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Property profile & analytics
OFF-MARKET Estimated value $805,000
Commercial real estate

1321 O St Lincoln, NE 68508-1512

5,250 SF 0.41 ac lot Built 1910
Entity Owned ~ Est. High Equity
Property ID
US57-0531838
Property summary
AI-generated overview

This exceptional opportunity presents two prime bar/restaurant spaces for lease at 1321 O Street in Lincoln, Nebraska. The property, located in the heart of downtown, offers unparalleled access to high foot traffic and vibrant city energy. The building, constructed in 1900 and renovated in 2014, features a total of 6,338 square feet across two suites, each independently leasable. One space offers 3,148 square feet, while the other provides 3,190 square feet, allowing for flexibility to suit various business needs. Both spaces can be leased individually or combined for a total of 6,338 contiguous square feet. The property is zoned B4 - Lincoln Center Business, ensuring suitability for restaurant and bar operations. The building is a two-story structure, with the available spaces encompassing the entire building. The asking rent is $18.50 per square foot per year, with NNN charges of $3.20 per square foot per year. This presents a unique chance to establish or expand a thriving business in a highly desirable downtown Lincoln location, benefiting from excellent visibility and strong community engagement. The property's address is 1321 O Street, Lincoln, NE 68508, and its APN is 10-26-252-001-000. This Class C building offers a blend of historic charm and modern updates, creating an ideal setting for a successful culinary venture.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1910
Total area 5,250 SF
Lot 0.41 ac (17,750 SF)
Zoning code B4
APN 10-26-252-001-000
UPID US57-0531838
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • The Watering Hole DOWNTOWN Bar & Pub Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$500k
CAP Approach CAP
$980k
Comparable Approach Comparable
$567k
Blend (final) Blend
$805k
Owner & transaction history
Laap LLC
Laap LLC
since 2026
1 recorded transaction
2026
Price N/A
Zoning & alternative use
B4 · Lincoln, NE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source Document Viewer | Municipal Code
Top alternative use upside
Retail stores $1.1M +53.2%
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