Property summary
This exceptional three-story office building, located at 620 North 48th Street in Lincoln, Nebraska, presents a compelling investment opportunity. Priced at $2,200,000, the property boasts a substantial 36,742 square feet of leasable space, perfectly suited for a variety of professional and non-profit office users. The building's B-2 zoning, within the Planned Neighborhood Business District, allows for a range of commercial uses. Its strategic location in the 48th & O Street trade area offers unparalleled convenience, with close proximity to the Centro Plaza shopping center, numerous restaurants and retailers, and easy access to both downtown Lincoln (under 10 minutes) and Gateway Mall (under 5 minutes). The property features a shared parking arrangement with the adjacent shopping center, ensuring ample parking for tenants and visitors. An attractive interior courtyard enhances the building's appeal by providing abundant natural light. The current tenant mix offers a solid foundation, with significant upside potential for increased occupancy and rental income. This well-positioned asset represents a rare opportunity to acquire a substantial office building in a thriving Lincoln neighborhood. The property's central location, ample parking, and attractive features make it an ideal investment for discerning buyers seeking strong returns in a desirable market.
Property profile
VerifiedCap rate & NOI
Current use
-
Crisis Center Medical Clinic
-
Construction Company
-
Counselor Mental Health Service
-
Counselor Doctor
-
Vocational School Training Center
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
B2 · Lincoln, NEZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for B2 in Lincoln, NE.
Registration is required before the official district profile is shown.
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Ownership
- Location Insight
- Alternative use
- Local Zoning Insight
Cancel anytime.
- 30 reports a month
- Location Analytics
- Market Trends
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Ownership
- Location Insight
- Alternative use
- Local Zoning Insight
Cancel anytime.
- 300 reports a month
- Location Analytics
- Market Trends
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Ownership
- Location Insight
- Alternative use
- Local Zoning Insight
and get 1 Light Report
- Property Information
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Potential
- Location Insight
- Alternative use
- Local Zoning Insight