5034 Old Cheney RdLincoln, NE 68516

Property Details for 5034 Old Cheney Rd

Year built

1970

Lot size

0.69 AC

Property size (Sq ft)

2,888 SF

Zone code

I1

Property type

Retail properties

Property subtype

Retail space

APN

16-08-412-007-000

APU

1608412007000

Description

Exceptional investment opportunity in South Lincoln, Nebraska, featuring a prominent 30,046 square foot flex space property situated on a 0.69-acre lot at 5034 Old Cheney Rd, zip code 68516. This mixed-use property boasts three buildings, offering a blend of retail and industrial space. The main building, ideal for office or retail use, comprises nearly 3,000 square feet, featuring two large showroom areas, a restroom, and washer/dryer hookups. High visibility is ensured by prominent signage on Old Cheney Road. Two additional metal buildings, totaling 5,560 square feet, provide ample industrial space. The middle building includes 3,000 square feet with an overhead door, heating, air conditioning, and built-out office space with two restrooms. The third building offers 2,560 square feet and three overhead doors. Both industrial buildings are fully fenced for enhanced security. The entire property features a concrete lot providing ample parking and storage. The property is zoned I-1 and offers a 6.30% cap rate with an asking price of $1,200,000 ($39.94/sq ft). Two loading docks are available. The property is currently vacant.

• CAP approach

  CAP return

  Valuation

  6%

  $757,728

  6.5%

  $699,442

  7%

  $649,482

• Comparable approach

  Method

  Valuation

  Relative Method

  $520,578

  Geo Method

  $520,578

• Alternative Use

  Use

  Valuation

  Residential

  $590,005

  Hospitality

  $540,442

  Educational

  $449,641

  Medical

  $465,105

  Retail

  $699,442

Location Insight

City

Lincoln

County

Lancaster

State

Nebraska

Latitude

40.7557

Longitude

-96.6501

CBSA code

30700

CBSA name

LINCOLN, NE METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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