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Property profile & analytics

621 48th St Lincoln, NE 68504-3442

  • Retail space
  • 9,475 SF
  • 1.40 lot acres
OFF-MARKET
Value Estimations
$570,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US57-1018921
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.

Current Use by Public Records

  • MotorFood / Restaurant
  • SalonCentric / Beauty Supply Store

Property Details for 621 48th St

Year built
1967
Lot size
1.40 lot acres
Property size
9,475 SF
Zone code
B1
Property type
Retail space
APN
17-20-323-002-000
APU
1720323002000

Description

This exceptional retail opportunity is located at 621 North 48th Street in Lincoln, Nebraska, within the highly desirable 48th & Vine area. The property, built in 1967, boasts a total of 9,475 square feet situated on a 1.4-acre lot. The zoning is B1, allowing for a variety of commercial uses. Currently, two spaces are available for lease, one measuring approximately 1,100 square feet and the other approximately 1,362 square feet, ideal for a variety of retail or restaurant concepts. The property is a multi-tenant strip center, offering excellent visibility and accessibility. Strong existing tenants include Salon Centric, Papa John's Pizza, Goodwill, Ace Hardware, and the recently announced VASA Fitness, creating a vibrant and thriving retail environment. This location benefits from high traffic counts and proximity to other businesses and retailers, ensuring significant foot traffic and exposure for prospective tenants. The property is move-in ready, presenting an immediate opportunity to establish a presence in a prime Lincoln location. Lancaster County location and 68504 zip code offer easy access to major transportation routes and a dense residential population. This is a rare opportunity to secure retail space in a high-demand area with established anchors and significant growth potential.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    ML approach
    $440,000
  • Comparable approach

    Method
    Estimation
    AI Estimate
    $696,000
    Market price range: $408k - $1.55M

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


Location Insight

  • Map
  • Local Demand
City
Lincoln
County
Lancaster
State
Nebraska
Longitude
-96.6547
Latitude
40.8194
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
$18,382
$884,600
$143,900
$1,028,500
-
$884,600
$143,900
$1,028,500
More about this property
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