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    210 S Centennial Dr McPherson, KS 67460

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    For Lease
    $1.00 SF/Yr

    COMMERCIAL - McPherson, KS

    Type:Retail
    Added:
    Nov 14, 2025
    Days on Market:
    161
    Last Refresh:
    Apr 24 at 2:06 pm

    Property Features for 210 S Centennial Dr

    General Information

    Property type
    Commercial Lease
    Property subtype
    Retail
    Parking features
    Parking Lot
    Standard status
    Active
    APN
    0591382704001001020

    Building Details

    Year built
    2007
    Flooring type
    Concrete
    Building materials
    Brick, Stucco
    Roof type
    Flat

    We can help!

    Listing Contact
    Mattison Carey

    Listing agent Mattison Carey License #00252569

    Listing office Sheets - Adams, Realtors 1605 N Main St, McPherson, KS

    Listing date Nov 14, 2025

    MLS# 53757

    Copyright © 2026 Mid-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.

    Overview

    Retail Space in McPherson, Kansas

    This anchor store is available for lease within an upscale shopping center on the east side of McPherson, Kansas, offering ease of access from I-135. The space features a large, open floor plan with a partial build-out and storefront views. It includes concrete floors, a storage/office area, and two restrooms. Lit curbside monument signage is available. The building is maintained in a clean, manicured, and well-lit condition until 11:30 PM daily, enhancing visibility to the frequent traffic generated by surrounding businesses. Current businesses in the shopping center include Vapor 100, Best Massage, Pro Organic Nail Salon/Spa, and Floss & Needle. Nearby retail stores include Wal-Mart, Walgreens, Shoe Sensation, Dollar Tree, and Bomgaars. Numerous restaurants are also located in the vicinity, such as McDonalds, Starbucks, Taco Bell, La Fiesta, Woodies Smokehouse BBQ, Subway, Braum's, Freddy's Frozen Custard, Slim Chickens, Arby's, and Applebee's.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Faithful Fans Sports (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon Gym & Fitness Center Pharmacy

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

    Similar Places Nearby

    • McPherson Center — 2208 E Kansas Ave, McPherson, KS 67460

    Location Insight

    • Map
    • Local Demand
    City
    McPherson
    County
    McPherson
    State
    Kansas
    Longitude
    -97.630594
    Latitude
    38.368715

    Nearby Similar for Lease

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      Retail Space in High-Traffic Area

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      1316 N Main St, McPherson, KS 67460
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      Remodeled Retail Space on Main

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    FAQs

    What type of property is this?
    Shopping center - Anchor store available for lease in upscale shopping center.
    Where is this shopping center located?
    The property is located at 210 S Centennial Dr McPherson, KS.
    What is the lease rate?
    The lease rate is $1.00 SF/Yr.
    What are key features of this property?
    This property features: High‑traffic location with ease of access from I‑135.; Anchor store opportunity in an upscale shopping center.; Large, open floor plan with partial build‑out.
    (620) 386-6645
    We can help!
    Listing Contact
    Mattison Carey
    Real Estate License ID: 00252569
    Learn More
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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
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