Your AI Navigator in Commercial Real Estate
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

    1501 Old Cheney Rd Lincoln, NE 68512-2505

    • Office Properties & Spaces
    • 36,109 SF
    • 3.07 lot acres
    OFF-MARKET
    Value Estimation
    $6,415,000
    Last Sale
    Oct 04, 2021
    $5,250,000
    Location Intelligence
    Property ID
    US57-0241712
    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

    • Virtual Incision Corporation / Medical Technology Manufacturer

    Property Details for 1501 Old Cheney Rd

    Year built
    1999
    Lot size
    3.07 lot acres
    Property size
    36,109 SF
    Zone code
    O3
    Property type
    Office Properties & Spaces
    APN
    09-13-130-001-000
    APU
    913130001000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $6,815,000

    • CAP approach

      CAP return
      Estimation
      6%
      $4,910,000
      6.5%
      $5,605,000
      7%
      $5,700,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $5,925,000
      Geo Method
      $5,710,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $4,360,000
      Retail
      $5,595,000
      Mixed-Use
      $5,625,000
      Hospitality
      $5,595,000
      Educational
      $5,110,000
      Residential Income
      $4,355,000
      Energy
      $5,910,000
      Income-Based Land
      $4,690,000
      Food Service
      $5,130,000

    Location Insight

    • Map
    • Local Demand
    City
    Lincoln
    County
    Lancaster
    State
    Nebraska
    Longitude
    -96.7005
    Latitude
    40.7551
    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
    $104,552
    $1,004,400
    $4,845,300
    $5,849,700
    -
    $1,004,400
    $4,845,300
    $5,849,700

    Comparable in this City

    • Value Estimation by Request
      10,153 SF

      8555 Executive Woods Dr

      OFFICE (GENERAL) • 10,153 SF
      8555 Executive Woods Dr, Lincoln, NE 68512-9305
      View Details
    • Value Estimation by Request
      6,801 SF

      1300 Garret Ln

      OFFICE (GENERAL) • 6,801 SF
      1300 Garret Ln, Lincoln, NE 68512-9914
      View Details
    • Value Estimation by Request
      43,236 SF

      1345 Old Cheney Rd

      OFFICE (GENERAL) • 43,236 SF
      1345 Old Cheney Rd, Lincoln, NE 68512-1266
      View Details
    • Value Estimation by Request
      2,211 SF

      1415 Old Farm Rd

      OFFICE (GENERAL) • 2,211 SF
      1415 Old Farm Rd, Lincoln, NE 68512-1805
      View Details
    • Value Estimation
      $1,590,000
      8,736 SF

      1631 Cushman Dr

      OFFICE (GENERAL) • 8,736 SF
      1631 Cushman Dr, Lincoln, NE 68512-1207
      View Details
    • Value Estimation
      $4,535,000
      10,262 SF

      1240 Aries Dr

      OFFICE (GENERAL) • 10,262 SF
      1240 Aries Dr, Lincoln, NE 68512-9100
      View Details

    Similar Nearby for Sale

    • $195,000
      0.24 Acres

      Residential Land in South Lincoln

      Landscaped lots for single-family villas in established Lincoln neighborhood.
      2330 Springtime Ct, Lincoln, NE 68512
      View Details
    • $195,000
      0.26 Acres

      Residential Land in South Lincoln

      Land in The Knolls, a celebrated south Lincoln location.
      2321 Springtime Ct, Lincoln, NE 68512
      View Details
    • $210,000
      0.25 Acres

      Residential Land in South Lincoln

      Land for luxury single-family villas in The Knolls.
      2318 Summertime Ct, Lincoln, NE 68512
      View Details
    • $225,000
      0.30 Acres

      Residential Land in South Lincoln

      Land in The Knolls, a celebrated south Lincoln location.
      2317 Summertime Ct, Lincoln, NE 68512
      View Details
    • $4,720,000
      118.00 Acres

      Lincoln Land Development Opportunity

      118 Acres, Prime Location, High Potential
      0 1St St, Lincoln, NE 68512
      View Details
    • $4,720,000
      118.00 Acres

      Lincoln Development Land Opportunity

      118-acre development property near casino, racetrack, and downtown Lincoln.
      0000 West 1St St, Lincoln, NE 68512
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      9,000 SF

      South Lincoln Build-to-Suit Opportunity

      Prime South Lincoln location; flexible office space.
      5555 27Th St, Lincoln, NE 68512
      View Details
    • Contact for pricing
      4,937 SF

      Yankee Hill Business Center Office

      Office space available at Yankee Hill Business Center.
      8400 Cody Dr, Lincoln, NE 68512
      View Details
    • $23 SF/Yr
      3,490 SF

      Access Point: Prime Office Suites

      Upscale Offices, Multiple Sizes Available
      1701 Windhoek Dr, Lincoln, NE 68512
      View Details
    • $16 SF/Yr
      1,000 SF

      South Lincoln Office Space Available

      1,000 SF office space in South Lincoln for rent.
      2001 Pine Lake Rd, Lincoln, NE 68512
      View Details
    • Contact for pricing
      1,500 SF

      Yankee Hill Business Center Office

      Office space available at Yankee Hill Business Center.
      7945 S 15Th St, Lincoln, NE 68512
      View Details
    • Contact for pricing
      1,500 SF

      Yankee Hill Business Center Office

      Customizable office space at Yankee Hill Business Center.
      8435 Executive Woods Dr, Lincoln, NE 68512
      View Details

    Property Visit Statistics

    • Visits by month
      27.2k
    • Visitors by month
      21.9k
    • Avg Time on site
      26 min
    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.
    1501 Old Cheney Rd
    Lincoln, NE 68512-2505
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    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.

    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.

    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.