Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6940 L St Lincoln, NE 68510

    • Commercial land
    • 1,680 SF
    • 0.33 lot acres
    For Lease
    View listing
    $2 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US57-0115827
    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 land

    Property Details for 6940 L St

    Year built
    1984
    Lot size
    0.33 lot acres
    Property size
    1,680 SF
    Zone code
    B1
    Property type
    Commercial land
    APN
    17-28-209-006-000
    APU
    1728209006000

    Description

    This exceptional 14,165 square foot commercial land parcel presents a unique investment opportunity in Lincoln, Nebraska. Located at 6940 L Street, this hard corner lot boasts prime visibility at the intersection of L Street and 70th Street, offering excellent exposure for any business. The property is zoned B1 and features convenient access points from both L Street and 70th Street. Its strategic location provides immediate proximity to major healthcare facilities, including CHI Health - St. Elizabeth Hospital to the south and Lincoln Veterans Hospital to the east, ensuring high traffic volume and a strong potential customer base. The lot is suitable for a variety of commercial developments and includes the possibility of a build-to-suit option. A pole sign is also available, further enhancing visibility and branding opportunities. The property's APN is 17-28-209-006-000. This single-tenant lot offers significant potential for growth and return on investment in a thriving Lincoln neighborhood. The lot size is 14,165 square feet. This is a rare opportunity to acquire a highly visible and strategically located commercial land parcel in a rapidly developing area. Serious inquiries are encouraged.

    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
    -96.6256
    Latitude
    40.8103
    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
    $3,165
    $177,100
    $0.00
    $177,100
    -
    $177,100
    $0.00
    $177,100

    Comparable in this City

    • Value Estimation by Request
      4.30 Acres

      4201 O St

      VACANT COMMERCIAL LAND • 4.30 Acres
      4201 O St, Lincoln, NE 68510-1751
      View Details
    • Value Estimation by Request
      2.30 Acres

      625 70th St

      VACANT COMMERCIAL LAND • 2.30 Acres
      625 70th St, Lincoln, NE 68510-2404
      View Details
    • Value Estimation by Request
      0.08 Acres

      2026 O St

      VACANT COMMERCIAL LAND • 0.08 Acres
      2026 O St, Lincoln, NE 68510-1037
      View Details
    • Value Estimation by Request
      0.06 Acres

      1908 L St

      VACANT COMMERCIAL LAND • 1,294 SF
      1908 L St, Lincoln, NE 68510
      View Details
    • Value Estimation by Request
      0.06 Acres

      1930 L St

      VACANT COMMERCIAL LAND • 1,082 SF
      1930 L St, Lincoln, NE 68510
      View Details
    • Value Estimation by Request
      0.07 Acres

      1910 L St

      VACANT COMMERCIAL LAND • 1,120 SF
      1910 L St, Lincoln, NE 68510
      View Details

    Similar Nearby for Sale

    • $750,000

      O Street Pad Site Available

      0.86-acre pad site on O Street, high visibility.
      111 S 29Th St, Lincoln, NE 68510
      View Details
    • $1,450,000

      Prime Pad Site Opportunity

      0.25-acre commercial land parcel in a growing trade area.
      5911 N 28Th St, Lincoln, NE 68510
      View Details
    • $2,689,000

      8.8 Acres of Commercial Land

      8.8 acres of commercial land for sale in Lincoln, Nebraska.
      5075 N 33Rd St, Lincoln, NE 68510
      View Details
    • $110,000
      0.22 Acres

      Residential Lot in Lincoln, NE

      Residential lot for sale, builder-restricted in Lincoln, Nebraska.
      2226 S 96Th St, Lincoln, NE 68510
      View Details
    • Contact for pricing

      131-Acre Development Opportunity in Lincoln

      131 acres ideal for industrial, manufacturing, distribution, warehousing.
      7002 NW 27Th St, Lincoln, NE 68510
      View Details
    • $4,250,000
      22,395 SF

      Lincoln Medical Office Building

      Vacant 22,395 SF Medical Office
      201 68Th Street Pl, Lincoln, NE 68510
      View Details

    Similar Nearby for Lease

    • $2 SF/Yr
      14,165 SF

      Lincoln Commercial Land - Hard Corner

      High-visibility lot, ideal for development.
      6940 L St, Lincoln, NE 68510
      View Details
    • $12 SF/Yr
      2,168 SF

      Lincoln Retail Spaces Available

      Prime Lincoln retail, two spaces available.
      6891 A St, Lincoln, NE 68510
      View Details
    • $16 SF/Yr
      17,228 SF

      Antelope Tower: Prime Commercial Space

      Downtown Telegraph District: Retail, Office, Restaurant
      1900 K St, Lincoln, NE 68510
      View Details
    • Contact for pricing
      30,000 SF

      Mixed-Use Redevelopment Opportunity

      5.11-acre mixed-use redevelopment site near 27th & Nebraska Parkway.
      4200 S 27Th St, Lincoln, NE 68510
      View Details
    • $2,500 /Mo
      2,430 SF

      Office Space Available For Rent

      Office space available for lease in Lincoln, Nebraska.
      1435 S 33Rd St, Lincoln, NE 68510
      View Details
    • $17 SF/Yr
      830 SF

      Lincoln Medical Office Suite 109

      Prime Lincoln location, Class A medical office space.
      7001 A St, Lincoln, NE 68510
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    6940 L St
    Lincoln, NE 68510
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.