Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3940 Cornhusker Hwy Lincoln, NE 68504-1509

    • Office Properties & Spaces
    • 12,211 SF
    • 1.15 lot acres
    OFF-MARKET
    Value Estimations
    $1,165,000
    Show details
    Cap Rate Potential
    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 / Weight Loss Service / Health Spa
    • 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 Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,150,000
      Market price range: $962k - $1.98M
      AI Estimate
      $789,000
      Market price range: $482k - $1.46M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,395,000
      Current use

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

    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

    • Value Estimation
      $570,000
      3,972 SF

      325 52nd St

      OFFICE (GENERAL) • 3,972 SF
      325 52nd St, Lincoln, NE 68504-3507
      View Details
    • Value Estimation
      $825,000
      4,234 SF

      200 56th St

      OFFICE (GENERAL) • 4,234 SF
      200 56th St, Lincoln, NE 68504
      View Details
    • Value Estimation by Request
      3,426 SF

      5070 32nd St

      OFFICE (GENERAL) • 3,426 SF
      5070 32nd St, Lincoln, NE 68504-1095
      View Details
    • Value Estimation by Request
      2,301 SF

      620 48th St Ste, Unit 102

      OFFICE (GENERAL) • 2,301 SF
      620 48th St Ste, Lincoln, NE 68504-3406
      View Details
    • Value Estimation by Request
      3,084 SF

      3252 Salt Crk Cir

      OFFICE (GENERAL) • 3,084 SF
      3252 Salt Crk Cir, Lincoln, NE 68504-4761
      View Details
    • Value Estimation
      $765,000
      5,489 SF

      2703 Folkways Blvd

      OFFICE (GENERAL) • 5,489 SF
      2703 Folkways Blvd, Lincoln, NE 68504-1170
      View Details

    Similar Nearby for Sale

    • $595,000
      16,000 SF

      Lincoln Commercial Land Investment

      16,000 SF Buildable, I-3 Zoning
      3300 Ox Box Cir, Lincoln, NE 68504
      View Details
    • $975,000
      5,388 SF

      Lincoln Office Building Investment

      Prime Lincoln Office, Net Lease
      5790 33Rd St, Lincoln, NE 68504
      View Details
    • $2,500,000
      19,518 SF

      North Lincoln Premier Office Property

      Premier office property in thriving location with established tenants.
      3270 Folkways Blvd, Lincoln, NE 68504
      View Details
    • $283,500
      2,100 SF

      New Flex Building Condo Unit

      Condo unit in newly constructed flex building with tenant in place.
      4040 N 48Th St, Lincoln, NE 68504
      View Details
    • $975,000
      5,388 SF

      Free-Standing Office Building Opportunity

      Newer office building with build-out potential near North Star.
      5790 N 33Rd St, Lincoln, NE 68504
      View Details
    • $1,195,000
      10,100 SF

      Renovated Warehouse Near Highway 77

      10,100 SF renovated warehouse with office space and solar array.
      4645 Hartley St, Lincoln, NE 68504
      View Details

    Similar Nearby for Lease

    • $8 SF/Yr
      39,516 SF

      Lincoln Office Building: Prime Location

      Spacious Suites, Abundant Parking, High Visibility
      100 56Th St, Lincoln, NE 68504
      View Details
    • $12 SF/Yr
      19,102 SF

      Lincoln Office Space for Lease

      Prime Lincoln office suites, flexible layouts.
      3939 48Th St, Lincoln, NE 68504
      View Details
    • $11 SF/Yr
      1,560 SF

      Visible Retail/Office Space Available

      Highly visible retail/office space with flexible options and competitive pricing.
      3255 Cornhusker Hwy, Lincoln, NE 68504
      View Details
    • $5,000 /Mo
      3,000 SF

      Spacious Office Space Available

      Large office space with south location and easy access.
      5955 S 56Th St, Lincoln, NE 68504
      View Details
    • $11 SF/Yr
      38,770 SF

      Town & Country Plaza: Lincoln Retail Space

      Prime Lincoln retail/office space; multiple suites available.
      3255 Cornhusker Hwy, Lincoln, NE 68504
      View Details
    • $6 SF/Yr
      3,000 SF

      Industrial Warehouse Space with Office

      Warehouse space featuring truck doors, semi-dock, and office area.
      5120 Douglas Dr, Lincoln, NE 68504
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3940 Cornhusker Hwy
    Lincoln, NE 68504-1509
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.