Property profile

340 Victory Ln Lincoln, NE 68528

FOR LEASE
Industrial properties
Property ID
US57-0232923
55,186 SF 29.39 ac lot Built 1988
Entity Owned 26-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional Class B office building, located just off West 'O' Street, offers 17,357 square feet of immediately available traditional office space. The property boasts a convenient location providing easy access to downtown Lincoln, a significant advantage for businesses seeking a central yet easily accessible location. The multiple tenancy setup allows for flexibility in lease terms and configurations, making it suitable for a variety of business needs. The building features ample parking, a crucial amenity for employees and clients alike. The zoning designation is I-1, providing a range of potential uses. Elevators are present in the building, ensuring convenient access to all floors. This is an excellent opportunity for businesses seeking a well-located, spacious, and functional office environment in a thriving area of Lincoln, Nebraska. The building's strategic location offers easy ingress and egress to and from the downtown core, minimizing commute times and maximizing efficiency. The substantial square footage available presents a unique opportunity for businesses requiring significant space for operations or expansion. The existing infrastructure and convenient amenities make this property a highly attractive option for companies seeking a productive and comfortable workspace. Interested parties are encouraged to inquire further to explore the possibilities this prime office space offers. The property is situated in Lancaster County.

Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1988
Total area 55,186 SF
Lot 29.39 ac (1,280,011 SF)
Zoning code I1
APN 10-22-400-032-000
UPID US57-0232923

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Real Estate Agency
  • Production Facility
  • Auto Parts Store
  • Auto Parts Store
  • Construction Company General Contractor

Location

340 Victory Ln Lincoln, NE 68528
Lincoln metro Census 3301 LINCOLN, NE METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$4.31M

Owner & transaction history

since 2000
7 recorded transactions
2023
Price N/A
2022
Price N/A
2007
Price N/A
2000
$7.4M
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

I1 · Lincoln, NE
Top alternative use upside
Commercial (general) $6.6M +49.1%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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