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650 J St 1 Lincoln, NE 68508-2900

OFF-MARKET Office Spaces Google Maps
6,033 SF 0.23 ac lot Built 1918
Entity Owned 11-yr Hold ~ Est. High Equity
Estimated value (blended)
$310k
Range $279k – $341k (±10%)
Property ID US57-0022594

Property summary

AI-generated overview

This exceptional office suite, located on the fourth floor of The Milltowne Building, offers 1,028 square feet of versatile space. Situated on the edge of the vibrant Historic Haymarket district, this property provides easy access to a variety of restaurants and shops. The building itself boasts 1,028 square feet of vacant space within a larger 55,250 square foot building, spread across four stories. The suite is part of a multi-tenant building with a total of one suite. The property sits on a generous 2.42-acre lot (105,411 square feet), offering ample space. Free surface parking is available for tenants with 15 total parking spaces. Building amenities include a shared conference room and break room, adding convenience and collaborative opportunities. The building's unique character is highlighted by exposed brick and large windows, creating a charming and inviting atmosphere. The building is classified as Class C. This is a fantastic opportunity to establish a presence in a thriving, historic neighborhood. The suite's size makes it ideal for a small business or professional office. The combination of location, amenities, and unique architectural details makes this property a truly desirable option.

Property profile

Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1918
Total area 6,033 SF
Lot 0.23 ac (9,867 SF)
Zoning code I1
APN 10-26-133-003-001
UPID US57-0022594

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
  • Psychotherapist
  • Crisis Center Medical Clinic
  • Training Center Tutoring Service
  • Financial Advisor
  • Association / Organization

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$310k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$310k

Owner & transaction history

since 2015
5 recorded transactions
2019
Price N/A
2015
$1.1M
2006
$1.3M
1969
Price N/A
1969
Price N/A

Zoning & alternative use

I1 · 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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