965 S 27Th St Lincoln, NE 68510
Office Spaces
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Entity Owned
Absentee Owner
~
Est. High Equity
For Lease
1 / 14
$16 SF/Yr
965 S 27Th St, Lincoln, NE 68510
View Listing →
Estimated value (blended)
$2.89M
Range $2.60M – $3.17M (±10%)
Property ID
US57-0321366
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2004
Total area
12,542 SF
Lot
2.16 ac (94,264 SF)
Zoning code
I1
APN
10-25-445-001-000
UPID
US57-0321366
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
-
Physician
-
Restaurant
-
Restaurant
-
Medical Clinic
-
Pediatrician Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.35M
Comparable Approach
Comparable
$2.73M
Blend (final)
Blend
$2.89M
Owner & transaction history
since 2025
Last sale
$3.8M
6 recorded transactions
Zoning & alternative use
I1 · Lincoln, NE
Top alternative use upside
Retail stores
$2.7M
+38.1%
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 5 comparables with addresses
2 alternative uses screened
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
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Summary
1
Valuation conclusion
Included free
Estimated market value
$2.89M
Value range
$2.60M – $3.17M
±10% around blend
Estimated value / SF
$230 / SF
Confidence
High
5 county-verified comps
Property data
75
Market benchmarks
100
Comparable evidence
50
Income certainty
100
$2.60M
blend $2.89M
$3.17M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
12,542 SF
Lot area
2.16 ac
Year built
2004
APN
10-25-445-001-000
Assessed value
$2,226,300
Annual tax
$39,791
3
Income approach: direct capitalization
Partial preview
Income approach indication
$2.35M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$2.54M
@ 6.5% CAP return
$2.35M
@ 7% CAP return
$2.18M
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$39,791
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$1.34M
Weighted, 5 comps · high confidence
Evidence
5 found · 5 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
1.5 mi away · 14,664 SF
3.9 mi away · 12,310 SF
3.9 mi away · 12,285 SF
4.5 mi away · 9,815 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$2.89M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 31 sales
$154
+50%
Submarket 485 sales
$131
+76%
County 527 sales
$130
+77%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $230/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Retail Stores
Gross theoretical uplift
+38%
vs current-use indication
Commercial (general) · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Modeled
Market rent
Market benchmark
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 5 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
Selected market yield
1,927,737.50%
Selected cap rate for this office spaces
Derived from the Lincoln market rent, vacancy and expense benchmarks for this use type.
NOI (est.)
$308k *
Last sale · Jun 2025
$3.78M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$16
Move the market yield to see immediate price impact.
Value / SF
$0
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
1,927,737.00%1,927,737.50%1,927,738.00%
$278k
$14
$14
$14
$308k
$16
$16
$15
$339k
$17
$17
$17
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
5 found
High confidence · county-verified
Closest comparable
$1.15M
1.2 mi · Nov 2025 · $108/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$39,791
Tax year 2024
Assessed value
$2,226,300
Assessed 2024
Previous assessed
$2,213,100
+0.6% YoY
Effective rate
1.79%
On assessed value
Assessed land
$848,200
Assessed improvement
$1,378,100
Land market value
$848,200
Improvement market value
$1,378,100
Total market value
$2,226,300
Applied tax rate
1.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Status
For Lease
Year built
2004
Heating
NONE
Cooling
NONE
Buildings
2
Units
1
Total area
12,542 SF
Lot
2.16 ac (94,264 SF)
Zoning code
I1
APN
10-25-445-001-000
UPID
US57-0321366
Jurisdiction
LANCASTER
Zoning & alternative use
I1 · Lincoln, NEZoning I1 · permitted uses
I1 · Lincoln, NE
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
2004
Heating
NONE
Cooling
Yes
Buildings
2
Units
1
Lot
2.16 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
I1
Jurisdiction
Lincoln, NE
Recorded code
I1
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for I1 in Lincoln, NE.
What opens after registration
Zoning profile
3 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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