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    3939 N 48Th St Lincoln, NE 68504
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    Property profile & analytics

    3939 N 48Th St, Lincoln, NE 68504

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    • Retail space
    • 19,102 SF
    • 1.01 lot acres
    For Lease
    $12 SF/Yr
    View Listing →
    Well-Maintained Office Space Available For Lease
    $12 SF/Yr

    Well-Maintained Office Space Available

    Professional office space for lease with ample shared parking.

    3939 N 48th St, Lincoln, NE 68504
    View Listing
    Property ID
    US57-0197309
    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
    $1,250,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • LASR Team LLC / Shooting Range / Software Company
    • Shin Koo Hapkido and Self Defense / Training Center / Sports School
    • Muddy Mutts Grooming / Pet Grooming Service
    • Johnson Hardware Co. / Building Supply / Hardware & Home Improvement
    • Mad House Beauty / Spa & Massage Center / Skin Care Clinic

    Property Details for 3939 N 48Th St

    Year built
    1977
    Lot size
    1.01 lot acres
    Zone code
    I1
    Property type
    Retail space
    APN
    17-08-115-018-000
    APU
    1708115018000

    Description

    This Lincoln, Nebraska office property, located at 3939 N 48th Street, Suite 202, offers flexible space options in a well-maintained building. The property features a total of 19,102 square feet across one, two-story building, constructed in 1977 and renovated in 2005. The space is classified as Class C and is zoned I1. Individual suites range from 246 to 1,252 contiguous square feet, with a minimum divisible space of 333 square feet

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,250,000
      ML approach
      $1,250,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $823,000
      Market price range: $823k - $3.13M

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

    Location Insight

    • Map
    • Local Demand
    City
    Lincoln
    County
    Lancaster
    State
    Nebraska
    Longitude
    -96.6541
    Latitude
    40.8527
    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
    $20,625
    $220,000
    $934,000
    $1,154,000
    -
    $220,000
    $934,000
    $1,154,000

    Comparable in this City

    • Value Estimation
      $5,225,000
      58,441 SF

      233 48th St

      RETAIL STORES (PERSONAL SERVICES)
      233 48th St, Lincoln, NE 68504-3598
      View Details
    • Value Estimation
      $15,355,000
      84,594 SF

      400 48th St

      RETAIL STORES (PERSONAL SERVICES)
      400 48th St, Lincoln, NE 68504-3419
      View Details
    • Value Estimation by Request
      2,880 SF

      3810 Cornhusker Hwy

      RETAIL STORES (PERSONAL SERVICES)
      3810 Cornhusker Hwy, Lincoln, NE 68504-1533
      View Details
    • Value Estimation
      $1,345,000
      3,111 SF

      2740 Superior St

      RETAIL STORES (PERSONAL SERVICES)
      2740 Superior St, Lincoln, NE 68504-1109
      View Details
    • Value Estimation by Request
      2,520 SF

      2324 48th St

      RETAIL STORES (PERSONAL SERVICES)
      2324 48th St, Lincoln, NE 68504-3625
      View Details
    • Value Estimation
      $590,000
      4,866 SF

      1350 48th St

      RETAIL STORES (PERSONAL SERVICES)
      1350 48th St, Lincoln, NE 68504-3194
      View Details

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      New Flex Building Condo Unit

      Condo unit in newly constructed flex building with tenant in place.
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      Lincoln Self-Storage Facility for Sale

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    Similar Nearby for Lease

    • $22 SF/Yr
      2,616 SF

      Retail Space on Cornhusker Highway

      Retail space available for lease on Cornhusker Highway.
      2712 Cornhusker Hwy, Lincoln, NE 68504
      View Details
    • $18 SF/Yr
      5,300 SF

      Prime Retail and Restaurant Space

      New development catering to students, tenants, and local residents.
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    • Contact for pricing
      66,228 SF

      Prime Retail Space Available

      High-visibility retail space with extensive frontage on a busy highway.
      3300 North 27Th St, Lincoln, NE 68504
      View Details
    • Contact for pricing
      3,171 SF

      Retail/Medical Space on 48th Street

      High-visibility retail or medical space with ample parking.
      1400 N 48Th St, Lincoln, NE 68504
      View Details
    • Contact for pricing
      750 SF

      Retail Space Available For Rent

      750 SF retail space for rent in Lincoln, Nebraska.
      2301 N 48Th St, Lincoln, NE 68504
      View Details
    • Contact for pricing

      Retail/Office Space with Highway Frontage

      Retail or office space with high visibility and easy access.
      3255 Cornhusker Hwy, Lincoln, NE 68504
      View Details
    View Listing
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    Lincoln, NE 68504
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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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