3883 Normal BlvdLincoln, NE 68506

Property Details for 3883 Normal Blvd

Year built

1984

Lot size

0.45 AC

Property size (Sq ft)

9,869 SF

Zone code

B1

Property type

Office properties

APN

17-31-406-019-000

APU

1731406019000

Description

This exceptional 9,869 square foot Class B office building in Lincoln, Nebraska, is offered at $1,495,000. Located at 3883 Normal Blvd, this multi-tenant property boasts excellent visibility from both Normal Boulevard and South Street, providing strong potential for increased traffic and tenant attraction. The building is being sold "As-Is," presenting a unique opportunity for value-add improvements or owner-occupancy. The sale includes an adjacent parcel, providing ample additional parking for tenants and visitors. The asking price translates to $151.48 per square foot, reflecting a competitive price point in the Lincoln commercial real estate market. This property is situated in Lancaster County, Nebraska, with the precise location being 40.7912299 latitude and -96.6648561 longitude, and a zip code of 68506. The property's traditional office layout offers flexibility for various business needs. This is an ideal investment opportunity for those seeking a well-located, multi-tenant office building with significant upside potential. The inclusion of the adjacent parking lot adds considerable value and convenience. Serious inquiries are encouraged to explore this promising investment.

• CAP approach

  CAP return

  Valuation

  6%

  $1,823,387

  6.5%

  $1,683,126

  7%

  $1,562,903

• Comparable approach

  Method

  Valuation

  Relative Method

  $705,930

  Geo Method

  $705,930

• Alternative Use

  Use

  Valuation

  Residential

  $2,087,076

  Hospitality

  $1,911,751

  Educational

  $1,590,554

  Medical

  $1,645,256

  Retail

  $2,474,196

Location Insight

City

Lincoln

County

Lancaster

State

Nebraska

Latitude

40.7911

Longitude

-96.6648

CBSA code

30700

CBSA name

LINCOLN, NE METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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