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    1St St Lincoln, NE 68512

    Sponsored
    For Sale
    $4,720,000

    118 Acres, Prime Location, High Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 118-acre property in Lancaster County, Nebraska, presents a unique commercial, industrial, and residential development opportunity. Located at the intersection of West Rokeby Road and South 1st Street, this gently rolling terrain is zoned for agriculture, offering significant flexibility for future projects. Its strategic location, just 1.7 miles south of a new casino and horse track and one mile north of Saltillo Road, provides easy access to major highways (Highway 77, Highway 2, and Interstate 80, 7.5 miles north) and is minutes from downtown Lincoln. The area boasts numerous amenities, including grocery stores, restaurants, and entertainment venues. The property's proximity to the Haymarket area and downtown Lincoln enhances its appeal for residential, acreage, or commercial development. Potential residents will enjoy access to outdoor recreation, with the Yankee Hill Wildlife Management Area just three miles away and Bluestem Dam Site eight miles away. This property aligns with the Lincoln/Lancaster County 2050 Comprehensive Plan, making it an ideal investment for developers seeking a prime location with high development potential. The asking price is $4,720,000, or $40,000 per acre. This represents a compelling investment opportunity in a rapidly growing area.

    Property Features for 0 1St St

    General Information

    Property type
    Land
    Lot Size
    5,140,080 SF

    HighLights

    • $4,720,000 asking price for 118± acres of commercial, industrial, and residential land.
    • Located in Lincoln, Lancaster County, Nebraska, at West Rokeby Road & South 1st Street (68512).
    • Agriculture zoning.
    • $40,000/acre land value.
    • Broker co‑op available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Lincoln
    County
    Lancaster
    State
    Nebraska
    Longitude
    -96.7204947
    Latitude
    40.711982

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    FAQs

    What type of property is this?
    Land - 118 Acres, Prime Location, High Potential
    Where is this land located?
    The property is located at 1St St Lincoln, NE.
    What is the asking price?
    The asking price for this property is $4,720,000.
    What are key features of this property?
    This property features: $4,720,000 asking price for 118± acres of commercial, industrial, and residential land.; Located in Lincoln, Lancaster County, Nebraska, at West Rokeby Road & South 1st Street (68512).; Agriculture zoning.
    Request Owner's contact information
    1St St Lincoln, NE 68512
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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
    1St St Lincoln, NE 68512
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