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    600 S 70Th St Lincoln, NE 68510

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    600 S 70Th St Lincoln, NE 68510

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    • Commercial land
    For Lease
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    Office Pad Sites For Lease For Lease
    Contact for pricing
    20,000 SF

    Office Pad Sites For Lease

    Two pad sites available for office build-to-suit on VA campus.

    600 S 70th St, Lincoln, NE 68510
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    Property ID
    US57-1008632
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Ward Jr Milton L / Church
    • Dr. David L. Arunski, MD / Physician
    • Alice L. Baden, MA / Physician
    • Bessie Buryanek / Physician
    • Brook Lichtenberg / Physician

    Property Details for 600 S 70Th St

    Property type
    Commercial land
    Property subtype
    Office properties & Spaces

    Description

    Two pad sites are available on the VA campus with direct frontage on 70th Street. There are multiple configurations available for an office build-to-suit that range from 5,000-20,000 SF. The site is zoned O-3 which permits a variety of office and limited retail uses. This office park is located in the Victory Park development within includes the new VA clinic and 300 rental units for veterans.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Lincoln
    County
    Lancaster
    State
    Nebraska
    Longitude
    -96.6216283
    Latitude
    40.8078758

    Comparable in this City

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      Class A Office Space Available

      Class A office building with ample parking and storage.
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      Industrial Space East of Downtown

      Retail or office space with industrial character near downtown.
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      Class A Office Space Available

      Class A office building with ample parking and storage.
      1001 S 70Th St, Lincoln, NE 68510
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      Telegraph District Mixed-Use Space

      Corner location suitable for retail, restaurant, or office use.
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      O Street Pad Site Available

      0.86-acre pad site on O Street, high visibility.
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      Prime Pad Site Opportunity

      0.25-acre commercial land parcel in a growing trade area.
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      8.8 Acres of Commercial Land

      8.8 acres of commercial land for sale in Lincoln, Nebraska.
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      40,000 SF

      Mixed-Use Redevelopment Opportunity

      5.11-acre mixed-use redevelopment site near 27th & Nebraska Parkway.
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      2,600 SF

      Office Building with Income Potential

      Well-maintained office building with tenant in place and upside.
      127 S 37Th St, Lincoln, NE 68510
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    Similar Nearby for Lease

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      Mixed-Use Telegraph District Redevelopment

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      Corner Lot Near Hospitals

      Commercial lot near CHI Health and Lincoln Veterans Hospital.
      6940 L St, Lincoln, NE 68510
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      Revitalized Commercial Space in Lincoln

      Dynamic urban district offering office and retail spaces for lease.
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      New Office Space Available Soon

      Second floor office space in developing area, near amenities.
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      Finished Space in Mixed-Use Development

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      Class A Office Space Available

      Class A office building with ample parking and storage.
      1001 S 70Th St, Lincoln, NE 68510
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    View Listing
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    600 S 70Th St
    Lincoln, NE 68510
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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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