Leavenworth Investment Property For
For Sale
Contact for pricing
Pending
1100 N 4th St, Leavenworth, KS 66048
Two-tenant, net-leased property with corporate guarantees in Leavenworth, Kansas.
Property Size7,303 SF
Days on Market807
Property Features for 1100 N 4th St
General Information
Standard status
Pending
Size
7,303 SF
Total Parking Spaces
86
Property subtype
Office
Zoning
PUD: Planned Unit Development
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$174,036
Building Details
Year Built
2002
Year Renovated
2020
Stories
1
Units
2
Tenancy
Multi
Listing Agency:
SRS Real Estate Partners Newport Beach
(248) 688-0630
Listed By:
Frank Rogers · License #MI 6502417063
Source:
Crexi
Added: Jun 6, 2024
Changed: Aug 19
Last Checked: Aug 20 at 7:07PM
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 SRS Real Estate Partners Newport Beach
Investment Insights
Based on property information with market context.
This two-tenant, net-leased property is located in Leavenworth, Kansas, within the Kansas City MSA. The property is occupied by NextCare and Booz Allen Hamilton, both with corporate guarantees. The tenants have a weighted average lease term of 3.2 years remaining, with additional option periods. The leases include annual rental increases throughout the initial term and option periods. The tenants reimburse CAM, taxes, and insurance. NextCare operates over 170 facilities in 12 states. Booz Allen Hamilton provides consulting, analysis, and engineering services. The building was previously occupied by a regional credit union and has been redeveloped with a new facade and demised into two entrances. The tenants invested over $600,000 into their respective buildouts. The property is located at the corner of N. 4th Street and Metropolitan Avenue, with 28,600 combined vehicles passing by daily. The site has two pylon signs. It is near Centennial Bridge, a primary route to Kansas City. NextCare is one of only three urgent care facilities in Leavenworth. The site is directly across from Fort Leavenworth, a United States Army installation with 1,000 buildings and over 14,100 personnel. The property is within walking distance of Santa Fe Trail Apartments (48 units) and The Station Lofts at the Riverfront (148 units). The 5-mile trade area has more than 42,100 residents and 18,300 daytime employees with an average household income of $88,944. The property size is 7,303 square feet.
Key Highlights
- Two‑tenant net leased property with corporate guarantees from NextCare and Booz Allen Hamilton (S&P: BBB-)
- Rare annual rental increases in both leases, providing growing NOI and inflation hedging
- Strategic location at a signalized hard corner with high traffic (28,600 vehicles per day) and excellent visibility via two pylon signs
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$100,562
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.48%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,011,240
$2.0M
Cap Rate 7%
$1,436,600
$1.4M
Cap Rate 9%
$1,117,356
$1.1M
Market Conditions
NOI Build-Up for 7,303 SF
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.
Gross rent
$157.7K $21.60/SF
− Vacancy
−$23.7K −$3.24/SF
EGI
$134.1K $18.36/SF
− OpEx
−$33.5K −$4.59/SF
NOI
$100.6K $13.77/SF
Area
Leavenworth County, KS
Vacancy
15.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,011,240
Cap Rate 7%
$1,436,600
Cap Rate 9%
$1,117,356
Alternative Uses
Best Use
Office B
$1.44M
$1.26M – $1.68M
NOI $100,562 @ 7.0% cap · market cap 4.48%
Second Best
Healthcare Medical
$1.38M
$1.21M – $1.61M
NOI $96,750 @ 7.0% cap · market cap 4.31%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
218
Businesses Nearby
Explore this area
Business Placement
Demographics for 66048, KS
36,628
Population
15,237
Households
2.4
Avg Household Size
39
Median Age
31%
College-Educated
92%
High-School Grad
135.5 sq mi
ZIP Area
270
Density / Sq Mi
$71,520
Median Household Income
$40,702
Median Earnings
$954
Median Rent
$203,700
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Two-tenant, net-leased property with corporate guarantees in Leavenworth, Kansas.
Where is this office building located?
The property is located at 1100 N 4th St Leavenworth, KS.
What is the asking price?
The asking price for this property is $2,245,632.
What are key features of this property?
This property features: Two‑tenant net leased property with corporate guarantees from NextCare and Booz Allen Hamilton (S&P: BBB-); Rare annual rental increases in both leases, providing growing NOI and inflation hedging; Strategic location at a signalized hard corner with high traffic (28,600 vehicles per day) and excellent visibility via two pylon signs
