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

    724 N Main St Newton, KS 67114

    View on Map
    Sponsored
    For Sale
    Contact for pricing

    COMMERCIAL - Newton, KS

    Property size:
    7,500 SF
    Lot size:
    0.17 Acres
    Days on Market:
    1
    Last Refresh:
    Mar 9 at 7:06 pm

    Property Features for 724 N Main St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    General Comm
    APN
    094-17-0-10-22-005.00-0
    Parking features
    On Street
    Size
    7,500 SF
    Lot size
    0.17 Acres

    Utilities

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

    Building Details

    Year built
    1910
    Floors in Building
    1
    Flooring type
    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 Mar 9, 2026

    MLS# 669349

    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

    Newton Commercial Building on Corner

    Located in Newton, Kansas, this approximately 7,500 square foot commercial building is positioned on a corner lot along a city arterial in a prime retail strip area, offering visibility and accessibility. The one-story building features an all-brick exterior and street parking. The building includes 13 office spaces, 8 restrooms, a reception hall, break rooms, and 2 vaults. Recent updates include the renovation of 4 of the 8 bathrooms in 2023 and the installation of a new HVAC system in 2021 that extends to 722 N. Main St. Updated flooring, paint, and ceiling tiles have been installed. A fire sprinkler system is in place throughout the venue space and is inspected annually. This property is positioned for professional, retail, or office use. The zoning is General Commercial. Parcels 724 N. Main St. and 722 N. Main St. are being offered separately and together.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The Porch Community Center

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Newton
    County
    Harvey
    State
    Kansas
    Longitude
    -97.344674
    Latitude
    38.05091

    Nearby Similar for Sale

    • New
      Contact for pricing
      9,575 SF

      Newton Office Building For Sale

      9,575 sq ft office building in retail strip.
      722 N Main St, Newton, KS 67114
      View Details
    • $600,000

      Newton Office Building For Sale

      Office building available for purchase in Newton, Kansas.
      725 N Main St, Newton, KS 67114
      View Details
    • $600,000

      Historic Newton Office Building For Sale

      Historic 1910 Newton building with spacious offices and entertainment hall.
      725 N Main St, Newton, KS 67114
      View Details
    • Contact for pricing

      Restaurant Building in Prime Location

      Restaurant building with equipment in a desirable Newton location.
      1410 E Broadway Ct, Newton, KS 67114
      View Details
    • $235,000

      12-Space Mobile Home Community

      12-space mobile home community for sale.
      1800 Windsor Dr, Newton, KS 67114
      View Details
    • $235,000

      12-Space Mobile Home Community

      Mobile home community with 12 spaces for sale.
      1800 Windsor Dr, Newton, KS 67114
      View Details
    • $235,000

      12-Space Mobile Home Community

      Mobile home community near Bethel College with public utilities.
      1800 Windsor Dr, Newton, KS 67114
      View Details
    • $235,000

      12-Space Mobile Home Community

      Mobile home community near Bethel College with public utilities.
      Newton, KS 67114
      View Details
    • Contact for pricing
      286,800 SF

      Newton Warehouse and Distribution Facility

      286,800 SF warehouse and distribution facility in Newton, Kansas.
      900 S Meridian Rd, Newton, KS 67114
      View Details
    • $600,000
      5,329 SF

      Historic Newton Office Building

      Landmark Office, 5,329 sq ft, 0.43 acres
      725 Main St, Newton, KS 67114
      View Details
    • $750,000
      15,125 SF

      Prime Newton Commercial Space

      Versatile Main Street Property - For Sale/Lease
      722 Main St, Newton, KS 67114
      View Details

    FAQs

    What type of property is this?
    Office building - 7,500 sq ft commercial building in prime retail area.
    Where is this office building located?
    The property is located at 724 N Main St Newton, KS.
    What are key features of this property?
    This property features: - Prime commercial location on a corner lot in Newton, KS, offering high visibility.; - Large 7,500+\/- sq. ft. commercial building ideal for professional, retail, or office use.; - Recent updates include a new HVAC system (2021) and updated flooring, paint, ceiling tiles, and 4 updated restrooms (2023).
    (316) 683-0612
    Request Owner's contact information
    724 N Main St Newton, KS 67114
    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.
    724 N Main St
    Newton, KS 67114
    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
    724 N Main St Newton, KS 67114
    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

    We can help!
    Listing Contact
    Isaac Klingman
    Real Estate License ID: 00244279
    (316) 683-0612 (316) 290-9452 (316) 867-3600
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!