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Property profile & analytics
FOR LEASE
Office Spaces
1101 S 70Th St Lincoln, NE 68510
Individually Owned
21-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US57-0009474
For Lease
1 / 9
Contact for pricing
1101 S 70Th St, Lincoln, NE 68510
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Property summary
AI-generated overview
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.
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1993
Total area
31,960 SF
Lot
2.63 ac (114,606 SF)
Zoning code
O3
APN
17-28-431-002-000
UPID
US57-0009474
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Rebecca L. Pfabe, APRN Physician
-
Jessica Zaruba Physician
-
Aaron Aldana Physician
-
Eye Works Inc Ophthalmologist (Bike/Boat/Book/etc) Store
-
Brad Olberding, MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.98M
Comparable Approach
Comparable
$5.86M
Blend (final)
Blend
$5.16M
Owner & transaction history
Taylor Meadows Medical Center · 21 yrs held
Taylor Meadows Medical Center
since 2005
2 recorded transactions
Zoning & alternative use
O3 · Lincoln, NE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$6.8M
+38.1%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Lincoln submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lincoln submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$6,470,000
6.5%
$5,975,000
7%
$5,545,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$4,915,000
Current use
RETAIL STORES
$6,785,000
Change: +38% · Conversion: Easy
Blend value · Realmo final
$5.16M
Range $4.64M – $5.68M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$161 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$80,241
Tax year 2024
Assessed value
$4,489,500
Assessed 2024
Previous assessed
$4,208,900
+6.7% YoY
Effective rate
1.79%
On assessed value
Assessed land
$1,031,400
Assessed improvement
$3,458,100
Land market value
$1,031,400
Improvement market value
$3,458,100
Total market value
$4,489,500
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Status
For Lease
Year built
1993
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
31,960 SF
Lot
2.63 ac (114,606 SF)
Zoning code
O3
APN
17-28-431-002-000
UPID
US57-0009474
Jurisdiction
LANCASTER
Zoning & alternative use
O3 · Lincoln, NEZoning O3 · permitted uses
O3 · Lincoln, NE
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$4.9M
RETAIL STORES
Est. value
$6.8M
COMMERCIAL (GENERAL) Current
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1993
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
2.63 ac
Current owner
From public records · entity-resolved
Taylor Meadows Medical Center
Individual
Mailing address
1248 O ST STE #1031, LINCOLN, NE 68508-1493
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 2, 2005
$3,200,000
Taylor Meadows Medical Center
Cpw
Warranty Deed
$2,560,000 · Pinnacle Bank
—
—
Taylor Meadows Medical Center
—
Deed Of Trust
related
$1,780,000 · Bank Of The West
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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