3940 Cornhusker HwyLincoln, NE 68504

Property Details for 3940 Cornhusker Hwy

Year built

1978

Lot size

1.15 AC

Property size (Sq ft)

12,211 SF

Zone code

H3

Property type

Office properties

APN

17-07-411-006-000

APU

1707411006000

Description

This single-story, 12,211 square foot Class B medical office building is located at 3940 Cornhusker Highway in Lincoln, Nebraska, Lancaster County, zip code 68504. Built in 1978, the property sits on a 50,171 square foot lot and offers convenient access to Interstate 80 and the University of Nebraska-Lincoln's East Campus. Currently, there is 5,858 square feet of vacant space available, divisible into units ranging from 1,513 to 4,345 contiguous square feet. The building features multiple entrances for each suite, providing convenient access for patients and staff. Ample on-site parking is available. The property is well-suited for a variety of medical practices seeking a prominent location with excellent accessibility and visibility. This is a single building with no elevators. The property is ideal for businesses needing convenient access to major transportation routes and ample parking. The multiple entry points enhance accessibility and convenience.

• CAP approach

  CAP return

  Valuation

  6%

  $2,412,330

  6.5%

  $2,226,767

  7%

  $2,067,712

• Comparable approach

  Method

  Valuation

  Relative Method

  $873,453

  Geo Method

  $873,453

• Alternative Use

  Use

  Valuation

  Residential

  $2,761,191

  Hospitality

  $2,529,236

  Educational

  $2,104,294

  Medical

  $2,176,664

  Retail

  $3,273,347

Location Insight

City

Lincoln

County

Lancaster

State

Nebraska

Latitude

40.847

Longitude

-96.6632

CBSA code

30700

CBSA name

LINCOLN, NE METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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