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

    000 W 48th St Hays, KS 67601

    View on Map
    Claim this Listing
    For Sale
    $426,500

    Lot - Hays, KS

    Lot size:
    8.50 Acres
    Added:
    Jul 6, 2023
    Days on Market:
    1030
    Last Refresh:
    Apr 30 at 8:06 am

    Property Features for 000 W 48th St

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    A-l
    Standard status
    Active
    Lot size
    8.50 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Michael Downing
    Michael Downing

    Listing agent Michael Downing License #00233269

    Listing office REMAX Pro 1222 E. 27th Street, Hays, KS

    Listing date Jul 6, 2023

    MLS# 202518 Listing URL

    Copyright © 2026 Western 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

    Commercial Land Near Walmart, Hays

    This 8.5-acre commercial land is located just North of Walmart and Carrico Implement in Hays, KS. Zoned industrial, the property is suitable for a variety of uses. Its location provides easy access to I-70 and Highway 183. The property can be purchased with an additional 8.5 acres to the East, creating a total of 17 acres. This location is suitable for business growth.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Hays
    County
    Ellis
    State
    Kansas
    Longitude
    -99.322167
    Latitude
    38.907659

    Nearby Similar for Sale

    • $365,000

      Remodeled Office Building on Main

      Commercial building with remodeled interior, natural light, and ample parking.
      1400 Main, Hays, KS 67601
      View Details
    • $398,000

      Updated Office Space For Sale

      Prime office space with updated interiors on high traffic street.
      1301 Pine, Hays, KS 67601
      View Details
    • $160,000

      Hays Office with Meeting Room

      Office space with large offices, waiting room, and meeting room.
      132 W 9th, Hays, KS 67601
      View Details
    • $75,000

      Hays Warehouse and Retail Space

      12,972 sq ft warehouse/retail space on railroad property.
      1001 Vine Street, Hays, KS 67601
      View Details
    • $210,000

      Remodeled Retail Space in Hays

      Versatile remodeled retail space suitable for various business ventures.
      3003 Hall, Hays, KS 67601
      View Details
    • $220,000

      Hays Fourplex with Additional Rental

      Two-story rental property with four units and additional house.
      200 E 17th, Hays, KS 67601
      View Details
    • $2,450,000

      Prime Location in Hays, Kansas

      Excellent location for various businesses in the heart of Hays.
      4240 Vine, Hays, KS 67601
      View Details
    • $3,800

      Hays Warehouse with High Walls

      Rare warehouse space in Hays with semi access.
      2733 Augusta, Hays, KS 67601
      View Details
    • $375,000

      Hays Warehouse with Shop Space

      Warehouse with office, storage, bathroom, and shop space.
      1303 Golden Belt, Hays, KS 67601
      View Details
    • $195,000

      Hays Duplex with Studio Apartment

      Duplex with detached studio, new roof, garage, fenced yard.
      606 E 16th, Hays, KS 67601
      View Details
    • $59,000

      Hays Homesites in Tallgrass Addition

      Residential lots in Hays, close to amenities and medical services.
      0 E 20th St, Hays, KS 67601
      View Details
    • $149,000

      Hays Duplex with Rental Units

      Duplex in Hays, KS with high occupancy rental potential.
      1503 Montgomery, Hays, KS 67601
      View Details

    FAQs

    What type of property is this?
    Commercial land - Prime commercial land with industrial zoning, near I-70 and Highway 183.
    Where is this commercial land located?
    The property is located at 000 W 48th St Hays, KS.
    What is the asking price?
    The asking price for this property is $426,500.
    What are key features of this property?
    This property features: Prime commercial ground location.; Zoned industrial, suitable for various needs.; Easy access to I‑70 and Highway 183.
    (785) 249-2134
    We can help!
    Listing Contact
    Michael Downing
    Michael Downing
    Real Estate License ID: 00233269
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!