Mixed-Use
1105 Waters Street, Manhattan, KS 66503
For Sale
Contact for pricing
Heated and cooled warehouse space includes overhead doors and floor drains.
Property Size11,250 SF
Lot Size1.66 Acres
Price / SF$195.56
Days on Market13
Property Features for 1105 Waters Street
General Information
Standard status
Size
Lot size
Property subtype
Additional Details
Clear Height
Property Use
Amenities
18' clear height
heated and cooled space
two 14' overhead doors
drains throughout the warehouse
Building Details
Building Size
Listing Agency:
ReeceNichols South Central Kansas
Listed By:
Joel Morris ALC · License KS #00229639
(316) 292-3987
Source:
Crexi
Added: Oct 29
Changed: Nov 8
Last Checked: Nov 8 at 6:10PM
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 ReeceNichols South Central Kansas
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
At 1105 Waters Street, this office and warehouse property contains 11,250 SF on 1.66 acres. The warehouse offers 18-foot clear height, heated and cooled space, two 14-foot overhead doors, and drains throughout.
The property is in a commercial corridor with retail and service businesses and residential neighborhoods nearby. The population within 3 miles is 49,313.
The property is in a commercial corridor with retail and service businesses and residential neighborhoods nearby. The population within 3 miles is 49,313.
Key Highlights
- 11,250 SF office/warehouse on 1.66 acres
- Warehouse provides 18‑foot clear height
- Heated and cooled space, with two 14‑foot overhead doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$118,969
Cap Rate
5.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,379,380
$2.4M
Cap Rate 7%
$1,699,557
$1.7M
Cap Rate 9%
$1,321,878
$1.3M
Market Conditions
NOI Build-Up for 11,250 SF
Gross rent
$202.5K $18.00/SF
− Vacancy
−$12.2K −$1.08/SF
EGI
$190.4K $16.92/SF
− OpEx
−$71.4K −$6.34/SF
NOI
$119.0K $10.58/SF
Area
Riley County, KS
Vacancy
6.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,379,380
Cap Rate 7%
$1,699,557
Cap Rate 9%
$1,321,878
Alternative Uses
Best Use
Mixed Use
$1.70M
$1.49M – $1.98M
NOI $118,969 @ 7.0% cap · market cap 5.41%
Second Best
Warehouse
$783.2K
$685.3K – $913.8K
NOI $54,827 @ 7.0% cap · market cap 2.49%
Theoretical Best
Office A
$2.57M
$2.25M – $3.00M
NOI $180,215 @ 7.0% cap · market cap 8.19%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
18 ft
Clear height
Location Intelligence
Trade Area within ½ mile
615
Businesses Nearby
Explore this area
Business Placement
Demographics for 66503, KS
16,565
Population
7,855
Households
2.1
Avg Household Size
36
Median Age
61%
College-Educated
98%
High-School Grad
83.2 sq mi
ZIP Area
199
Density / Sq Mi
$96,000
Median Household Income
$51,647
Median Earnings
$1,215
Median Rent
$325,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Heated and cooled warehouse space includes overhead doors and floor drains.
Where is this mixed-use property located?
The property is located at 1105 Waters Street Manhattan, KS.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: 11,250 SF office/warehouse on 1.66 acres; Warehouse provides 18‑foot clear height; Heated and cooled space, with two 14‑foot overhead doors
