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Property profile & analytics
OFF-MARKET
Office Spaces
2855 70th St Lincoln, NE 68506-3700
Entity Owned
6-yr Hold
Free & Clear
Property ID
US57-0173634
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1990
Total area
13,560 SF
Lot
0.72 ac (31,381 SF)
Zoning code
O2
APN
16-04-200-008-000
UPID
US57-0173634
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Barney Insurance Insurance Agency
-
Nebraska Institute of Wellness Wellness Program
-
Metabolic Research Center | Lincoln Weight Loss Service Medical Spa
-
Jason Opp - Realtor Real Estate Agency
-
Rachel Mongeon Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Watson Family LLC · 6 yrs held
Watson Family LLC
since 2020
Last sale
$400,000
5 recorded transactions
Zoning & alternative use
O2 · Lincoln, NE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Lincoln submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lincoln submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$32,650
Tax year 2024
Assessed value
$1,826,800
Assessed 2024
Previous assessed
$1,712,700
+6.7% YoY
Effective rate
1.79%
On assessed value
Assessed land
$251,100
Assessed improvement
$1,575,700
Land market value
$251,100
Improvement market value
$1,575,700
Total market value
$1,826,800
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1990
Heating
FORCED AIR
Cooling
YES
Units
1
Total area
13,560 SF
Lot
0.72 ac (31,381 SF)
Zoning code
O2
APN
16-04-200-008-000
UPID
US57-0173634
Jurisdiction
LANCASTER
Zoning & alternative use
O2 · Lincoln, NEZoning O2 · permitted uses
O2 · Lincoln, NE
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1990
Heating
FORCED AIR
Cooling
Yes
Units
1
Lot
0.72 ac
Current owner
From public records · entity-resolved
Watson Family LLC
Entity
Free & Clear · 6 yrs held
Mailing address
2855 S 70TH ST STE #200, LINCOLN, NE 68506-3700
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 29, 2020
—
Watson Family LLC
—
Deed
related
$426,000 · Midwest Bank
Jun 26, 2020
$400,000
Watson Family LLC
David J Kats
Warranty Deed
—
Jun 26, 2020
$100,000
Arw Properties LLC
Douglas V Broek
Warranty Deed
—
Nov 13, 2019
—
Douglas V Broek
Holmes Lk Prof Ctr LLC
Quit Claim Deed
related
—
—
—
Lake Professional Cente Holmes
—
Deed Of Trust
related
$170,000 · Security First Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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