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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1300 66Th St Lincoln, NE 68505

    • Retail space
    • 15,666 SF
    • 1.35 lot acres
    For Lease
    View listing
    $9 SF/Yr
    Last Sale
    May 01, 2020
    $1,250,000
    Value Estimations
    $1,915,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US57-0189131
    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

    • Retail space

    Property Details for 1300 66Th St

    Year built
    1964
    Lot size
    1.35 lot acres
    Property size
    15,666 SF
    Zone code
    B1
    Property type
    Retail space
    APN
    17-21-211-007-000
    APU
    1721211007000

    Description

    Bethany Terrace, located at 1300 N 66th St, Lincoln, NE 68505, offers a prime retail opportunity. This single-story, 15,666 square foot commercial center is situated at the busy intersection of N 66th Street and Cotner Boulevard in Lancaster County, zoned B-1. Currently, 1,560 square feet of retail space is available for lease, representing an end-cap unit. The property features multiple tenancies, with Kelly's Pub as a long-term existing tenant. The building does not have elevators. Tenant improvement allowances are available for qualified tenants. This high-visibility location provides excellent exposure to a significant customer base. The available space is ideal for a variety of retail or restaurant uses, offering a chance to establish a thriving business in a well-established commercial area. Interested parties should note the property's convenient location and the potential for significant foot traffic and drive-by visibility. The available space presents a unique opportunity for businesses seeking a prominent location in a busy Lincoln commercial center.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,805,000
      ML approach
      $1,735,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,075,000
      6.5%
      $2,840,000
      7%
      $2,635,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,641,000
      Market price range: $1.64M - $4.90M

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

    Location Insight

    • Map
    • Local Demand
    City
    Lincoln
    County
    Lancaster
    State
    Nebraska
    Longitude
    -96.63
    Latitude
    40.8265
    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
    $18,096
    $427,600
    $584,900
    $1,012,500
    -
    $427,600
    $584,900
    $1,012,500

    Comparable in this City

    • Value Estimation
      $245,000
      1,200 SF

      1209 Cotner Blvd

      RETAIL STORES (PERSONAL SERVICES) • 1,200 SF
      1209 Cotner Blvd, Lincoln, NE 68505-1837
      View Details
    • Value Estimation
      $935,000
      86,165 SF

      1601 84th St

      RETAIL STORES (PERSONAL SERVICES) • 86,165 SF
      1601 84th St, Lincoln, NE 68505-3012
      View Details
    • Value Estimation
      $405,000
      4,485 SF

      1535 86th St

      RETAIL STORES (PERSONAL SERVICES) • 4,485 SF
      1535 86th St, Lincoln, NE 68505-3717
      View Details
    • Value Estimation
      $515,000
      10,200 SF

      221 66th St

      RETAIL STORES (PERSONAL SERVICES) • 10,200 SF
      221 66th St, Lincoln, NE 68505-2443
      View Details
    • Value Estimation
      $2,085,000
      8,996 SF

      Lincoln, NE 68505

      RETAIL STORES (PERSONAL SERVICES) • 8,996 SF
      Lincoln, NE 68505
      View Details
    • Value Estimation
      $1,055,000
      45,632 SF

      6810 P St

      RETAIL STORES (PERSONAL SERVICES) • 45,632 SF
      6810 P St, Lincoln, NE 68505-2463
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      214 SF

      Grocery Anchored Shopping Center For Sale

      Grocery-anchored shopping center with value-add opportunities in Lincoln, Nebraska.
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      Lincoln Commercial Land - 84th & Holdrege

      Prime Commercial Lot, 9,119 sq ft
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    • $189,500
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      Lincoln Commercial Land - 0.24 Acres

      Prime Lincoln location, ready to build.
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    • $295,000

      Commercial Land on Lexington Avenue

      0.27 acre commercial land with shared parking.
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    Similar Nearby for Lease

    • $9 SF/Yr
      2,135 SF

      Lincoln Retail Space Available

      Prime Lincoln retail space, 2,135 sq ft.
      1300 66Th St, Lincoln, NE 68505
      View Details
    • Contact for pricing
      5,000 SF

      Retail Space Available For Lease

      5,000 SF retail space for lease in Lincoln, NE.
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      View Details
    • Contact for pricing
      750 SF

      Salon Space in South Lincoln

      Fully built-out salon space available for lease.
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      View Details
    • Contact for pricing
      975,000 SF

      Gateway Mall Retail Spaces

      Lincoln, NE: Prime Retail & Restaurant
      6100 O St, Lincoln, NE 68505
      View Details
    • $14 SF/Yr
      6,992 SF

      Lincoln Creative Office Suites

      Modern office/retail spaces available now.
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      View Details
    • $15 SF/Yr
      2,240 SF

      Lincoln Retail Space Available

      Prime Lincoln retail space, 1,877 sq ft available.
      8222 Holdrege St, Lincoln, NE 68505
      View Details
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    Lincoln, NE 68505
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    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
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