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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6221 58th St Lincoln, NE 68516-3679

    • Office Properties & Spaces
    • 1,800 SF
    • 0.05 lot acres
    OFF-MARKET
    Value Estimations
    $290,000
    Show details
    Cap Rate Potential
    7.7%
    Office Properties & Spaces
    Location Intelligence
    Property ID
    US57-0232029
    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

    • Nebraska Pharmacists Association / Association / Organization
    • Vault Insurance & Risk Management / Insurance Agency / Auto Insurance Agency
    • Kort Insurance Agency / Auto Insurance Agency
    • Evolving Soul Reiki by Allisa / Holistic Medicine Practitioner
    • Norman Law Firm / Legal Services / Personal Injury Attorney

    Property Details for 6221 58th St

    Year built
    1990
    Lot size
    0.05 lot acres
    Property size
    1,800 SF
    Zone code
    H4
    Property type
    Office Properties & Spaces
    APN
    16-16-120-002-000
    APU
    1616120002000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $285,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $365,000
      6.5%
      $335,000
      7%
      $310,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $250,000
      Market price range: $173k - $373k
      AI Estimate
      $178,000
      Market price range: $94.8k - $274k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $275,000
      Current use
      RETAIL STORES
      $380,000
      Change: +40% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Lincoln
    County
    Lancaster
    State
    Nebraska
    Longitude
    -96.6403
    Latitude
    40.7499
    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
    $4,170
    $61,600
    $171,700
    $233,300
    -
    $61,600
    $171,700
    $233,300

    Comparable in this City

    • Value Estimation
      $820,000
      34,418 SF

      7111 Stephanie Ln

      OFFICE (GENERAL) • 34,418 SF
      7111 Stephanie Ln, Lincoln, NE 68516-5300
      View Details
    • Value Estimation
      $470,000
      6,473 SF

      8380 Glynoaks Dr

      OFFICE (GENERAL) • 6,473 SF
      8380 Glynoaks Dr, Lincoln, NE 68516-6304
      View Details
    • Value Estimation
      $410,000
      5,367 SF

      5700 Thompson Crk Blvd Ste, Unit 1

      OFFICE (GENERAL) • 5,367 SF
      5700 Thompson Crk Blvd Ste, Lincoln, NE 68516-6579
      View Details
    • Value Estimation
      $525,000
      9,373 SF

      5651 59th St

      OFFICE (GENERAL) • 9,373 SF
      5651 59th St, Lincoln, NE 68516-2388
      View Details
    • Value Estimation
      $675,000
      5,378 SF

      2810 Copper Rdg Dr

      OFFICE (GENERAL) • 5,378 SF
      2810 Copper Rdg Dr, Lincoln, NE 68516-5968
      View Details
    • Value Estimation
      $525,000
      9,108 SF

      3401 Plantation Dr

      OFFICE (GENERAL) • 9,108 SF
      3401 Plantation Dr, Lincoln, NE 68516-4712
      View Details

    Similar Nearby for Sale

    • $599,000
      8,195 SF

      Lincoln Executive Office Building

      8,195 SF Office Space - $599,000
      7701 Preserve Ln, Lincoln, NE 68516
      View Details
    • $399,000
      2,375 SF

      Lincoln Trade Center Office Space

      Move-in ready office space with garage access in Lincoln Trade Center.
      6221 South 58Th St, Lincoln, NE 68516
      View Details
    • $810,093

      Lincoln Commercial Land - $810K

      Prime Lincoln land, 81,093 sq ft, O-3 zoned.
      8401 Hayek Dr, Lincoln, NE 68516
      View Details
    • $710,682

      Lincoln Commercial Land - 71,682 SF

      Prime Lincoln Land: O-3 Zoning, High Visibility
      8402 Hayek Dr, Lincoln, NE 68516
      View Details
    • Contact for pricing
      0.27 Acres

      Lincoln Retail Outlot for Lease

      High-traffic .27-acre outlot near Lowe's.
      6101 Apples Way, Lincoln, NE 68516
      View Details
    • $83,000
      0.25 Acres

      Residential Land in Lincoln, NE

      Land available in a premier residential development with urban convenience.
      7421 Maxine Dr, Lincoln, NE 68516
      View Details

    Similar Nearby for Lease

    • $19 SF/Yr
      78,016 SF

      Lincoln Executive Office Suite

      192 sq ft, prime location, modified gross lease
      5561 48Th St, Lincoln, NE 68516
      View Details
    • $16 SF/Yr
      2,067 SF

      Lincoln Office Space Available

      Southeast Lincoln office, 2,067 sq ft.
      5640 84Th St, Lincoln, NE 68516
      View Details
    • Contact for pricing
      28,000 SF

      Office Space in Williamsburg Village

      Office space for rent in south Lincoln's Williamsburg Village.
      3533 Plantation Dr, Lincoln, NE 68516
      View Details
    • Contact for pricing
      13,000 SF

      Lincoln Office Space For Rent

      13,000 square foot office space available for rent.
      3611 Union Dr, Lincoln, NE 68516
      View Details
    • $1,200 /Mo
      712 SF

      Small Office Space Available

      712 SF office space with exam rooms for rent.
      4740 Linden St, Lincoln, NE 68516
      View Details
    • Contact for pricing
      1,500 SF

      Office Space in South Ridge

      Office space available in vibrant South Ridge Village.
      2901 Pine Lake Rd, Lincoln, NE 68516
      View Details
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    6221 58th St
    Lincoln, NE 68516-3679
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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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