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    The Largest CRE Database in the US with Over 1 Million Listings

    116 W Pine Ave El Dorado, KS 67042

    Sponsored
    For Sale
    $435,000

    SINGLE_FAMILY - El Dorado, KS

    Type:Office
    Lot size:
    0.22 Acres
    Days on Market:
    50
    Last Refresh:
    Jan 26 at 9:06 am

    Property Features for 116 W Pine Ave

    General Information

    Property type
    Residential
    Property subtype
    Office
    Standard status
    Active
    Zoning
    General Comm
    APN
    20015-008-211-02-0-40-04-017.00-0
    Parking features
    On Street
    Lot size
    0.22 Acres

    Utilities

    Utilities
    Natural Gas Available
    Sewer type
    Public Sewer
    Heating system
    Forced Air, Natural Gas
    Cooling system
    Central Air, Electric
    Water source
    Public

    Building Details

    Year built
    1915
    Floors in Building
    2
    Flooring type
    Wood, Carpet
    Building materials
    Brick
    Roof type
    Flat

    We can help!

    Listing Contact
    Isaac Klingman

    McCurdy Auction, LLC (316) 683-0612

    Listing agent Isaac Klingman (316) 867-3600

    Listing date Dec 8, 2025

    MLS# 665352

    Copyright © 2026 South Central Kansas MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Historic El Dorado Mixed-Use Investment

    Located in the El Dorado Historic District, this mixed-use investment property features 14 office spaces on the main level and 5 apartments on the upper level. Constructed in 1900, the solid brick building is situated on the corner of W. Pine Ave. and S. Main Street, offering visibility and traffic flow. It is located across from the El Dorado Judicial Building. The main level includes 14 individual office suites, a shared conference room, and a kitchen. The carpeted spaces are suitable for professional services, medical offices, or small businesses. The upper level residential component features one studio apartment, three one-bedroom one-bathroom units, and one two-bedroom two-bathroom unit. All apartments feature brick accent walls and are located near shopping and churches. The property is situated on a 0.22-acre lot. The property is currently generating $3,835 per month and has demonstrated income potential of $5,000-$6,000 per month when fully occupied. All 5 apartments are leased, and 6 of the 14 main level offices are currently leased.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    United Way of El ... Social Services Organization James I. Murfin Attorney El Dorado Main ... Economic Development Agency El Dorado Music ... Music Instructor Martin, Pringle, Oliver, ... Law Firm

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    El Dorado
    County
    Butler
    State
    Kansas
    Longitude
    -96.850599
    Latitude
    37.816671

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property with office and apartment spaces in historic district.
    Where is this mixed-use property located?
    The property is located at 116 W Pine Ave El Dorado, KS.
    What is the asking price?
    The asking price for this property is $435,000.
    What are key features of this property?
    This property features: - Significant income upside: Currently generating $3,835/month with potential to reach $5,000-$6,000/month when fully occupied.; - Immediate opportunity to increase income by over 50% through strategic leasing of vacant office spaces.; - Prime location in the El Dorado Historic District, directly across from the Judicial Building, ensuring high visibility and foot traffic.
    (316) 683-0612
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    116 W Pine Ave El Dorado, KS 67042
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    El Dorado, KS 67042
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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.

    More about this property
    116 W Pine Ave El Dorado, KS 67042
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    We can help!
    Listing Contact
    Isaac Klingman
    Real Estate License ID: 00244279
    (316) 683-0612
    Learn more
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