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    Turnkey Daycare Center in Silver Lake Title is generated by Realmo AI

    109 E Railroad Ave, Silver Lake, KS 66539

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    For Sale
    $465,000

    COMMERCIAL - Silver Lake, KS

    Property size:
    3,000 SF
    Price / SF:
    $155/SF
    Added:
    Sep 17, 2025
    Days on Market:
    263
    Last Refresh:
    Jun 6 at 2:06 pm

    Property Features for 109 E Railroad Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    C-1 Commercial
    Parking
    17
    Standard status
    Active
    APN
    R5859
    Size
    3,000 SF

    Taxes and HOA fees

    Tax Annual Amount
    9044

    Building Details

    Year built
    2018

    We can help!

    Listing Contact
    Sara Cain

    Listing agent Sara Cain

    Listing office Coldwell Banker American Home 2222 SW 29th St, Topeka, KS

    Listing date Sep 17, 2025

    MLS# 241413

    Copyright © 2026 Sunflower Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Fully operational, turnkey daycare business with a strong reputation and deep community roots in Silver Lake.
    • Modern 3,000 sq ft facility (built in 2018) with six fully equipped classrooms, each with private restrooms.
    • Licensed capacity for 58 children and currently fully staffed.
    • Includes a 2003 GMC 2500 12‑passenger van and a small bus for transportation.
    • Features a state‑of‑the‑art kitchen, dedicated laundry room, safe room, and spacious outdoor play area.
    • Sale includes all furniture, fixtures, and equipment (excluding personal computers and printers).

    Overview

    This well-known and respected daycare center, located in the heart of Silver Lake, Kansas, presents an opportunity to acquire a fully operating, turnkey business with established community ties. Constructed in 2018, the 3,000-square-foot facility features six fully equipped classrooms, each furnished with age-appropriate toys, books, and private restrooms, catering to children aged two weeks to 12 years. The property includes a state-of-the-art kitchen with stainless steel appliances and storage cabinets, a dedicated laundry room, and a safe room. A spacious outdoor play area is equipped with playground equipment and a playhouse. The sale encompasses a 2003 GMC 2500 12-passenger van and a small bus for school pickups or field trips. The daycare has a licensed capacity for 58 children and is currently staffed with five full-time and two part-time employees, in addition to the owner. The sale includes all furniture, fixtures, and equipment, excluding personal computers and printers. The daycare has been operating for over seven years in the Silver Lake community. The property is located at 109 E Railroad Ave, Silver Lake, KS 66539. Showings are by appointment only.
    Property Profile Location Intelligence

    Current Use by Public Records

    Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Creative Beginnings Daycare — 109 E Railroad St, Silver Lake, KS 66539

    Location Insight

    • Map
    • Local Demand
    City
    Silver Lake
    County
    Shawnee
    State
    Kansas
    Longitude
    -95.858072
    Latitude
    39.105205

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      Silver Lake Multifamily Investment Opportunity

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    FAQs

    What type of property is this?
    Day care center - Fully operational daycare center with strong community reputation in Silver Lake.
    Where is this day care center located?
    The property is located at 109 E Railroad Ave Silver Lake, KS.
    What is the asking price?
    The asking price for this property is $465,000.
    What are key features of this property?
    This property features: Fully operational, turnkey daycare business with a strong reputation and deep community roots in Silver Lake.; Modern **3,000 sq ft facility** (built in 2018) with six fully equipped classrooms, each with private restrooms.; Licensed capacity for 58 children and currently fully staffed.
    (785) 250-8790
    We can help!
    Listing Contact
    Sara Cain
    Request Owner's contact information
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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