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

    2301 84th St Lincoln, NE 68507-2958

    • Drive through restaurants
    • 2,772 SF
    • 1.25 lot acres
    OFF-MARKET
    Last Sale
    Jun 26, 2020
    $1,200,000
    Value Estimations
    $1,735,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US57-0052961
    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

    • Taco John's / Breakfast Restaurant / Mexican Restaurant

    Property Details for 2301 84th St

    Year built
    2007
    Lot size
    1.25 lot acres
    Property size
    2,772 SF
    Zone code
    B1
    Property type
    Drive through restaurants
    APN
    17-15-217-001-000
    APU
    1715217001000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,735,000
      ML approach
      $1,680,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Lincoln
    County
    Lancaster
    State
    Nebraska
    Longitude
    -96.6066
    Latitude
    40.8356
    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
    $18,218
    $653,200
    $366,100
    $1,019,300
    -
    $653,200
    $366,100
    $1,019,300

    Comparable in this City

    • Value Estimation
      $270,000
      1,917 SF

      6403 Havelock Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,917 SF
      6403 Havelock Ave, Lincoln, NE 68507
      View Details
    • Value Estimation
      $3,275,000
      405 SF

      2790 83rd St

      DRIVE-THRU RESTAURANT, FAST FOOD • 405 SF
      2790 83rd St, Lincoln, NE 68507-3300
      View Details
    • Value Estimation
      $520,000
      3,186 SF

      5940 Havelock Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,186 SF
      5940 Havelock Ave, Lincoln, NE 68507-1121
      View Details
    • Value Estimation
      $430,000
      1,215 SF

      3301 85th St

      CONVENIENCE STORE • 1,215 SF
      3301 85th St, Lincoln, NE 68507-9459
      View Details
    • Value Estimation
      $415,000
      7,360 SF

      3333 85th St

      RETAIL STORES (PERSONAL SERVICES) • 7,360 SF
      3333 85th St, Lincoln, NE 68507-9459
      View Details
    • Value Estimation
      $420,000
      8,111 SF

      2900 70th St

      RETAIL STORES (PERSONAL SERVICES) • 8,111 SF
      2900 70th St, Lincoln, NE 68507-2712
      View Details

    Similar Nearby for Sale

    • $735,000
      6,329 SF

      Retail Property in Northeast Lincoln

      Retail property near North 70th and Adams in Northeast Lincoln.
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    • Contact for pricing
      13 SF

      Prime Development Land For Sale

      Ideal location for restaurants and retailers seeking maximum visibility.
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    • $210,000

      Charming 55+ Ranch Townhome

      Inviting 2-bedroom, 1-bath ranch townhome designed for easy 55+ living.
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    • $3,000,000

      Development-Ready Land Parcel

      29.68-acre parcel between Lincoln and Waverly.
      7201 N 98Th St, Lincoln, NE 68507
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    • Contact for pricing
      0.81 Acres

      Prairie Village Commercial Land Opportunity

      Lincoln, NE: Prime Commercial Land Parcels
      8420 Adams St, Lincoln, NE 68507
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    • $465,000
      1.64 Acres

      Lincoln Industrial Land - $465K

      1.64 Acres, Floodplain Free, Hwy Access
      6200 Fletcher Ave, Lincoln, NE 68507
      View Details

    Similar Nearby for Lease

    • $10 SF/Yr
      6,000 SF

      Retail or Office Space Available

      Flexible retail or office spaces with high visibility and natural light.
      2332 N Cotner Blvd, Lincoln, NE 68507
      View Details
    • $30 SF/Yr
      2,200 SF

      Office Space in Firethorn Center

      Office spaces available for lease in Lincoln's Firethorn Corporate Center.
      2811 S 87Th St, Lincoln, NE 68507
      View Details
    • $9 SF/Yr
      11,400 SF

      Lincoln Warehouse Space Available

      New 2023 warehouse; multiple units
      5327 70Th St, Lincoln, NE 68507
      View Details
    • $15 SF/Yr
      2,291 SF

      Medical Office Space Available

      Medical office space for rent in high-traffic Lincoln area.
      4501 S 70Th St, Lincoln, NE 68507
      View Details
    • $11 SF/Yr
      27 SF

      New Industrial Bays For Lease

      New industrial development featuring seven bays, slated for completion December 2025.
      5700 Cornhusker Hwy, Lincoln, NE 68507
      View Details
    • $7 SF/Yr
      5,800 SF

      Lincoln Industrial Build-to-Suit

      Prime Lincoln location, 5,800 sq ft flex/warehouse.
      5701 57Th St, Lincoln, NE 68507
      View Details

    Property Visit Statistics

    • Visits by month
      13.7k
    • Visitors by month
      8.5k
    • Avg Time on site
      12 min
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    Lincoln, NE 68507-2958
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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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