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    2840 70th St Lincoln, NE 68506-3662
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    Property profile & analytics

    2840 70th St Lincoln, NE 68506-3662

    View on Map
    • Retail space
    • 58,850 SF
    • 6.96 lot acres
    Off-Market
    Property ID
    US57-0135536
    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.
    Value Estimations
    $6,130,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Dollar Tree / Grocery & Convenience Store / Food Market
    • Lincoln Custom Home Builders / Construction Company / General Contractor
    • Onsite Discovery / Industrial Consultant
    • The Meadows Shopping Center / Shopping Center & Mall
    • ATM / Atm

    Property Details for 2840 70th St

    Year built
    1987
    Lot size
    6.96 lot acres
    Property size
    58,850 SF
    Zone code
    B2
    Property type
    Retail space
    APN
    16-03-100-009-000
    APU
    1603100009000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Lincoln
    County
    Lancaster
    State
    Nebraska
    Longitude
    -96.6239
    Latitude
    40.7832
    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
    $107,088
    $2,427,200
    $3,564,400
    $5,991,600
    -
    $2,427,200
    $3,564,400
    $5,991,600

    Comparable in this City

    • Value Estimation
      $1,395,000
      8,410 SF

      7701 Pioneers Blvd

      RETAIL STORES (PERSONAL SERVICES) • 8,410 SF
      7701 Pioneers Blvd, Lincoln, NE 68506-4601
      View Details
    • Value Estimation
      $1,330,000
      8,445 SF

      4211 33rd St

      RETAIL STORES (PERSONAL SERVICES) • 8,445 SF
      4211 33rd St, Lincoln, NE 68506-4806
      View Details
    • Value Estimation
      $1,525,000
      10,143 SF

      2655 70th St

      RETAIL STORES (PERSONAL SERVICES) • 10,143 SF
      2655 70th St, Lincoln, NE 68506-2908
      View Details
    • Value Estimation by Request
      1,280 SF

      4717 Lowell Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,280 SF
      4717 Lowell Ave, Lincoln, NE 68506-5401
      View Details
    • Value Estimation by Request
      3,000 SF

      4715 Normal Blvd

      RETAIL STORES (PERSONAL SERVICES) • 3,000 SF
      4715 Normal Blvd, Lincoln, NE 68506-5563
      View Details
    • Value Estimation by Request
      2,389 SF

      3865 Ss St

      RETAIL STORES (PERSONAL SERVICES) • 2,389 SF
      3865 Ss St, Lincoln, NE 68506-5238
      View Details

    Similar Nearby for Sale

    • Contact for pricing

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      Leased Mixed-Use Building For Sale

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      Centrally Located Redevelopment Land

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      9,869 SF

      Centrally Located Office Building

      Office building for sale with value-add potential and parking.
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    Similar Nearby for Lease

    • Contact for pricing

      Retail Space For Lease

      Retail space available for lease in Lincoln, Nebraska.
      2600 S 48Th St, Lincoln, NE 68506
      View Details
    • Contact for pricing

      Office, Retail, and Fitness Space

      Office, retail, esthetician, and fitness spaces available for rent.
      4747 Pioneers Blvd, Lincoln, NE 68506
      View Details
    • $20 SF/Yr

      Retail Space in College View

      New 1,000 SF retail space in a busy location.
      3811 South 48Th St, Lincoln, NE 68506
      View Details
    • Contact for pricing

      Retail Spaces Available For Rent

      Retail spaces ranging from 1,331 to 6,947 SqFt available.
      2901 S 84Th St, Lincoln, NE 68506
      View Details
    • Contact for pricing

      Freestanding Commercial Building For Lease

      2,212 SF commercial building on 0.79 acres in Lincoln.
      3939 Normal Blvd, Lincoln, NE 68506
      View Details
    • Contact for pricing

      Small Office in College View

      Small office space available for rent in College View area.
      3534 S 48Th St, Lincoln, NE 68506
      View Details

    Property Visit Statistics

    • Visits by month
      23.7k
    • Visitors by month
      16.2k
    • Avg Time on site
      16 min
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    Lincoln, NE 68506-3662
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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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