401 Lincoln AveYork, NE 68467

Property Details for 401 Lincoln Ave

Year built

1983

Lot size

0.25 AC

Property size (Sq ft)

6,020 SF

Zone code

COMMERCIAL

Property type

Office properties

Property subtype

Office buildings

APN

930011376

APU

930011376

Description

This exceptional investment opportunity presents a fully leased, mixed-use property located at 401 N Lincoln Ave, York, NE 68467. The property consists of two buildings totaling 6,932 net rentable square feet situated on a 10,800 square foot lot. Built in 1983 and extensively renovated in 2021 and 2022, the property boasts a strong tenant roster, including Southeast Community College's Nursing Program (east building, fully renovated in 2022) and Little Jumpers Daycare (new roof, windows, and interior remodel in 2021). The property operates under a triple-net (NNN) lease structure, with tenants responsible for their own utilities. The landlord covers the water bill, prorating costs to tenants. Common area maintenance (CAM) costs are also passed through to tenants via monthly fees. The property features a 7.50% cap rate and a strong net operating income (NOI) of $74,500, with an asking price of $1,100,000 ($158.68/sq ft). The property is zoned for commercial use and offers a compelling investment opportunity with 100% occupancy across its two units. This is a rare chance to acquire a stable, high-performing asset in a thriving downtown location. The property's strong tenant base and recent renovations ensure a secure and profitable investment.

• CAP approach

  CAP return

  Valuation

  6%

  $1,268,529

  6.5%

  $1,170,950

  7%

  $1,087,310

• Comparable approach

  Method

  Valuation

  Relative Method

  $430,611

  Geo Method

  $430,611

• Alternative Use

  Use

  Valuation

  Residential

  $1,451,978

  Hospitality

  $1,330,004

  Educational

  $1,106,548

  Medical

  $1,144,603

  Retail

  $1,721,296

Location Insight

City

York

County

York

State

Nebraska

Latitude

40.8651

Longitude

-97.5934

Property Tax & Assessments

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