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    5641 56th St Lincoln, NE 68516-1485
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    5641 56th St Lincoln, NE 68516-1485

    View on Map
    • Retail space
    • 3,858 SF
    • 0.45 lot acres
    Off-Market
    Property ID
    US57-0097708
    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
    $640,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Taco John's / Restaurant / Take-out & Catering

    Property Details for 5641 56th St

    Year built
    1987
    Lot size
    0.45 lot acres
    Property size
    3,858 SF
    Zone code
    B1
    Property type
    Retail space
    APN
    16-08-410-013-000
    APU
    1608410013000

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $760,000
      6.5%
      $700,000
      7%
      $650,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Lincoln
    County
    Lancaster
    State
    Nebraska
    Longitude
    -96.6449
    Latitude
    40.7574
    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
    $17,728
    $210,700
    $781,200
    $991,900
    -
    $210,700
    $781,200
    $991,900

    Comparable in this City

    • Value Estimation
      $4,210,000
      49,520 SF

      5500 Old Cheney Rd

      RETAIL STORES (PERSONAL SERVICES) • 49,520 SF
      5500 Old Cheney Rd, Lincoln, NE 68516-3251
      View Details
    • Value Estimation
      $8,080,000
      99,059 SF

      2900 Pne Lk Rd

      RETAIL STORES (PERSONAL SERVICES) • 99,059 SF
      2900 Pne Lk Rd, Lincoln, NE 68516-6013
      View Details
    • Value Estimation
      $4,135,000
      46,080 SF

      2933 Cres Dr

      RETAIL STORES (PERSONAL SERVICES) • 46,080 SF
      2933 Cres Dr, Lincoln, NE 68516-1062
      View Details
    • Value Estimation
      $1,220,000
      12,600 SF

      6101 56th St

      RETAIL STORES (PERSONAL SERVICES) • 12,600 SF
      6101 56th St, Lincoln, NE 68516-3392
      View Details
    • Value Estimation
      $2,355,000
      19,181 SF

      8600 30th St

      RETAIL STORES (PERSONAL SERVICES) • 19,181 SF
      8600 30th St, Lincoln, NE 68516-5197
      View Details
    • Value Estimation
      $4,455,000
      48,907 SF

      8350 40th St

      RETAIL STORES (PERSONAL SERVICES) • 48,907 SF
      8350 40th St, Lincoln, NE 68516-3064
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      30,046 SF

      Fully Leased Commercial Property

      High-visibility, fully leased mixed-use property with three buildings.
      5034 Old Cheney Rd, Lincoln, NE 68516
      View Details
    • $84,750
      0.19 Acres

      Residential Lot in Lincoln, NE

      Residential lot for sale in a premier development.
      7520 Jimmie Ave, Lincoln, NE 68516
      View Details
    • Contact for pricing
      2,375 SF

      Office Space in Lincoln Trade Center

      Office space with private offices and open workspace in Lincoln.
      6221 58th Lincoln St, Lincoln, NE 68516
      View Details
    • $100,000

      Residential Lot in Grandale Subdivision

      Residential lot available in the growing Grandale subdivision.
      4315 Coral Bell Ct, Lincoln, NE 68516
      View Details
    • $110,000

      Residential Lot in Grandale Subdivision

      Residential lot available in the growing Grandale subdivision.
      9825 S St, Lincoln, NE 68516
      View Details
    • Contact for pricing

      Medical Office Development Opportunity

      5.12 acres for medical office campus in Lincoln, NE.
      6363 S 70Th St, Lincoln, NE 68516
      View Details

    Similar Nearby for Lease

    • $13 SF/Yr
      1,341 SF

      Retail Space in Village Drive

      Retail space available for lease in Lincoln, Nebraska.
      3520 Village Dr, Lincoln, NE 68516
      View Details
    • Contact for pricing
      1,292 SF

      Williamsburg-Style Lifestyle Center For Rent

      Open-air shopping, entertainment, and dining destination with 1,292 SF.
      2820 Pine Lake Rd, Lincoln, NE 68516
      View Details
    • $16 SF/Yr
      1,400 SF

      Restaurant Space with Drive-Thru

      Restaurant space featuring a drive-thru with high traffic volume.
      5310 S 56Th St, Lincoln, NE 68516
      View Details
    • Contact for pricing
      4,530 SF

      Williamsburg-Style Lifestyle Center Space

      Open-air center for shopping, entertainment, and dining.
      2900 Pine Lake Rd, Lincoln, NE 68516
      View Details
    • Contact for pricing
      3,435 SF

      Lifestyle Center Retail Space

      Open-air shopping, entertainment, and dining destination.
      2910 Pine Lake Rd, Lincoln, NE 68516
      View Details
    • Contact for pricing
      9,100 SF

      Land Available For Lease

      Land for lease with 9,100 square feet available.
      3421 Plantation Dr, Lincoln, NE 68516
      View Details

    Property Visit Statistics

    • Visits by month
      14.4k
    • Visitors by month
      8.4k
    • Avg Time on site
      11 min
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    5641 56th St
    Lincoln, NE 68516-1485
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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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