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    510 Main Street Wellsville, KS 66092

    View on Map
    For Sale
    $449,050

    COMMERCIAL - Wellsville, KS

    Property size:
    1,844 SF
    Lot size:
    0.08 Acres
    Added:
    Sep 16, 2025
    Days on Market:
    199
    Last Refresh:
    Apr 2 at 11:06 pm

    Property Features for 510 Main Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    C-1
    Parking features
    On Street
    Interior features
    In-Law Floorplan
    Standard status
    Active
    APN
    030-018-28-0-10-28-007.00-0
    Size
    1,844 SF
    Lot size
    0.08 Acres

    Taxes and HOA fees

    TaxAnnualAmount
    9103

    Utilities

    Utilities
    Natural Gas Available

    Building Details

    Year built
    1900
    Floors in Building
    2

    We can help!

    Listing Contact
    Barbara Kearney

    Listing agent Barbara Kearney License #BR00220085

    Listing office Compass Realty Group 900 W 48th Place Ste 120, Kansas City, KS

    Listing date Sep 16, 2025

    MLS# 2575508

    Copyright © 2026 Heartland Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Renovated Commercial Building in Wellsville

    Located in the historic downtown of Wellsville, this renovated building from the 1900s offers a blend of historic character and modern upgrades. The property features a commercial area on the main level, previously used as a restaurant with seating for approximately 56, encompassing 1,844 sq. ft. according to county records. A 22 x 12 fenced-in covered patio (pavilion) enhances the space. The upper level, accessible via a separate entrance, houses a profitable Airbnb unit, measuring approximately 1,524 sq. ft. per county records. Renovations include three new HVAC systems, new plumbing, electrical, and gas lines and meters, and a new outdoor concrete patio. Situated in Wellsville, with a population of about 2,000, this property is suitable for investors and entrepreneurs. The property is zoned C-1 and sits on a lot of 0.0837 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Wellsville
    County
    Franklin
    State
    Kansas
    Longitude
    -95.082314
    Latitude
    38.718848

    Nearby Similar for Sale

    • $400,000

      Versatile Commercial Property with Suites

      Well-configured office space with private suites in Wellsville, KS.
      511 Main Street, Wellsville, KS 66092
      View Details
    • $4,100,000
      4,973 SF

      Wellsville Industrial Property For Sale

      Industrial property featuring 4,973 square feet in Wellsville, Kansas.
      1023 Poplar St, Wellsville, KS 66092
      View Details

    FAQs

    What type of property is this?
    Restaurant - Turnkey commercial property with a renovated restaurant space and Airbnb.
    Where is this restaurant located?
    The property is located at 510 Main Street Wellsville, KS.
    What is the asking price?
    The asking price for this property is $449,050.
    What are key features of this property?
    This property features: Completely renovated 1900s building with modern upgrades, offering a turnkey investment.; Main level commercial space (1,844 sq. ft.) with a covered patio.; **Profitable upper‑level Airbnb (1,524 sq. ft.) with a separate entrance, providing immediate income.**
    (913) 707-0617
    We can help!
    Listing Contact
    Barbara Kearney
    Real Estate License ID: BR00220085
    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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