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

    1940 Cornhusker Hwy Lincoln, NE 68521-1850

    • Retail space
    • 12,008 SF
    • 1.14 lot acres
    OFF-MARKET
    Value Estimations
    $1,140,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US57-0105872
    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

    • Harbor Freight Tools / Tool Store / Hardware Store

    Property Details for 1940 Cornhusker Hwy

    Year built
    1972
    Lot size
    1.14 lot acres
    Property size
    12,008 SF
    Zone code
    H3
    Property type
    Retail space
    APN
    11-12-316-004-000
    APU
    1112316004000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,484,000
      Market price range: $1.26M - $3.76M

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

    Location Insight

    • Map
    • Local Demand
    City
    Lincoln
    County
    Lancaster
    State
    Nebraska
    Longitude
    -96.6922
    Latitude
    40.8433
    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
    $16,636
    $273,800
    $657,000
    $930,800
    -
    $273,800
    $657,000
    $930,800

    Comparable in this City

    • Value Estimation
      $4,580,000
      35,442 SF

      643 Fallbrook Blvd

      RETAIL STORES (PERSONAL SERVICES) • 35,442 SF
      643 Fallbrook Blvd, Lincoln, NE 68521-9143
      View Details
    • Value Estimation
      $16,855,000
      211,006 SF

      4700 27th St

      RETAIL STORES (PERSONAL SERVICES) • 211,006 SF
      4700 27th St, Lincoln, NE 68521-1190
      View Details
    • Value Estimation
      $665,000
      3,592 SF

      844 Fallbrook Blvd

      RETAIL STORES (PERSONAL SERVICES) • 3,592 SF
      844 Fallbrook Blvd, Lincoln, NE 68521
      View Details
    • Value Estimation by Request
      2,000 SF

      2555 Kensington Dr

      RETAIL STORES (PERSONAL SERVICES) • 2,000 SF
      2555 Kensington Dr, Lincoln, NE 68521-4758
      View Details
    • Value Estimation
      $3,870,000
      40,396 SF

      2541 11th St

      RETAIL STORES (PERSONAL SERVICES) • 40,396 SF
      2541 11th St, Lincoln, NE 68521-2232
      View Details
    • Value Estimation
      $4,630,000
      51,324 SF

      5240 27th St

      RETAIL STORES (PERSONAL SERVICES) • 51,324 SF
      5240 27th St, Lincoln, NE 68521-1176
      View Details

    Similar Nearby for Sale

    • $800,000
      2,224 SF

      Established Tavern on Cornhusker Highway

      Turnkey tavern with real estate, business, and equipment included.
      736 West Cornhusker Hwy, Lincoln, NE 68521
      View Details
    • Contact for pricing
      1.00 Acre

      Lincoln Industrial Land - I-80 Access

      Prime industrial land, build-to-suit options.
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    • $240,000
      1,200 SF

      Hunters Pointe Townhouse with Yard

      Two-bedroom, two-bath townhouse with fenced yard and attached garage.
      3941 N 19Th St, Lincoln, NE 68521
      View Details
    • $1,900,000

      Lincoln Multi-Family Townhome Portfolio

      Well-maintained 7-unit townhome portfolio in Northwest Lincoln.
      239 W Irving St, Lincoln, NE 68521
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    • $17,408,550
      116,057 SF

      Lincoln Office Building - 116,057 SF

      Prime Lincoln Office, 100% Occupied, NNN Lease
      4800 1St St, Lincoln, NE 68521
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    • $14,750,000
      142,428 SF

      Two-Story Office Building on Acres

      Two-story office building on 12.17 acres, built in 2005.
      1301 Highland Blvd, Lincoln, NE 68521
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      9,000 SF

      Fletcher Avenue Retail/Office Space

      High-visibility space ideal for office, retail, or service users.
      2240 Fletcher Ave, Lincoln, NE 68521
      View Details
    • Contact for pricing
      723,226 SF

      Lincoln Crossing Retail Space

      Prime Lincoln retail, multiple spaces available
      0 27Th St, Lincoln, NE 68521
      View Details
    • $16 SF/Yr
      1,790 SF

      Lincoln Office Space for Lease

      1790 SF Creative/Medical Office Suite
      4811 1St St, Lincoln, NE 68521
      View Details
    • $10 SF/Yr
      4,300 SF

      Lincoln Restaurant Space Available

      High-visibility restaurant space near I-80.
      2900 12Th St, Lincoln, NE 68521
      View Details
    • Contact for pricing

      Lincoln Commercial Land Opportunity

      0.73-acre Pad Site for Lease
      3940 26Th St, Lincoln, NE 68521
      View Details
    • $9 SF/Yr
      25,000 SF

      Prime Northwest Lincoln Office Space

      25,000 SF Available - Fully Furnished
      4600 Innovation Dr, Lincoln, NE 68521
      View Details

    Property Visit Statistics

    • Visits by month
      17.4k
    • Visitors by month
      13.5k
    • Avg Time on site
      16 min
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    Lincoln, NE 68521-1850
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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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