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Property profile & analytics
OFF-MARKET
Apartment buildings

120 13Th St Lincoln, NE 68508

40,000 SF 0.53 ac lot Built 1929
Property ID
Property summary
AI-generated overview

This exceptional Class A multifamily investment opportunity presents the renowned Rococo Theatre, a landmark in Lincoln, Nebraska. Built in 1929 and meticulously restored in 2001, this 40,000 square foot, 12-story building boasts stunning Italian Romanesque architecture. Currently operating at 100% occupancy, the theatre offers a unique blend of historical charm and modern amenities. The property includes state-of-the-art audio-visual equipment, Vegas-style seating, full bars on three levels, and a full kitchen in the basement. With a capacity exceeding 1,200, it's ideal for diverse events: concerts, comedy shows, private parties, weddings, corporate functions, and more. Situated on a 0.53-acre lot in the heart of downtown Lincoln, just steps from the University of Nebraska campus (25,000 students), this prime commercial property benefits from a vibrant urban setting and a large potential customer base within a city of 275,000 residents. The property is zoned for commercial use and offers significant upside potential. The seller will consider offers including additional assets. A lease option is also available at $25,000 per month, NNN. This is a rare chance to acquire a truly unique and profitable entertainment venue in a thriving Nebraska market.

Property profile
Verified
Property type Apartment buildings
Year built 1929
Total area 40,000 SF
Lot 0.53 ac (23,087 SF)
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
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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