2200 40Th StLincoln, NE 68506

Property Details for 2200 40Th St

Year built

1987

Lot size

0.92 AC

Property size (Sq ft)

9,232 SF

Zone code

R5

Property type

Office properties

APN

17-32-300-056-000

APU

1732300056000

Description

This exceptional 2,330 square foot office space is ideally situated at the high-traffic corner of 40th and Normal Boulevard in Lincoln, Nebraska. Located at 2200 S 40th St, this single-tenant property boasts unparalleled visibility. Built in 1987 and renovated in 2014, the one-story building offers a versatile space suitable for various office uses, including traditional, medical, executive, coworking, and creative office setups. The R-5 zoning provides flexibility for a range of businesses. The property's location benefits from significant daily traffic volume, with an estimated 37,860 cars passing by daily (based on 2019 City of Lincoln data). This high visibility translates to an exceptional opportunity for signage, allowing for prominent brand exposure and increased customer traffic. The address is 2200 S 40th St, Lincoln, NE 68506, situated near the cross streets of S 40th St. & Normal Blvd, in Lancaster County. This is a rare opportunity to secure a highly visible and functional office space in a thriving Lincoln location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,705,686

  6.5%

  $1,574,480

  7%

  $1,462,017

• Comparable approach

  Method

  Valuation

  Relative Method

  $660,365

  Geo Method

  $660,365

• Alternative Use

  Use

  Valuation

  Residential

  $1,952,355

  Hospitality

  $1,788,347

  Educational

  $1,487,883

  Medical

  $1,539,054

  Retail

  $2,314,485

Location Insight

City

Lincoln

County

Lancaster

State

Nebraska

Latitude

40.7907

Longitude

-96.6631

CBSA code

30700

CBSA name

LINCOLN, NE METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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