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Property profile & analytics
FOR LEASE
Industrial properties

340 Victory Ln Lincoln, NE 68528

55,186 SF 29.39 ac lot Built 1988
Entity Owned 26-yr Hold ~ Est. High Equity
Property ID
US57-0232923
Property summary
AI-generated overview

This exceptional Class B office building, located just off West 'O' Street, offers 17,357 square feet of immediately available traditional office space. The property boasts a convenient location providing easy access to downtown Lincoln, a significant advantage for businesses seeking a central yet easily accessible location. The multiple tenancy setup allows for flexibility in lease terms and configurations, making it suitable for a variety of business needs. The building features ample parking, a crucial amenity for employees and clients alike. The zoning designation is I-1, providing a range of potential uses. Elevators are present in the building, ensuring convenient access to all floors. This is an excellent opportunity for businesses seeking a well-located, spacious, and functional office environment in a thriving area of Lincoln, Nebraska. The building's strategic location offers easy ingress and egress to and from the downtown core, minimizing commute times and maximizing efficiency. The substantial square footage available presents a unique opportunity for businesses requiring significant space for operations or expansion. The existing infrastructure and convenient amenities make this property a highly attractive option for companies seeking a productive and comfortable workspace. Interested parties are encouraged to inquire further to explore the possibilities this prime office space offers. The property is situated in Lancaster County.

Property profile
Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1988
Total area 55,186 SF
Lot 29.39 ac (1,280,011 SF)
Zoning code I1
APN 10-22-400-032-000
UPID US57-0232923
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
  • Speedway Properties Real Estate Agency
  • Blue Diamond Classics (Speedway Motors) Production Facility
  • Pro Racers Supply Auto Parts Store
  • Speedway Motors Auto Parts Store
  • B & J Partnership Ltd Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$4.31M
Owner & transaction history
B & J Partnership Ltd · 26 yrs held
B & J Partnership Ltd
since 2000
7 recorded transactions
2023
Price N/A
2022
Price N/A
2007
Price N/A
2000
$7.4M
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
I1 · Lincoln, NE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $6.6M +49.1%
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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