0 1St St, Lincoln, NE 68512
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.