Technical
Financial
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Property profile

1634 3rd St Lincoln, NE 68502

OFF-MARKET
Commercial real estate
Property ID
US57-0133425
6,000 SF 0.28 ac lot Built 1977
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This versatile 6,000-square-foot industrial property, situated in west-central Lincoln, offers a unique blend of warehouse and office space. Formerly a garage door shop and service center, this single-tenant building boasts 4,400 square feet of warehouse space complemented by 1,560 square feet of office and showroom area. The layout includes four air-conditioned offices and a reception area, ideal for a variety of businesses. The warehouse features impressive 18-foot ceilings, two 14-foot high dock doors, and two drive-in doors, ensuring efficient loading and unloading. Radiant heat provides comfortable year-round temperatures. The property sits on a 12,000-square-foot lot and benefits from 3-phase electric service. The current lease is $7.50 per square foot base rent plus $2.50 per square foot in NNN expenses, totaling approximately $5,000 per month plus utilities. The low NNN rate reflects the tenant's responsibility for snow removal. The property's convenient location offers quick access to Highway 77, placing it within easy reach of eastern and southeastern Nebraska and Kansas. Limited outdoor space and street parking are available. This property is also available for sale. Showings require prior arrangement.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1977
Construction ADOBE
Total area 6,000 SF
Lot 0.28 ac (12,000 SF)
Zoning code I1
APN 10-35-105-007-000
UPID US57-0133425

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • General Contractor Renovation Specialist
  • Building Supply General Contractor

Location

1634 3rd St Lincoln, NE 68502-1914
Lincoln metro Census 2200 LINCOLN, NE METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$435k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$435k

Owner & transaction history

since 2025
Last sale
$435,000
6 recorded transactions
2025
$590,000
2024
$435,000
2020
Price N/A
2015
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

I1 · Lincoln, NE

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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