Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3003 Anderson Ave Manhattan, KS 66503

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

    Pad sites for rent in a high-traffic Manhattan location.

    Lot size:
    1.00 Acre

    Property Features for 3003 Anderson Ave

    General Information

    Lot size
    1.00 Acre

    We can help!

    Listing Contact
    Luke Neville
    Luke Neville
    Source: Moodyscre

    Listing Agent: Luke Neville

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

    Learn more

    Property Insight Report

    Overview

    Manhattan Pad Sites Available

    Pad sites are available for rent in a high-traffic area on the west side of Manhattan. The location offers great access and visibility. It is situated in close proximity to Kansas State University, which has over 20,000 students, and Fort Riley, which has approximately 15,000 active-duty service members. This infill location presents a promising opportunity.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Konza Law LLC Attorney My Salon Beauty Salon Mcculley Dan M Lawyer S & S Development ... Real Estate Developer

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Manhattan
    County
    Riley
    State
    Kansas
    Longitude
    -96.6126423
    Latitude
    39.1886146

    Nearby Similar for Lease

    • $18 SF/Yr
      2,100 SF

      Retail Space in Skyview Commons

      Highly visible retail space in a Walmart shadow-anchored center.
      900 Hayes Dr, Manhattan, KS 66502
      View Details
    • $18 SF/Yr
      22,671 SF

      Skyview Commons Retail Space

      Walmart-shadowed office suite available.
      900 Hayes Dr, Manhattan, KS 66502
      View Details
    • Contact for pricing
      3,400 SF

      Retail Space in Community Center

      Retail spaces and drive-thru building available for lease.
      320 Southwind Pl, Manhattan, KS 66503
      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

    FAQs

    What type of property is this?
    Land - Pad sites for rent in a high-traffic Manhattan location.
    Where is this land located?
    The property is located at 3003 Anderson Ave Manhattan, KS.
    What are key features of this property?
    This property features: - Great infill location on the West Side of Manhattan; - Close proximity to Kansas State University (20,000+ students); - Close proximity to Fort Riley (15,000 active-duty service members)
    (816) 561-5111
    Request Owner's contact information
    3003 Anderson Ave 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.
    3003 Anderson Ave
    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
    3003 Anderson Ave 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
    Luke Neville
    Luke Neville
    (816) 561-5111
    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.