb and VRBO.
    Property Profile Location Intelligence

    Current Use by Public Records

    KNTK-FM 93.7 The Ticket Radio Broadcaster Ten40 Condos Condominium Complex District Energy Corporation Energy Supplier The Mill on 11th Coffee Shop

    Suggested Use

    Realty agency Spa & Massage Restaurant Dental Office Hair Salon Nail Salon Law Firm Clothing Store Building Supply Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Lincoln
    County
    Lancaster
    State
    Nebraska
    Longitude
    -96.7057862
    Latitude
    40.8139579

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    FAQs

    What type of property is this?
    1031 exchange property - Luxury Condos, Prime Location
    Where is this 1031 exchange property located?
    The property is located at 1040 O St 610 Lincoln, NE.
    What is the asking price?
    The asking price for this property is $925,000.
    What are key features of this property?
    This property features: $925,000 asking price for this mixed-use investment opportunity.; 2,415 square feet with a price per square foot of $383.02.; Located at 1040 O St 610 South, Lincoln, NE 68508.
    Request Owner's contact information
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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
    1040 O St 610 Lincoln, NE 68508
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