Two-Story Office Building For
For Sale
Contact for pricing
1301 W Highland Blvd, Lincoln, NE 68521
Two-story office building in northwest Lincoln with highway access.
Property Size137,671 SF
Price / SF$107.14
Days on Market836
Property Features for 1301 W Highland Blvd
General Information
Standard status
Active
Size
137,671 SF
Class
A
Property subtype
Industrial, Mixed Use, Office, Self Storage
Occupancy
100%
Lease Type
Absolute Net
Building Details
Year Built
2005
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
CBRE - Omaha
(402) 697-5808
Listed By:
Cole Scott · License #01234567
Source:
Crexi
Added: May 20, 2024
Changed: Aug 26
Last Checked: Aug 31 at 7:05AM
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 CBRE - Omaha
Investment Insights
Based on property information with market context.
This two-story, single-tenant office building is located in northwest Lincoln, at the southwest corner of NW 12th Street and W Highland Boulevard. The property offers convenient access to I-80 and Highway 34. The property size is 137671 square feet. This property presents an opportunity for ownership or leasing.
Key Highlights
- Single‑tenant office building
- Located in northwest Lincoln
- Built in 2005
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$1,340,379
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.09%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$26,807,580
$26.8M
Cap Rate 7%
$19,148,271
$19.1M
Cap Rate 9%
$14,893,100
$14.9M
Market Conditions
NOI Build-Up for 137,671 SF
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.
Gross rent
$1.97M $14.28/SF
− Vacancy
−$51.1K −$0.37/SF
EGI
$1.91M $13.91/SF
− OpEx
−$574.4K −$4.17/SF
NOI
$1.34M $9.74/SF
Area
Lincoln, NE
Vacancy
2.60%
Lease Rate
$14.28 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$26,807,580
Cap Rate 7%
$19,148,271
Cap Rate 9%
$14,893,100
Alternative Uses
Best Use
Office B
$24.78M
$21.68M – $28.91M
NOI $1,734,655 @ 7.0% cap · market cap 11.76%
Second Best
Industrial
$19.15M
$16.75M – $22.34M
NOI $1,340,379 @ 7.0% cap · market cap 9.09%
Theoretical Best
Office A
$33.75M
$29.53M – $39.38M
NOI $2,362,567 @ 7.0% cap · market cap 16.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
105
Businesses Nearby
Explore this area
Business Placement
Demographics for 68521, NE
37,251
Population
15,657
Households
2.4
Avg Household Size
31
Median Age
32%
College-Educated
88%
High-School Grad
13.2 sq mi
ZIP Area
2,822
Density / Sq Mi
$66,902
Median Household Income
$38,755
Median Earnings
$1,196
Median Rent
$235,600
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Two-story office building in northwest Lincoln with highway access.
Where is this office building located?
The property is located at 1301 W Highland Blvd Lincoln, NE.
What is the asking price?
The asking price for this property is $14,750,000.
What are key features of this property?
This property features: Single‑tenant office building; Located in northwest Lincoln; Built in 2005
