Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    1001 70Th St Lincoln, NE 68510

    • Office Properties & Spaces
    • 12,620 SF
    • 0.94 lot acres
    For Lease
    View listing
    $12 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US57-0052220
    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

    • ExamOne / Medical Laboratory / Diagnostic Center
    • RentVision / Advertising Agency / Marketing & Advertising
    • Larry Kagan, PhD / Physician / Medical Clinic
    • Reed Dorie PhD / Physician / Medical Clinic
    • Lincoln Orthopedic Physical Therapy / Medical Clinic

    Property Details for 1001 70Th St

    Year built
    1995
    Lot size
    0.94 lot acres
    Property size
    12,620 SF
    Zone code
    O3
    Property type
    Office Properties & Spaces
    APN
    17-28-432-005-001
    APU
    1728432005001

    Description

    This exceptional Class A office park, located at 1001 S 70th St, Lincoln, NE 68510, offers 54,125 square feet of prime office space in a single, two-story building. Built in 1995, the property boasts 202 parking spaces, including covered options, and attractive landscaping. Currently, 4,675 square feet of vacant space is available, divisible into units as small as 305 square feet and up to a contiguous 2,077 square feet. The property is zoned O-3 and situated in Lancaster County, providing convenient access to CHI Health, Saint Elizabeth Hospital, and the VA Clinic. One available suite (approximately 2,806 sq ft) is currently built out as a medical office, featuring exam rooms, reception area, nurse stations, break room, and private offices. The building also includes a large common area conference room and ample storage. This is an excellent opportunity for businesses seeking a well-maintained, conveniently located office space in a desirable Lincoln neighborhood.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,555,000
      6.5%
      $2,360,000
      7%
      $2,190,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,561,000
      Market price range: $1.25M - $2.75M
      AI Estimate
      $1,593,000
      Market price range: $582k - $1.91M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,940,000
      Current use
      RETAIL STORES
      $2,680,000
      Change: +38% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lincoln
    County
    Lancaster
    State
    Nebraska
    Longitude
    -96.6261
    Latitude
    40.8027
    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
    $35,090
    $368,900
    $1,594,400
    $1,963,300
    -
    $368,900
    $1,594,400
    $1,963,300

    Comparable in this City

    • Value Estimation
      $5,050,000
      29,213 SF

      2301 O St

      OFFICE (GENERAL) • 29,213 SF
      2301 O St, Lincoln, NE 68510-1124
      View Details
    • Value Estimation
      $19,060,000
      129,485 SF

      500 84th St

      OFFICE (GENERAL) • 129,485 SF
      500 84th St, Lincoln, NE 68510-2611
      View Details
    • Value Estimation
      $2,915,000
      27,378 SF

      7101 A St

      OFFICE (GENERAL) • 27,378 SF
      7101 A St, Lincoln, NE 68510-4202
      View Details
    • Value Estimation
      $1,585,000
      8,536 SF

      7401 O St

      OFFICE (GENERAL) • 8,536 SF
      7401 O St, Lincoln, NE 68510-2444
      View Details
    • Value Estimation by Request
      6,572 SF

      2408 J St

      Office Properties & Spaces • 6,572 SF
      2408 J St, Lincoln, NE 68510
      View Details
    • Value Estimation by Request
      5,532 SF

      145 56Th St

      Retail properties • 5,532 SF
      145 56Th St, Lincoln, NE 68510
      View Details

    Similar Nearby for Sale

    • $4,250,000
      22,395 SF

      Lincoln Medical Office Building

      Vacant 22,395 SF Medical Office
      201 68Th Street Pl, Lincoln, NE 68510
      View Details
    • $990,000
      5,270 SF

      Office Building with Income Potential

      Well-maintained office building with tenant in place and upside.
      127 S 37Th St, Lincoln, NE 68510
      View Details
    • $3,995,000
      22,395 SF

      Spacious Two-Story Building in Lincoln

      22,395 SF building on 2.33 AC lot in Lincoln.
      201 S 68Th Street Pl, Lincoln, NE 68510
      View Details
    • $3,500,000
      3,000 SF

      Office Building with Available Suites

      Office building with suites suitable for medical, legal, or financial businesses.
      600 N Cotner Blvd, Lincoln, NE 68510
      View Details
    • $2,200,000

      High-Traffic Car Lot For Sale

      Car lot with showroom, high traffic, great exposure.
      6341 N 28Th St, Lincoln, NE 68510
      View Details
    • $449,000

      Lincoln Brick Multi-Family Property

      Four-unit property with garages and on-site laundry.
      2930 N St, Lincoln, NE 68510
      View Details

    Similar Nearby for Lease

    • $9 SF/Yr
      8,784 SF

      Lincoln Executive Office Space

      Prime O Street location, 3,022 sq ft available.
      3119 O St, Lincoln, NE 68510
      View Details
    • $12 SF/Yr
      53,137 SF

      Lincoln Office Space - 2,550 SF Available

      Prime Lincoln Office: 2,550 SF, Class B, 116 Parking Spaces
      300 68Th Street Pl, Lincoln, NE 68510
      View Details
    • $19 SF/Yr
      117,542 SF

      Telegraph Lofts East: Lincoln Office Space

      Lincoln's premier Class A office space, flexible layouts.
      200 21St St, Lincoln, NE 68510
      View Details
    • $17 SF/Yr
      125,000 SF

      Telegraph District Retail Spaces

      Lincoln, NE: Prime Retail & Office
      200 21St St, Lincoln, NE 68510
      View Details
    • $16 SF/Yr
      17,228 SF

      Antelope Tower: Prime Commercial Space

      Downtown Telegraph District: Retail, Office, Restaurant
      1900 K St, Lincoln, NE 68510
      View Details
    • Contact for pricing
      30,000 SF

      Mixed-Use Redevelopment Opportunity

      5.11-acre mixed-use redevelopment site near 27th & Nebraska Parkway.
      4200 S 27Th St, Lincoln, NE 68510
      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.
    1001 70Th St
    Lincoln, NE 68510
    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

    Google sign-in failed. Please try again or use another login method.