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    Property profile & analytics

    3940 Cornhusker Hwy Lincoln, NE 68504-1509

    • Office Properties & Spaces
    • 12,211 SF
    • 1.15 lot acres
    OFF-MARKET
    Value Estimation
    $445,000
    Location Intelligence
    Property ID
    US57-0202551
    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.

    Current Use by Public Records

    • Liza Prusa / Occupational Therapist
    • Zerona Weight Loss - Lincoln Nebraska / Medical Spa / Wellness Center
    • Mello CBD Oil / Vitamin & Supplements Store
    • Heuer Marissa, APRN, BC / Mental Health Service
    • Cornerstone Caregiving / Home Health Care Service / Home Help

    Property Details for 3940 Cornhusker Hwy

    Year built
    1978
    Lot size
    1.15 lot acres
    Property size
    12,211 SF
    Zone code
    H3
    Property type
    Office Properties & Spaces
    APN
    17-07-411-006-000
    APU
    1707411006000

    Description

    This single-story, 12,211 square foot Class B medical office building is located at 3940 Cornhusker Highway in Lincoln, Nebraska, Lancaster County, zip code 68504. Built in 1978, the property sits on a 50,171 square foot lot and offers convenient access to Interstate 80 and the University of Nebraska-Lincoln's East Campus. Currently, there is 5,858 square feet of vacant space available, divisible into units ranging from 1,513 to 4,345 contiguous square feet. The building features multiple entrances for each suite, providing convenient access for patients and staff. Ample on-site parking is available. The property is well-suited for a variety of medical practices seeking a prominent location with excellent accessibility and visibility. This is a single building with no elevators. The property is ideal for businesses needing convenient access to major transportation routes and ample parking. The multiple entry points enhance accessibility and convenience.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $430,000

    • CAP approach

      CAP return
      Estimation
      6%
      $520,000
      6.5%
      $540,000
      7%
      $550,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $530,000
      Geo Method
      $510,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $405,000
      Retail
      $450,000
      Mixed-Use
      $510,000
      Hospitality
      $480,000
      Educational
      $440,000
      Residential Income
      $465,000
      Energy
      $410,000
      Income-Based Land
      $425,000
      Food Service
      $530,000

    Location Insight

    • Map
    • Local Demand
    City
    Lincoln
    County
    Lancaster
    State
    Nebraska
    Longitude
    -96.6632
    Latitude
    40.847
    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
    $15,314
    $363,700
    $493,100
    $856,800
    -
    $363,700
    $493,100
    $856,800

    Comparable in this City

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      3211 Salt Crk Cir, Lincoln, NE 68504-4761
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      3255 Salt Crk Cir

      OFFICE (GENERAL) • 13,574 SF
      3255 Salt Crk Cir, Lincoln, NE 68504-4778
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    • Value Estimation by Request
      17,320 SF

      701 48th St

      OFFICE (GENERAL) • 17,320 SF
      701 48th St, Lincoln, NE 68504-3408
      View Details
    • Value Estimation
      $1,175,000
      4,064 SF

      2305 48th St

      OFFICE (GENERAL) • 4,064 SF
      2305 48th St, Lincoln, NE 68504
      View Details

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    Lincoln, NE 68504-1509
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    Realmo Value Estimation

    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.

    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.

    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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