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610 J St
Lincoln, NE 68508
Mill Towne West · Office Property For Sale
Executive Summary
610 J Street presents a rare opportunity to acquire a well-located, stabilized office investment in the heart of Lincoln’s Historic Haymarket District. The 18,156 SF property is approximately 92% leased to a diverse mix of office tenants, providing stable in-place cash flow with additional upside through future lease-up, rental escalations, and renewals.
Offered at $2,325,000, the property delivers a 7.86% cap rate on an NOI of $182,849, making it an attractive option for investors seeking durable income in one of Lincoln’s most active submarkets.
The building benefits from on-site parking and an exceptional central location with immediate proximity to the University of Nebraska–Lincoln Main Campus, Downtown Lincoln, government buildings, and the area’s premier dining, retail, and entertainment amenities.
Ownership also enjoys the advantages of a condominium association structure, which covers many common area expenses—including parking lot maintenance and snow removal—helping reduce operating responsibilities and improve expense predictability.
Offered at $2,325,000, the property delivers a 7.86% cap rate on an NOI of $182,849, making it an attractive option for investors seeking durable income in one of Lincoln’s most active submarkets.
The building benefits from on-site parking and an exceptional central location with immediate proximity to the University of Nebraska–Lincoln Main Campus, Downtown Lincoln, government buildings, and the area’s premier dining, retail, and entertainment amenities.
Ownership also enjoys the advantages of a condominium association structure, which covers many common area expenses—including parking lot maintenance and snow removal—helping reduce operating responsibilities and improve expense predictability.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
18,156 SF
Building Class
B
Year Built/Renovated
1918/2006
Price
$2,325,000
Price Per SF
$128.06
Cap Rate
7.86%
NOI
$182,745
Percent Leased
91%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
6,052 SF
Slab To Slab
12’
Building FAR
0.17
Lot Size
2.42 AC
Opportunity Zone
Yes
Zoning
I1 - Industrial District
Parking
72 Spaces (3.97 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 10-26-133-003-002 | Improvements Assessment | $232,700 |
| Land Assessment | $185,200 | Total Assessment | $417,900 |
Property Taxes
Parcel Number
10-26-133-003-002
Land Assessment
$185,200
Improvements Assessment
$232,700
Total Assessment
$417,900
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