5034 Old Cheney Rd Lincoln, NE 68516
Property profile & analytics
5034 Old Cheney Rd Lincoln, NE 68516
- Retail space
- 2,888 SF
- 0.69 lot acres
Property ID
US57-0124021
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
- AutoHouse / Car Dealership
- Cloud 9 Smoke and Vape Co. / (Bike/Boat/Book/etc) Store
- CoinFlip Bitcoin ATM / Bank / Business Banking Service
Property Details for 5034 Old Cheney Rd
- Year built
- 1970
- Lot size
- 0.69 lot acres
- Property size
- 2,888 SF
- Zone code
- I1
- Property type
- Retail space
- APN
- 16-08-412-007-000
- APU
- 1608412007000
Description
Exceptional investment opportunity in South Lincoln, Nebraska, featuring a prominent 30,046 square foot flex space property situated on a 0.69-acre lot at 5034 Old Cheney Rd, zip code 68516. This mixed-use property boasts three buildings, offering a blend of retail and industrial space. The main building, ideal for office or retail use, comprises nearly 3,000 square feet, featuring two large showroom areas, a restroom, and washer/dryer hookups. High visibility is ensured by prominent signage on Old Cheney Road. Two additional metal buildings, totaling 5,560 square feet, provide ample industrial space. The middle building includes 3,000 square feet with an overhead door, heating, air conditioning, and built-out office space with two restrooms. The third building offers 2,560 square feet and three overhead doors. Both industrial buildings are fully fenced for enhanced security. The entire property features a concrete lot providing ample parking and storage. The property is zoned I-1 and offers a 6.30% cap rate with an asking price of $1,200,000 ($39.94/sq ft). Two loading docks are available. The property is currently vacant.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $865,000
- ML approach
- $845,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $565,000
- 6.5%
- $525,000
- 7%
- $485,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $851,000
Market price range: $303k - $904k
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Lincoln
- County
- Lancaster
- State
- Nebraska
- Longitude
- -96.6501
- Latitude
- 40.7557
- 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
$12,170
$270,400
$410,500
$680,900
-
$270,400
$410,500
$680,900
