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

    2121 56th St Lincoln, NE 68506-2111

    • Office Properties & Spaces
    • 15,178 SF
    • 0.87 lot acres
    OFF-MARKET
    Value Estimations
    $2,385,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US57-0169767
    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

    • Mary C. Rickard, MD / Physician / Medical Clinic
    • John H. Makari, MD, FAAP, FACS / Pediatrician
    • Ameeta B. Martin, M.D. / Physician
    • Zoe M. Gonzalez-Garcia, MD / Pediatrician / Medical Clinic
    • Benjamin Acheampong, MBCHB, MPH / Pediatrician / Medical Clinic

    Property Details for 2121 56th St

    Year built
    1978
    Lot size
    0.87 lot acres
    Property size
    15,178 SF
    Zone code
    O2
    Property type
    Office Properties & Spaces
    APN
    17-32-404-003-000
    APU
    1732404003000

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,075,000
      6.5%
      $2,835,000
      7%
      $2,635,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,587,000
      Market price range: $1.83M - $2.64M
      AI Estimate
      $1,729,000
      Market price range: $746k - $2.11M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $2,145,000
      Current use
      RETAIL STORES
      $3,225,000
      Change: +50% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Lincoln
    County
    Lancaster
    State
    Nebraska
    Longitude
    -96.6448
    Latitude
    40.7909
    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
    $0.00
    $284,500
    $2,058,800
    $2,343,300
    -
    $284,500
    $2,058,800
    $2,343,300

    Comparable in this City

    • Value Estimation
      $1,870,000
      18,336 SF

      1530 70th St

      OFFICE (GENERAL) • 18,336 SF
      1530 70th St, Lincoln, NE 68506-1567
      View Details
    • Value Estimation by Request
      393,110 SF

      1535 52nd St

      OFFICE (GENERAL) • 393,110 SF
      1535 52nd St, Lincoln, NE 68506-1304
      View Details
    • Value Estimation
      $2,335,000
      16,528 SF

      2600 56th St

      OFFICE (GENERAL) • 16,528 SF
      2600 56th St, Lincoln, NE 68506-3742
      View Details
    • Value Estimation
      $1,600,000
      10,770 SF

      3910 Ss St

      OFFICE (GENERAL) • 10,770 SF
      3910 Ss St, Lincoln, NE 68506-5220
      View Details
    • Value Estimation
      $850,000
      7,101 SF

      3606 48th St

      OFFICE (GENERAL) • 7,101 SF
      3606 48th St, Lincoln, NE 68506-4340
      View Details
    • Value Estimation by Request
      13,560 SF

      2855 70th St

      OFFICE (GENERAL) • 13,560 SF
      2855 70th St, Lincoln, NE 68506-3700
      View Details

    Similar Nearby for Sale

    • $1,495,000
      9,869 SF

      Lincoln Office Building - $1.5M

      Prime Lincoln Office, 9,869 SF, Multi-Tenant
      3883 Normal Blvd, Lincoln, NE 68506
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    • $400,000

      Lincoln Commercial Land Redevelopment

      Prime Lincoln lots, redevelopment potential.
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    • $275,000
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      Leased Mixed-Use Building For Sale

      Fully leased mixed-use building with retail and residential units.
      1523 N Cotner Blvd, Lincoln, NE 68506
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    • $272,000
      2,910 SF

      Lincoln Storefront: Value-Add Opportunity

      Vacant retail space, high visibility, 2,910 SF.
      3859 South St, Lincoln, NE 68506
      View Details
    • $272,000

      Street Retail Property For Sale

      Street retail property with dual storefronts and finished second story.
      3859 South St, Lincoln, NE 68506
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr
      9 SF

      South Lincoln Office Space Available

      Centrally located office space with high visibility and easy access.
      3883 Normal Blvd, Lincoln, NE 68506
      View Details
    • $310 /Mo
      239 SF

      Office Space Available For Rent

      Office space available for lease, approximately 239 square feet.
      1540 S 70Th St, Lincoln, NE 68506
      View Details
    • $16 SF/Yr
      1,786 SF

      Move-in Ready Private Office Space

      Move-in ready office spaces with flexible layouts for small users.
      3883 Normal Blvd, Lincoln, NE 68506
      View Details
    • $11 SF/Yr
      17,064 SF

      Lincolnshire Square Office Space

      Lincoln Office Park: Flexible Suites Available
      7131 A St, Lincoln, NE 68506
      View Details
    • $21 SF/Yr
      4,207 SF

      Lincoln Retail Space - Rockledge Square

      High-traffic retail space, Lincoln, NE.
      2901 84Th St, Lincoln, NE 68506
      View Details
    • $15 SF/Yr
      1,375 SF

      Office Space Available For Rent

      Office space available for lease, 1375 square feet.
      1610 S 70Th St, Lincoln, NE 68506
      View Details
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    2121 56th St
    Lincoln, NE 68506-2111
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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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