Technical
Financial
Distress signals
Property profile

620 48th St Ste 101 Lincoln, NE 68504

OFF-MARKET
Office Spaces
Property ID
US57-0205695
2,739 SF 0.01 ac lot Built 1960
Entity Owned 15-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

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

Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1960
Total area 2,739 SF
Lot 0.01 ac (339 SF)
Zoning code B2
APN 17-20-400-008-001
UPID US57-0205695

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Crisis Center Medical Clinic
  • Construction Company
  • Counselor Mental Health Service
  • Counselor Doctor
  • Vocational School Training Center

Location

620 48th St Ste, Unit 101 Lincoln, NE 68504-3406
Lincoln metro Census 1002 LINCOLN, NE METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$285k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$285k

Owner & transaction history

since 2011
2 recorded transactions
2011
Price N/A
2010
Price N/A

Zoning & alternative use

B2 · Lincoln, NE

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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