Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2077 21St St Lincoln, NE 68502
    Back to Search
    Property profile & analytics

    2077 21St St Lincoln, NE 68502

    View on Map
    • Retail properties & Spaces
    • 45,643 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 2077 21St St

    Year built
    2022
    Property size
    45,643 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Restaurants

    Description

    Telegraph Lofts West offers exceptional Class A office space in Lincoln's vibrant Telegraph District. This four-story building, constructed in 2022, boasts a total of 45,643 square feet, with 24,567 square feet currently available. The property is zoned B-4 and located in Lancaster County, offering convenient access to a thriving mixed-use neighborhood. Multiple tenancy options are available, with spaces ranging from a minimum of 1,631 square feet to a maximum contiguous space of 15,378 square feet, catering to a variety of business needs. The building's strategic location within the Telegraph District provides easy access to employers, housing, entertainment, and dining options. Ample free surface parking further enhances the convenience and accessibility of this prime commercial property. The building's modern design and amenities make it an ideal location for businesses seeking a vibrant and functional workspace. This property is perfect for businesses seeking a blend of modern aesthetics and convenient location within a dynamic urban setting. The flexible space options allow for customization to suit individual business requirements, ensuring a comfortable and productive work environment. The property's classification as a Class A building reflects its high-quality construction and modern features. Consider this exceptional opportunity to establish your business in a thriving and well-connected location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lincoln
    County
    Lancaster
    State
    Nebraska
    Longitude
    -96.6909
    Latitude
    40.8125

    Comparable in this City

    • Value Estimation by Request

      1422 South St

      Office Units
      1422 South St, Lincoln, NE 68502
      View Details
    • Value Estimation by Request
      22,850 SF

      1626 South St

      Lifestyle centers • 22,850 SF
      1626 South St, Lincoln, NE 68502
      View Details
    • Value Estimation
      $2,785,000
      18,418 SF

      2320 Park Blvd

      OFFICE (GENERAL) • 18,418 SF
      2320 Park Blvd, Lincoln, NE 68502-3327
      View Details
    • Value Estimation
      $9,465,000
      108,001 SF

      624 Peach St

      OFFICE (GENERAL) • 108,001 SF
      624 Peach St, Lincoln, NE 68502-2027
      View Details
    • Value Estimation
      $3,050,000
      19,790 SF

      3800 Vermaas Pl

      OFFICE (GENERAL) • 19,790 SF
      3800 Vermaas Pl, Lincoln, NE 68502-4453
      View Details
    • Value Estimation
      $1,740,000
      11,033 SF

      2202 11th St, Unit 2

      OFFICE (GENERAL) • 11,033 SF
      2202 11th St, Lincoln, NE 68502-3559
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Lincoln Office/Flex Property For Sale

      7,728 SF office/flex building in central Lincoln.
      3151 South St, Lincoln, NE 68502
      View Details
    • $630,000
      8,006 SF

      I-1 Zoned Storage Facility

      Office, warehouse, and mini storage units on 0.69 acres.
      1418 South 3Rd St, Lincoln, NE 68502
      View Details
    • $125,000

      Multifamily Development Opportunity

      R-6 zoned lot near UNL and downtown Lincoln.
      1039 C St, Lincoln, NE 68502
      View Details
    • $650,000
      6,409 SF

      Lincoln Multifamily Investment Opportunity

      Eight-unit multifamily property in central Lincoln location.
      2410 South St, Lincoln, NE 68502
      View Details
    • Contact for pricing

      Prime Corner Lot For Sale

      High-visibility corner lot suitable for various commercial uses.
      4180 S 14Th St, Lincoln, NE 68502
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Mixed-Use Space in Telegraph District

      Dynamic mixed-use community with office, retail, dining, and entertainment spaces.
      2077 N 21St St, Lincoln, NE 68502
      View Details
    • Contact for pricing

      Prime Corner Lot For Lease

      High-visibility corner lot suitable for various commercial uses.
      4180 S 14Th St, Lincoln, NE 68502
      View Details
    • Contact for pricing

      Retail and Office Space Available

      Retail and office space for rent in Lincoln, Nebraska.
      1331 Plum St, Lincoln, NE 68502
      View Details
    • $8 SF/Yr
      5,208 SF

      Historic Brick Building For Lease

      Historic brick building suitable for office, retail, or creative use.
      1615 S 17Th St, Lincoln, NE 68502
      View Details
    • Contact for pricing

      Iconic South Lincoln Office Building

      Prominently located office building with extensive remodeling plans.
      3201 Pioneers Blvd, Lincoln, NE 68502
      View Details
    • Contact for pricing
      3,089 SF

      Iconic Office Building For Lease

      South Lincoln office building with modernization plans for 2024.
      3201 Pioneers Blvd, Lincoln, NE 68502
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2077 21St St
    Lincoln, NE 68502
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2077 21St St, Lincoln, NE, 68502
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!