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Property profile & analytics
FOR SALE
Office buildings
725 N Main St Newton, KS 67114
Entity Owned
Free & Clear
Property ID
US33-0083981
For Sale
1 / 36
$600,000
725 N Main St, Newton, KS 67114
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Property summary
AI-generated overview
This stunning 5,329 square foot office building, situated on a 0.43-acre lot at 725 N Main St in Newton, KS, presents a unique investment opportunity. Built in 1910, this historically significant property served as the town's original post office. The building boasts exquisite architectural details and exceptional craftsmanship, reflecting its rich heritage. The main level offers several generously sized offices, perfect for a variety of professional uses, complemented by three bathrooms and a formal conference room suitable for meetings and presentations. A large entertainment hall provides versatile space for events or creative adaptations. The expansive basement offers substantial storage capacity and potential for customization to meet specific needs. This property represents a rare chance to acquire a distinguished and adaptable building in the heart of Newton, blending historical charm with modern functionality. The asking price is $600,000. This is an exceptional opportunity for a discerning buyer seeking a landmark property with significant potential.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1935
Construction
FRAME
Total area
5,278 SF
Lot
0.43 ac (18,731 SF)
Zoning code
C-3
APN
094-17-0-20-31-001.00-0
UPID
US33-0083981
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
CornerStone Law, LLC Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$597k
Blend (final)
Blend
$630k
Owner & transaction history
CORNERSTONE LAW LLC
CORNERSTONE LAW LLC
Zoning & alternative use
C-3 · Newton, KS
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$690,000
+23.2%
Auto repair, garage
$580,000
+3.7%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Newton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Newton submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$560,000
Current use
RESTAURANT
$690,000
Change: +23% · Conversion: Moderate
AUTO REPAIR, GARAGE
$580,000
Change: +4% · Conversion: Difficult
MEDICAL BUILDING
$470,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$630k
Range $567k – $693k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$119 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$17,462
Tax year 2022
Assessed value
$99,885
Assessed 2023
Previous assessed
$99,885
+0.0% YoY
Effective rate
17.48%
On assessed value
Assessed land
$5,345
Assessed improvement
$94,540
Land market value
$21,380
Improvement market value
$378,160
Total market value
$399,540
Applied tax rate
4.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
For Sale
Year built
1935
Construction
FRAME
Heating
YES
Cooling
YES
Stories
1
Total area
5,278 SF
Lot
0.43 ac (18,731 SF)
Zoning code
C-3
APN
094-17-0-20-31-001.00-0
UPID
US33-0083981
Jurisdiction
HARVEY
Zoning & alternative use
C-3 · Newton, KS
Zoning C-3 · permitted uses
C-3 · Newton, KS
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Newton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$560,000
RESTAURANT
Est. value
$690,000
AUTO REPAIR, GARAGE
Est. value
$580,000
MEDICAL BUILDING
Est. value
$470,000
OFFICE BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1935
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Lot
0.43 ac
Current owner
From public records · entity-resolved
CORNERSTONE LAW LLC
Entity
Free & Clear · 0 yrs held
Mailing address
725 N MAIN ST, NEWTON, KS 67114-1805
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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