Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    320 Southwind Pl Manhattan, KS 66503

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail spaces and drive-thru building available for lease.

    Property size:
    3,400 SF
    Lot size:
    3.11 Acres

    Property Features for 320 Southwind Pl

    General Information

    Size
    3,400 SF
    Lot size
    3.11 Acres

    We can help!

    Listing Contact
    Chris Newkirk
    Source: Moodyscre

    Listing Agent: Chris Newkirk

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Retail Space in Community Center

    This is a target-anchored 188,570 square feet community center. Retail spaces ranging from 1,660 to 3,787 square feet are available for lease, along with a 3,400 square feet freestanding drive-thru building. Small shop in-line and end cap spaces are also available. The property features a national tenant line-up, including Panera, Arby's, T-Mobile, and Verizon. It is located on the rapidly growing west side of Manhattan, in close proximity to Kansas State University with 22,000 students, and Fort Riley Army Base with 15,000 active duty personnel.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Drive through restaurants

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Manhattan
    County
    Riley
    State
    Kansas
    Longitude
    -96.605066
    Latitude
    39.174856

    Nearby Similar for Lease

    • $18 SF/Yr
      22,671 SF

      Skyview Commons Retail Space

      Walmart-shadowed office suite available.
      900 Hayes Dr, Manhattan, KS 66502
      View Details
    • $17 SF/Yr
      36,000 SF

      Manhattan Retail Gem: Aggieville Location

      High-street retail space, prime Aggieville location.
      1331 Laramie St, Manhattan, KS 66502
      View Details
    • $22 SF/Yr
      1,600 SF

      Manhattan Medical Office Space

      Prime Medical Office, 1600 sq ft, Manhattan, KS
      1213 Hylton Heights Rd, Manhattan, KS 66502
      View Details
    • Contact for pricing
      1,660 SF

      Retail Space in Community Center

      Retail spaces available in a Target-anchored community center.
      320-324 Southwind Rd, Manhattan, KS
      View Details
    • Contact for pricing
      1,165 SF

      Retail Space in High-Traffic Center

      Retail space in a redeveloped, heavily trafficked shopping center.
      1228 Westloop Pl, Manhattan, KS 66502
      View Details
    • $8 SF/Yr
      7,816 SF

      Manhattan Industrial Space for Lease

      7,816 sq ft Warehouse, Office, & More
      2720 Amherst Ave, Manhattan, KS 66502
      View Details
    • $27 SF/Yr
      7,600 SF

      Manhattan Executive Office Suites

      Prestigious Office Space, Grand Mere Location
      2029 Vanesta Pl, Manhattan, KS 66503
      View Details
    • Contact for pricing
      22,000 SF

      Retail Center in High-Traffic Area

      Retail center with high traffic, close to university and army base.
      1100-1150 Westloop Pl, Manhattan, KS 66502
      View Details
    • Contact for pricing
      5,058 SF

      Retail Space in High-Traffic Center

      Retail space in a redeveloped, heavily trafficked shopping center.
      1310-1346 Westloop Pl, Manhattan, KS 66502
      View Details
    • Contact for pricing
      60,733 SF

      Retail/Office Suites Inside Dillons

      In-store retail and office suites available within Dillons Grocery Stores.
      130 Sarber Ln, Manhattan, KS 66502
      View Details
    • Contact for pricing
      22,000 SF

      Manhattan Retail Space For Rent

      Prime Manhattan retail location anchored by major retailers.
      1090 Westloop Pl, Manhattan, KS 66502
      View Details
    • Contact for pricing
      60,733 SF

      Retail Suites Inside Dillons Stores

      In-store retail suites available within Dillons Grocery Stores.
      Manhattan, KS 66502
      View Details

    FAQs

    What type of property is this?
    Shopping mall - Retail spaces and drive-thru building available for lease.
    Where is this shopping mall located?
    The property is located at 320 Southwind Pl Manhattan, KS.
    What are key features of this property?
    This property features: - Target-anchored community center; - Located on the rapidly growing west side of Manhattan; - Close proximity to Kansas State University and Fort Riley Army Base
    (816) 531-5303
    Request Owner's contact information
    320 Southwind Pl Manhattan, KS 66503
    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.
    320 Southwind Pl
    Manhattan, KS 66503
    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
    320 Southwind Pl Manhattan, KS 66503
    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

    We can help!
    Listing Contact
    Chris Newkirk
    Real Estate License ID: 00227979
    (816) 531-5303
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.