Downtown Retail Redevelopment
101 N Santa Fe Ave Salina, KS 67401
101 N Santa Fe Ave, Salina, KS, 67401
$550,000
For Sale
$550,000
Recently demoed retail property with 2,600+ above-grade square feet and possible usable rooftop space.
Property Size2,600 SF
Price / SF$211.54
Days on Market97
Property Features for 101 N Santa Fe Ave
General Information
- Standard status
- Active
- Size
- 2,600 SF
Listing agency
SalinaHomes
(785) 342-0935
Listed by
Jessica Decker
(785) 342-0935
Source
Exprealty
Added: Apr 16 Updated: Jul 20 at 11:33PM Checked: Jul 20 at 11:33PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SalinaHomes
Investment Insights
Based on property information with market context.
This recently demoed retail property at 101 N Santa Fe Ave in Salina is positioned for an immediate redevelopment plan. The building offers 2,600+ square feet of above-grade space, with potential for additional usable area on the rooftop.
The property is being offered for sale, and the current condition is described as ready for your vision. Prospective buyers should confirm the extent and feasibility of any rooftop usable area during due diligence.
With its existing above-grade retail footprint and possible rooftop expansion area, the site may fit buyers looking for a retail redevelopment with room to reimagine the structure’s usable space.
The property is being offered for sale, and the current condition is described as ready for your vision. Prospective buyers should confirm the extent and feasibility of any rooftop usable area during due diligence.
With its existing above-grade retail footprint and possible rooftop expansion area, the site may fit buyers looking for a retail redevelopment with room to reimagine the structure’s usable space.
Key Highlights
- Recently demoed retail property in downtown Salina
- 2,600+ sq ft of above‑grade space
- Possible additional usable rooftop area
Local Financial Insights For Retail
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 | $38.4k | $14.76 |
| − Vacancy | −$1.6k | −$0.62 |
| EGI | $36.8k | $14.14 |
| − OpEx | −$11.0k | −$4.24 |
| NOI | $25.7k | $9.90 |
2,600 SF · lease $14.76/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$367.6K
$321.7K – $428.9K
NOI $25,735 @ 7.0% cap · market cap 4.68%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$27.13M
$23.74M – $31.65M
NOI $1,899,182 @ 7.0% cap · market cap 345.31%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Recently demoed retail property with 2,600+ above-grade square feet and possible usable rooftop space.
Where is this retail space located?
The property is located at 101 N Santa Fe Ave Salina, KS.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Recently demoed retail property in downtown Salina; 2,600+ sq ft of above‑grade space; Possible additional usable rooftop area
