633 48th St Lincoln, NE 68504-3441
Property Lookup
Property profile & analytics
633 48th St Lincoln, NE 68504-3441
- Retail space
- 6,224 SF
- 0.39 lot acres
Property ID
US57-1066523
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.
Location Intelligence
Current Use by Public Records
- Outback Steakhouse / Bar & Pub
Property Details for 633 48th St
- Year built
- 1995
- Lot size
- 0.39 lot acres
- Property size
- 6,224 SF
- Zone code
- B1
- Property type
- Retail space
- APN
- 17-20-323-003-000
- APU
- 1720323003000
Description
This exceptional investment opportunity presents a fee-simple, 6,100 square foot Outback Steakhouse in Lincoln, Nebraska. The property boasts a highly favorable Absolute NNN lease with approximately 1.8 years remaining, followed by two five-year options. The tenant, Outback Steakhouse, has occupied this location for over 25 years, demonstrating a strong commitment to the site. The current rent is significantly below market rate at $18 per square foot, resulting in a 5.75% cap rate and a substantial NOI of $104,647. Rent increases are structured at 10% every five years. Situated on a 0.39-acre lot, the building was constructed in 1995. The property benefits from its prime location in a dense, affluent area with over 226,500 people and 95,800 households within a five-mile radius, boasting an average household income of $76,099. Nearby retailers include Target, CVS, McDonald's, and other popular chains. The high traffic volume of over 20,000 vehicles per day further enhances the property's desirability. This is a rare chance to acquire a well-established, low-risk investment with significant upside potential. The property is less than two miles from the University of Nebraska, adding to its strong market position. This is a turnkey investment with minimal landlord responsibilities.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,945,000
- ML approach
- $1,930,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,220,000
- 6.5%
- $1,130,000
- 7%
- $1,050,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,947,000
- AI Estimate
- $1,001,000
Market price range: $652k - $1.95MMarket price range: $268k - $1.02M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Lincoln
- County
- Lancaster
- State
- Nebraska
- Longitude
- -96.6542
- Latitude
- 40.8195
- 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
$26,431
$245,700
$1,233,100
$1,478,800
-
$245,700
$1,233,100
$1,478,800
