Add Listing
    For Sale
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    111 South Summit Arkansas City, KS 67005

    View on Map
    Claim this Listing
    For Sale
    $124,900

    Commercial Sale, Other - Arkansas City, KS

    Property size:
    2,400 SF
    Lot size:
    0.08 Acres
    Price / SF:
    $52/SF
    Added:
    Jan 29, 2026
    Days on Market:
    94
    Last Refresh:
    May 3 at 9:06 pm

    Property Features for 111 South Summit

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Size
    2,400 SF
    Lot size
    0.08 Acres

    Building Details

    Year built
    1886
    Architectural style
    Other

    We can help!

    Listing Contact
    Lacey Pool
    Lacey Pool

    Listing agent Lacey Pool License #238447,PersonLicenseNumber

    Listing office NextHome Together 1826 N Summit Street, KS

    Listing date Jan 29, 2026

    MLS# 667605 Listing URL

    Copyright © 2026 NextHome, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Downtown Commercial Space in Arkansas

    Located in downtown Arkansas City, this commercial space offers approximately 2,400 square feet. The property features storefront windows providing street exposure and includes street parking in the front, with private owner parking available in the rear. The space is suitable for various business types, including retail, office, boutique, or studio. The roof is in good condition, and the HVAC, electrical, and plumbing systems are in solid shape. The lot size is 0.08 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Arkansas City
    County
    Cowley
    State
    Kansas
    Longitude
    -97.0392892
    Latitude
    37.0617792

    Nearby Similar for Sale

    • $124,900

      Downtown Arkansas City Storefront Ready

      2,400+/- sq ft space in the heart of downtown.
      111 S Summit, Arkansas City, KS 67005
      View Details
    • $365,000
      6,720 SF

      Arkansas City Storage Facility For Sale

      Self-storage facility with expansion potential in Arkansas City, Kansas.
      500 S G St, Arkansas City, KS 67005
      View Details
    • $365,000
      6,720 SF

      Arkansas City Storage Facility For Sale

      Self-storage facility with expansion potential in Arkansas City, Kansas.
      500 S G St, Arkansas City, KS 67005
      View Details
    • $365,000
      6,720 SF

      Arkansas City Storage Facility For Sale

      Self-storage facility with expansion potential in Arkansas City, Kansas.
      500 S G St, Arkansas City, KS 67005
      View Details
    • $625,000

      New Gas Station Ground Lease

      New gas station in Arkansas City retail corridor for sale.
      2504 N Summit St, Arkansas City, KS
      View Details
    • Contact for pricing
      4,080 SF

      Arkansas City Medical Office Building

      Former physician's office with ample parking in Arkansas City.
      515 N Summit St, Arkansas City, KS
      View Details
    • $2,860,000
      40,260 SF

      Retail Center with National Tenants

      Fully leased retail center with long-term national tenant leases.
      2013 N Summit St, Arkansas City, KS 67005
      View Details
    • $175,000

      Versatile Building on Large Lot

      Well-maintained building on 0.90 acres, suitable for various businesses.
      907 E Kansas Ave, Arkansas City, KS, 67005-6686
      View Details
    • $70,000
      4,068 SF

      Converted Church Single Family Home

      Church converted to single-family home with potential.
      625 North 3rd Street, Unit 3, Arkansas City, KS 67005
      View Details

    FAQs

    What type of property is this?
    Storefront property - 2,400 sq ft commercial space in downtown Arkansas City.
    Where is this storefront property located?
    The property is located at 111 South Summit Arkansas City, KS.
    What is the asking price?
    The asking price for this property is $124,900.
    What are key features of this property?
    This property features: 2,400± sq ft space in the heart of downtown Ark City; Ready for retail, office, boutique, studio, or other business; Storefront windows for great exposure
    (620) 506-7488
    We can help!
    Listing Contact
    Lacey Pool
    Lacey Pool
    Real Estate License ID: 238447,PersonLicenseNumber
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry

    111 South Summit, Arkansas City, KS 67005

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!