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    Property profile & analytics

    1601 Q St Lincoln, NE 68508-1640

    • Retail space
    • 14,760 SF
    • 0.96 lot acres
    OFF-MARKET
    Value Estimation
    $4,215,000
    Last Sale
    Feb 12, 2020
    $3,150,000
    Location Intelligence
    Property ID
    US57-0145538
    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

    • Papa John's Pizza / Pizza Restaurant
    • Casey’s / Pizza Restaurant / Gas Station
    • Insomnia Cookies / Dessert Shop

    Property Details for 1601 Q St

    Year built
    1993
    Lot size
    0.96 lot acres
    Property size
    14,760 SF
    Zone code
    B4
    Property type
    Retail space
    APN
    10-24-318-017-000
    APU
    1024318017000

    Description

    This exceptional retail opportunity is located at 1601 Q Street in Lincoln, Nebraska, zip code 68508. The property is a strip center offering flexible space ideal for a variety of retail or restaurant uses. Currently, there is one contiguous space of 3,440 square feet available, although smaller spaces starting at 1,000 square feet can be created. The property boasts a strong tenant mix, including Casey's general store, Insomnia Cookies, Breakfast Unhinged, and a national sandwich chain, ensuring high foot traffic and visibility. This prime location provides excellent access and convenience for customers. The property also offers the significant advantage of 68 parking stalls, ensuring ample parking for both tenants and their customers. The available space presents a unique chance to establish a business in a thriving commercial area with established successful businesses as neighbors. The flexible space allows for customization to suit specific business needs, making it an attractive option for a variety of retail or restaurant concepts. Don't miss this opportunity to secure a space in this high-demand location.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $4,550,000

    • CAP approach

      CAP return
      Estimation
      6%
      $3,330,000
      6.5%
      $3,480,000
      7%
      $3,100,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $3,520,000
      Geo Method
      $3,515,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $3,220,000
      Retail
      $3,920,000
      Mixed-Use
      $3,800,000
      Hospitality
      $3,520,000
      Educational
      $2,900,000
      Residential Income
      $3,450,000
      Energy
      $3,850,000
      Income-Based Land
      $3,175,000
      Food Service
      $3,380,000

    Location Insight

    • Map
    • Local Demand
    City
    Lincoln
    County
    Lancaster
    State
    Nebraska
    Longitude
    -96.6975
    Latitude
    40.8155
    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
    $61,185
    $1,522,500
    $1,900,800
    $3,423,300
    -
    $1,522,500
    $1,900,800
    $3,423,300

    Comparable in this City

    • Value Estimation by Request
      8,797 SF

      200 11th Sts100

      RETAIL STORES (PERSONAL SERVICES) • 8,797 SF
      200 11th Sts100, Lincoln, NE 68508-1451
      View Details
    • Value Estimation
      $540,000
      5,250 SF

      100 1st St

      RETAIL STORES (PERSONAL SERVICES) • 5,250 SF
      100 1st St, Lincoln, NE 68508-2351
      View Details
    • Value Estimation by Request
      7,436 SF

      1100 O St, Unit 100

      RETAIL STORES (PERSONAL SERVICES) • 7,436 SF
      1100 O St, Lincoln, NE 68508-3612
      View Details
    • Value Estimation
      $355,000
      1,840 SF

      114 14th Stb

      RETAIL STORES (PERSONAL SERVICES) • 1,840 SF
      114 14th Stb, Lincoln, NE 68508-1801
      View Details
    • Value Estimation
      $395,000
      3,554 SF

      101 14th St

      RETAIL STORES (PERSONAL SERVICES) • 3,554 SF
      101 14th St, Lincoln, NE 68508-3800
      View Details
    • Value Estimation by Request
      3,220 SF

      1317 Q St Ste

      RETAIL STORES (PERSONAL SERVICES) • 3,220 SF
      1317 Q St Ste, Lincoln, NE 68508-1507
      View Details

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    1601 Q St
    Lincoln, NE 68508-1640
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    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
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