1101 70Th StLincoln, NE 68510

Property Details for 1101 70Th St

Year built

1993

Lot size

2.63 AC

Property size (Sq ft)

31,960 SF

Zone code

O3

Property type

Office properties

APN

17-28-431-002-000

APU

1728431002000

Description

This exceptional two-story, Class B medical office building, constructed in 1993, offers 31,960 square feet of space in Lincoln, Nebraska. Located at 1101 S 70th St, near the intersection of 70th & A Street, this single-tenant property sits on 2.63 acres and boasts a convenient location near major healthcare facilities including CHI Health, Bryan Health-East, Lincoln Surgical Hospital, and the VA Clinic. The building comprises six suites, with a minimum divisible space of 3,229 square feet and a maximum contiguous space of 3,229 square feet. Ample parking is provided with 108 spaces available. The property is zoned O-3 and is situated in Lancaster County, Nebraska, zip code 68510. Underground parking is available at an additional monthly cost. This property presents a unique opportunity for medical professionals seeking a well-maintained, centrally located office space. The building features several exam rooms and offices. The property is currently available for lease with a rate of $10.00 per square foot, triple net (NNN), on a 3-5 year lease term.

• CAP approach

  CAP return

  Valuation

  6%

  $6,107,702

  6.5%

  $5,637,878

  7%

  $5,235,173

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,286,099

  Geo Method

  $2,286,099

• Alternative Use

  Use

  Valuation

  Residential

  $6,990,970

  Hospitality

  $6,403,690

  Educational

  $5,327,795

  Medical

  $5,511,026

  Retail

  $8,287,682

Location Insight

City

Lincoln

County

Lancaster

State

Nebraska

Latitude

40.8018

Longitude

-96.6261

CBSA code

30700

CBSA name

LINCOLN, NE METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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