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

    6720 84Th St Lincoln, NE 68516

    • Commercial real estate
    • 0.99 lot acres
    For Sale
    View listing
    $776,239
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US57-0267180
    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

    • Commercial real estate

    Property Details for 6720 84Th St

    Lot size
    0.99 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 0.99-acre commercial land parcel, located at 6720 S 84th St in Lincoln, Nebraska (68516), presents a unique investment opportunity. Situated in a high-traffic area with a daily count of 40,000 vehicles near the intersection of 84th and Nebraska Parkway, this property boasts unparalleled visibility. The site is part of the Prairie Lake development, benefiting from the presence of established anchor tenants such as Walmart, Sam's Club, and Menards. Future additions to the area include Rocket Car Wash, Taco Inn, and Home Federal Savings & Loan, further enhancing the location's appeal and potential for growth. This versatile land is suitable for a variety of commercial uses, including retail, industrial, multifamily, and office developments. Importantly, the property is located outside the floodplain and offers the advantage of no impact fees (excluding certain lots). The asking price for this strategically positioned land is $776,239. This is a rare chance to secure a prime commercial location in a thriving Lincoln neighborhood. The property's high visibility, convenient location, and proximity to major retailers make it an ideal investment for developers seeking a high-return opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Lincoln
    County
    Lancaster
    State
    Nebraska
    Longitude
    -96.6052067
    Latitude
    40.7429067

    Comparable in this City

    • $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
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    • $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
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    • $83,000
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      Residential Land in Lincoln, NE

      Residential land for sale in Lincoln, Nebraska.
      7520 Jimmie Ave, Lincoln, NE 68516
      View Details
    • $882,000

      Lincoln Commercial Land - Village Gardens

      Prime Lincoln land, ideal for mixed-use development.
      5745 Hidcote Dr, Lincoln, NE 68516
      View Details
    • $83,000
      0.19 Acres

      Residential Land in Lincoln, NE

      Residential land for sale in a premier Lincoln development.
      7522 Vera Dr, Lincoln, NE 68516
      View Details

    Similar Nearby for Sale

    • $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
    • $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
    • $882,000

      Lincoln Commercial Land - Village Gardens

      Prime Lincoln land, ideal for mixed-use development.
      5745 Hidcote Dr, Lincoln, NE 68516
      View Details
    • $83,000
      0.19 Acres

      Residential Land in Lincoln, NE

      Residential land for sale in a premier Lincoln development.
      7522 Vera Dr, Lincoln, NE 68516
      View Details
    • $130,000
      0.21 Acres

      Residential Lot in Southwest Lincoln

      Residential lot for new home construction in Southwest Lincoln.
      9110 S 32Nd St, Lincoln, NE 68516
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      43,124 SF

      Lincoln Commercial Land - 1 Acre

      Prime Lincoln land, high visibility, 40,000 daily traffic.
      6720 84Th St, Lincoln, NE 68516
      View Details
    • Contact for pricing
      9,100 SF

      Land Available For Lease

      Land for lease with 9,100 square feet available.
      3421 Plantation Dr, Lincoln, NE 68516
      View Details
    • $19 SF/Yr
      78,016 SF

      Lincoln Executive Office Suite

      192 sq ft, prime location, modified gross lease
      5561 48Th St, Lincoln, NE 68516
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    • $13 SF/Yr
      1,341 SF

      Retail Space in Village Drive

      Retail space available for lease in Lincoln, Nebraska.
      3520 Village Dr, Lincoln, NE 68516
      View Details
    • Contact for pricing
      4,530 SF

      Williamsburg-Style Lifestyle Center Space

      Open-air center for shopping, entertainment, and dining.
      2900 Pine Lake Rd, 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
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    6720 84Th St
    Lincoln, NE 68516
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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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