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    3255 Cornhusker Hwy Lincoln, NE 68504

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    For Lease
    Contact for pricing

    Prime Lincoln retail/office space; multiple suites available.

    Lot size:
    38,770 SF

    Property Features for 3255 Cornhusker Hwy

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    38,770 SF
    Total Rate
    37154.58

    Building Details

    Year Built
    2006
    Buildings
    2
    Stories
    1

    Spaces For Lease

    at 3255 Cornhusker Hwy, Lincoln, NE 68504 Contact us
    Unit Suite A5

    $11 /Mo

    Size
    1,560 SF
    Contact us
    Unit Suite B3

    $11 /Mo

    Size
    1,690 SF
    Contact us

    We can help!

    Listing Contact
    Matt Lehnert
    Matt Lehnert

    Listing Agent: Matt Lehnert

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Invest in this thriving Lincoln, Nebraska retail center, Town & Country Plaza. This two-building complex, constructed in 2006, offers a total of 38,770 square feet of versatile space, ideal for medical offices, creative offices, or general retail businesses. Currently, there are three suites, with 4,680 square feet currently vacant. The minimum divisible space is 1,560 square feet, with larger spaces available up to 7,520 square feet. The property sits on 2.84 acres of land and boasts ample parking with 154 spaces. Located in the Lincoln submarket, with convenient access via N 33rd St, this property benefits from high visibility and a strong tenant mix, including Little King, Hobby Town, Mr. Hui's, and Active Life Chiropractic. The zoning is H3. The single-story buildings offer easy accessibility. An attractive incentive is available: six months of free rent with a five-year lease (two months in the first year and one month each subsequent year). This opportunity is perfect for businesses seeking a prominent location in a bustling plaza. Contact us today to schedule a viewing and explore the possibilities. The property features no elevators.
    Property Profile Location Intelligence

    Current Use by Public Records

    Mr. Hui's Restaurant Express Smoke Shop (Bike/Boat/Book/etc) Store Mid K Hair ... (Bike/Boat/Book/etc) Store Devon's Pole Tour Operator Sid's Deli & Subs Take-out & Catering

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Building Supply Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Lincoln
    County
    Lancaster
    State
    Nebraska
    Longitude
    -96.6732511
    Latitude
    40.8418028

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    FAQs

    What type of property is this?
    Restaurant - Prime Lincoln retail/office space; multiple suites available.
    Where is this restaurant located?
    The property is located at 3255 Cornhusker Hwy Lincoln, NE.
    What is the lease rate?
    The lease rate is $11 SF/Yr.
    What are key features of this property?
    This property features: 38,770 SF multi-tenant retail and office building on 2.84 acres.; Two buildings, single-story, totaling 3 suites.; 1,560 SF minimum divisible space; 4,680 SF currently vacant.
    (402) 540-8050 Call to check price and availability
    Request Owner's contact information
    3255 Cornhusker Hwy Lincoln, NE 68504
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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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    3255 Cornhusker Hwy Lincoln, NE 68504
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Matt Lehnert
    Matt Lehnert
    Real Estate License ID: 20190657
    (402) 540-8050 (402) 476-0086
    Learn more
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