401 N Lincoln Ave York, NE 68467
Property profile & analytics
401 N Lincoln Ave York, NE 68467
- Office buildings
- 6,020 SF
- 0.25 lot acres
Property ID
US57-0300931
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.
Location Intelligence
Current Use by Public Records
- Southeast Community College - Learning Center at York / College
Property Details for 401 N Lincoln Ave
- Year built
- 1983
- Lot size
- 0.25 lot acres
- Property size
- 6,020 SF
- Zone code
- COMMERCIAL
- Property type
- Office buildings
- APN
- 930011376
- APU
- 930011376
Description
This exceptional investment opportunity presents a fully leased, mixed-use property located at 401 N Lincoln Ave, York, NE 68467. The property consists of two buildings totaling 6,932 net rentable square feet situated on a 10,800 square foot lot. Built in 1983 and extensively renovated in 2021 and 2022, the property boasts a strong tenant roster, including Southeast Community College's Nursing Program (east building, fully renovated in 2022) and Little Jumpers Daycare (new roof, windows, and interior remodel in 2021). The property operates under a triple-net (NNN) lease structure, with tenants responsible for their own utilities. The landlord covers the water bill, prorating costs to tenants. Common area maintenance (CAM) costs are also passed through to tenants via monthly fees. The property features a 7.50% cap rate and a strong net operating income (NOI) of $74,500, with an asking price of $1,100,000 ($158.68/sq ft). The property is zoned for commercial use and offers a compelling investment opportunity with 100% occupancy across its two units. This is a rare chance to acquire a stable, high-performing asset in a thriving downtown location. The property's strong tenant base and recent renovations ensure a secure and profitable investment.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $670,000
- ML approach
- $725,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $708,000
Market price range: $308k - $708k -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $500,000 Current use
- COMMERCIAL (GENERAL)
- $585,000 Change: +17% Conversion: Easy
- INDUSTRIAL (GENERAL)
- $445,000 Change: -11% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- York
- County
- York
- State
- Nebraska
- Longitude
- -97.5934
- Latitude
- 40.8651
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
2023
$11,296
$24,300
$611,186
$635,486
-
$24,300
$611,186
$635,486
