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Property profile & analytics
OFF-MARKET Estimated value $305,000
Commercial real estate

1137 Saunders Ave Lincoln, NE 68521-2328

8,001 SF 0.26 ac lot Built 1977
Trust Owned 12-yr Hold Absentee Owner Free & Clear
Property ID
US57-0208144
Property summary
AI-generated overview

This 7,290-square-foot warehouse, located at 1137 Saunders Ave in Lincoln, Nebraska, presents a compelling investment opportunity. Priced at $790,000 ($108.37/SF), this vacant property offers significant potential for various industrial uses. Built in 1977, the warehouse boasts convenient access to Cornhusker Highway and Interstate 80, ensuring efficient transportation and logistics. The property is zoned I-1, allowing for a range of industrial applications. Features include two 14-foot at-grade doors, providing easy access for loading and unloading, and a 16-foot ceiling height, maximizing storage and operational space. The building's current tenancy is vacant, offering immediate occupancy for a new owner. The property's central Lincoln location, combined with its functional design and I-1 zoning, makes it an attractive option for businesses seeking a well-situated warehouse space in a thriving Nebraska market. The address is 1137 Saunders Ave, Lincoln, NE 68521. This is a rare opportunity to acquire a well-positioned industrial property in a desirable location.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1977
Total area 8,001 SF
Lot 0.26 ac (11,521 SF)
Zoning code I1
APN 11-14-223-003-000
UPID US57-0208144
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
  • Oneupgym Gym & Fitness Center
  • NSN Productions Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$305k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$305k
Owner & transaction history
Grubbs,ed J Trust · 12 yrs held
Grubbs,ed J Trust
since 2014
2 recorded transactions
2014
Price N/A
1969
Price N/A
Zoning & alternative use
I1 · Lincoln, NE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source Document Viewer | Municipal Code
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