3883 Normal Blvd, Lincoln, NE 68506
Office building for sale with value-add potential and parking.
- Added:
- May 30, 2024
- Days on Market:
- 741
- Last Refresh:
- May 12 at 8:59 pm
Property Features for 3883 Normal Blvd
General Information
- Standard status
- Active
- Size
- 9,869 SF
- Property subtype
- Office
Listing agent Andy Widman License #NE 20220676
Listing office NAI FMA Realty (402) 441-5800
Listing date May 30, 2024
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 NAI FMA Realty
HighLights
- Centrally located office building.
- Includes adjacent parcel with additional parking.
- Good visibility from Normal Blvd and South Street.
- Value add or owner‑user opportunities.
- Available for sale.
- Sold "As‑Is".
Overview
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 | $207.2k | $21.00 |
| − Vacancy | −$41.4k | −$4.20 |
| EGI | $165.8k | $16.80 |
| − OpEx | −$41.4k | −$4.20 |
| NOI | $124.3k | $12.60 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Lincoln
- County
- Lancaster
- State
- Nebraska
- Longitude
- -96.6648419
- Latitude
- 40.7911192
