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Property profile & analytics
OFF-MARKET Estimated value $15,595,000
Retail space

3400 85th St Lincoln, NE 68507-9457

172,392 SF 16.87 ac lot Built 2007
Entity Owned 17-yr Hold Free & Clear
Property ID
US57-0191930
Property summary
AI-generated overview

This exceptional 2.58-acre commercial land parcel presents a unique investment opportunity in Northeast Lincoln, Nebraska. Strategically located at 3400 N 85th St, zip code 68507, this property boasts a prime B-2 zoning designation, opening doors to a variety of commercial uses. The site's significant advantage lies in its position as a Walmart outlot, ensuring high visibility and substantial foot traffic from the adjacent Walmart Supercenter. Potential uses include retail establishments and restaurants, with the possibility of drive-thru facilities. The property's location within a rapidly expanding area of Northeast Lincoln further enhances its appeal. Its proximity to the Sandhills Global Event Center adds to its strategic value, providing access to a large and diverse customer base. Furthermore, the land is adjacent to existing and planned multifamily developments, creating a synergistic environment and ensuring a strong potential for future growth and increased property value. This exceptional location offers unparalleled exposure and access to a thriving community. The 2.58 acres provide ample space for development, making it an ideal opportunity for investors seeking a high-impact commercial investment in a rapidly growing area. Lancaster County's robust economy and the area's consistent population growth make this a compelling investment prospect.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2007
Total area 172,392 SF
Lot 16.87 ac (734,901 SF)
Zoning code B2
APN 17-11-302-001-000
UPID US57-0191930
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
  • Walmart Home Services Social Service Agency
  • US Bank Mortgage Loan Service Bank
  • ecoATM Electronics Vending Machine
  • Walmart Tech Services Tech Support Center (Bike/Boat/Book/etc) Store
  • Walmart Patio & Garden Services Landscaping General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$20.26M
Blend (final) Blend
$15.60M
Owner & transaction history
WAL-MART REAL EST BUSINESS TRUST
WAL-MART REAL EST BUSINESS TRUST
Zoning & alternative use
B2 · Lincoln, NE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source Document Viewer | Municipal Code
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