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

    206 S 13Th St Lincoln, NE 68508

    • Office space
    • 154,129 SF
    For Lease
    View listing
    $15 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US57-0158335
    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

    • The Straight Edge / Barber Shop
    • Sharp Building / Contractor
    • Information Analytics / Software Company / Website Designer
    • League of Nebraska Municipalities / Non-Profit Organization
    • Sup Family / Property Management Company

    Property Details for 206 S 13Th St

    Year built
    1927
    Property size
    154,129 SF
    Property type
    Office space

    Description

    The Sharp Building, a 16-story professional office building located at 206 S 13th St, Lincoln, NE 68508, offers exceptional office space in the heart of downtown. Built in 1927, this landmark building boasts 154,129 square feet of total space, with 46,559 square feet currently vacant. Multiple tenancy options are available, ranging from a minimum of 1,718 square feet to a maximum contiguous space of 9,396 square feet, providing flexibility for businesses of various sizes. The building features four elevators for convenient access to all floors. Its prime location provides easy access to a parking garage via a convenient skywalk system, and surface parking lots are also located adjacent to the building. This is an unparalleled opportunity to secure prestigious office space in a vibrant and thriving downtown Lincoln location. The building's classic architecture and modern amenities combine to create a sophisticated and productive work environment. Inquire today to learn more about available spaces and lease terms.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Lincoln
    County
    Lancaster
    State
    Nebraska
    Longitude
    -96.702645229005
    Latitude
    40.812173416605

    Comparable in this City

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      42,500 SF

      Lincoln Class A Office Space

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      Office Space Near Haymarket

      Office space for rent near Haymarket and Central Business District.
      610-650 J St, Lincoln, NE 68508
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      New Office Space Available

      New office space in Midtown location with great visibility.
      5605 N St, Lincoln, NE 68508
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      Downtown Lancaster Coworking Space

      Modern 5,778 sq ft office, available October 1st.
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    • $15 SF/Yr
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      Customizable Office and Retail Space

      Adaptable office/retail suites in downtown Lincoln with modern infrastructure.
      206 S 13Th St, Lincoln, NE 68508
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    • $17 SF/Yr
      242,835 SF

      Downtown Lincoln Office Building For Rent

      Century-old office building with modern renovations, rooftop deck, and skywalk.
      1200 N St, Lincoln, NE 68508
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    Similar Nearby for Sale

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    • $150,000
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      Land with Capitol View

      Prime lot for office or apartment development with capitol view.
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    Similar Nearby for Lease

    • $14 SF/Yr
      42,500 SF

      Lincoln Class A Office Space

      Premier Lincoln office, flexible suites.
      2021 Transformation Dr, Lincoln, NE 68508
      View Details
    • $18 SF/Yr
      1,007 SF

      Office Space Near Haymarket

      Office space for rent near Haymarket and Central Business District.
      610-650 J St, Lincoln, NE 68508
      View Details
    • $17 SF/Yr
      1,500 SF

      New Office Space Available

      New office space in Midtown location with great visibility.
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      View Details
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      Lincoln Office Suites: South Haymarket

      Historic Haymarket Office Spaces Available
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      Flex Space Near Telegraph District

      Flex space with exposed brick and wood ceilings near Downtown.
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      Downtown Office Space Available

      Office complex in downtown Lincoln with modern features and historic beauty.
      1135 M St, Lincoln, NE 68508
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    206 S 13Th St
    Lincoln, NE 68508
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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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