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Property profile & analytics

400 48Th St Lincoln, NE 68504

  • Commercial real estate
  • 0.60 lot acres
Value Estimation
$310,000
Location Intelligence
Property ID
US57-0223967
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Beauty Image / Beauty Salon / Hair Salon
  • Universal Dance Academy / Dance School
  • Amazon Locker - Jaya / Shipping And Mailing Service
  • Five Below / Toy Store / Candy Store
  • DSW Designer Shoe Warehouse / Fashion Accessories Store / Shoe Store

Property Details for 400 48Th St

Lot size
0.60 lot acres
Zone code
B2
Property type
Commercial real estate
APN
17-20-400-013-000
APU
1720400013000

Description

Centro Plaza, located at 400 N 48th St, Lincoln, NE 68504, presents a prime retail investment opportunity in Lancaster County. This 116,419 square foot shopping center boasts a strong tenant mix, anchored by established national retailers such as TJ Maxx, DSW, Five Below, Kirklands, and Michaels. Currently, there are two available spaces totaling 1,565 to 3,080 square feet. One space (B2) is a first-generation space, ideal for tenant improvements to suit specific business needs. The other space (C7) is a former fitness center, offering a unique layout and potential for adaptive reuse. The property is zoned B2 and enjoys excellent visibility and accessibility in a high-traffic retail corridor along 48th Street, just north of O Street, placing it in the heart of Lincoln's busy retail area. This location provides exceptional exposure to a large customer base. The available spaces offer a chance to establish a presence in a thriving retail environment alongside successful national brands. This is an excellent opportunity for businesses seeking high visibility and convenient access within a well-established shopping center.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $315,000
  • CAP approach

    CAP return
    Estimation
    6%
    $285,000
    6.5%
    $270,000
    7%
    $270,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $310,000
    Geo Method
    $300,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $265,000
    Retail
    $315,000
    Mixed-Use
    $275,000
    Hospitality
    $290,000
    Educational
    $260,000
    Residential Income
    $310,000
    Energy
    $295,000
    Income-Based Land
    $295,000
    Food Service
    $255,000

Location Insight

  • Map
  • Local Demand
City
Lincoln
County
Lancaster
State
Nebraska
Longitude
-96.6531
Latitude
40.8189
CBSA code
30700
CBSA name
LINCOLN, NE METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$7,246
$376,700
$28,700
$405,400
-
$376,700
$28,700
$405,400
More about this property
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