Steel Warehouse with
831 N 8th St Salina, KS 67401
For Sale
$270,000
Pending
COMMERCIAL - Salina, KS
Property Size5,500 SF
Lot Size0.13 Acres
Days on Market530
Property Features for 831 N 8th St
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
General Comm
Parking features
On Street
Standard status
Pending
APN
085-081-12-0-20-08-001.00-0
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
PACIFIC ADD, S12, T14, R2, BLOCK 5, Lot 6
Tax Annual Amount
3585
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Wall Furnace, Natural Gas
Cooling system
Window Unit(s)
Water source
Public
Building Details
Year built
1936
Floors in Building
1
Flooring type
Concrete
Building materials
Block
Listing Agency:
Keller Williams Hometown Partners
(316) 729-8500
Listed By:
Brenda Haase · License #00228758
(785) 342-1234
Added: Feb 14, 2025
Changed: Jul 23
Last Checked: Jul 29 at 7:06PM
MLS# 650821
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.
Investment Insights
Based on property information with market context.
This steel and concrete warehouse features a heated warehouse area with a TPO roof described as five years old. Interior improvements include steel trusses, single-phase electrical, plumbing, and gas services, as well as electrical workstations and air compressor lines. The warehouse has two overhead electrical doors sized 14 x 12 and 10 x 8, plus a large attic for additional storage. The front of the building includes two separate conditioned office spaces.
The property is identified as being zoned General Comm and is described as conveniently located near I-70 & 135. Ample on and off-street parking is available.
The building is supported by steel trusses and includes the conditioned office areas at the front, with loading through the two overhead doors and storage supported by the attic space.
The property is identified as being zoned General Comm and is described as conveniently located near I-70 & 135. Ample on and off-street parking is available.
The building is supported by steel trusses and includes the conditioned office areas at the front, with loading through the two overhead doors and storage supported by the attic space.
Key Highlights
- Prime location near I‑70 & I‑135 with Commercial/Industrial zoning.
- 5,500 sq. ft. heated warehouse space.
- Relatively new TPO roof with steel trusses and transferrable warranty.
Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $38.3k | $6.96 |
| − Vacancy | −$2.6k | −$0.47 |
| EGI | $35.7k | $6.49 |
| − OpEx | −$12.5k | −$2.27 |
| NOI | $23.2k | $4.22 |
5,500 SF · lease $6.96/SF/yr · vacancy 6.80% · expense 35.00%
Alternative Uses
Best Use
Office B
$895.2K
$783.3K – $1.04M
NOI $62,661 @ 7.0% cap · market cap 23.21%
Second Best
Warehouse
$432.3K
$378.3K – $504.3K
NOI $30,260 @ 7.0% cap · market cap 11.21%
Theoretical Best
Multifamily LT 5
$57.39M
$50.22M – $66.96M
NOI $4,017,501 @ 7.0% cap · market cap 1,487.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Flex space - Steel and concrete warehouse includes two overhead doors, conditioned front offices, and parking on and off site.
Where is this flex space located?
The property is located at 831 N 8th St Salina, KS.
What is the asking price?
The asking price for this property is $270,000.
What are key features of this property?
This property features: Prime location near I‑70 & I‑135 with Commercial/Industrial zoning.; 5,500 sq. ft. heated warehouse space.; Relatively new TPO roof with steel trusses and transferrable warranty.
