Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Converted Church Single Family Home Title is generated by Realmo AI

    625 North 3rd Street Unit 3, Arkansas City, KS 67005

    View on Map
    Claim this Listing
    For Sale
    $70,000

    Church converted to single-family home with potential.

    Type:Multi-Family / Triplex
    Property size:
    4,068 SF
    Price / SF:
    $17/SF
    Added:
    May 14, 2019
    Days on Market:
    2579
    Last Refresh:
    Mar 13 at 10:04 am

    Property Features for 625 North 3rd Street Unit 3

    General Information

    Standard status
    Active
    Size
    4,068 SF
    Property subtype
    Multi-Family / Triplex

    Building Details

    Year Built
    1930

    We can help!

    Listing Contact
    Jose Esparza-Moreno

    Listing agent Jose Esparza-Moreno License #00241358

    Listing office Berkshire Hathaway PenFed Realty

    Listing date May 14, 2019

    Source Compass

    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 Berkshire Hathaway PenFed Realty

    HighLights

    • Unique converted church property offering a blank canvas for customization.
    • Two‑story home with separate electric service meters and HVAC systems.
    • New windows and a 50‑year roof (replaced in 2018).
    • Updated HVAC (2017) and water heater (2018).
    • Main level features 2 bedrooms, an office, 1 bath, and a full basement with laundry.
    • Upper level includes 2 bedrooms, an office loft, a kitchen, and a bathroom.

    Overview

    This property is a converted church now functioning as a single-family home, presenting significant potential. The structure includes a large, open church area ready for customization. The rear section of the building is configured as a two-story home, equipped with separate electric service meters, hot water tanks, and HVAC systems for each level. The main level features two bedrooms, an office, a bathroom, and a full basement with laundry facilities. The upper level includes two bedrooms, an office loft, a kitchen, and a bathroom. The property has new windows and a 50-year roof installed in 2018, along with an HVAC system from 2017 and a water heater from 2018. The building has four exterior doors.
    Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Arkansas City
    County
    Cowley
    State
    Kansas
    Longitude
    -97.0430872
    Latitude
    37.0692565

    Nearby Similar for Sale

    • $149,900
      2,280 SF

      Arkansas City Duplex: Investor Opportunity

      Well-maintained duplex with strong rental income potential in Arkansas City.
      308 E 5th Ave, Arkansas City, KS 67005
      View Details
    • $149,900
      2,280 SF

      Arkansas City Duplex: Investor Opportunity

      Well-maintained duplex with income potential in a convenient location.
      308 East 5th Ave, Arkansas City, KS 67005
      View Details
    • $365,000
      6,720 SF

      Arkansas City Storage Facility For Sale

      Self-storage facility with expansion potential in Arkansas City, Kansas.
      500 S G St, Arkansas City, KS 67005
      View Details
    • $365,000
      6,720 SF

      Arkansas City Storage Facility For Sale

      Self-storage facility with expansion potential in Arkansas City, Kansas.
      500 S G St, Arkansas City, KS 67005
      View Details
    • $99,900
      1,792 SF

      Fully Occupied Duplex Investment Opportunity

      Turnkey duplex with long-term tenants, generating immediate rental income.
      615 N 2nd, Arkansas City, KS 67005
      View Details
    • $625,000

      New Gas Station Ground Lease

      New gas station in Arkansas City retail corridor for sale.
      2504 N Summit St, Arkansas City, KS
      View Details
    • $2,860,000
      40,260 SF

      Retail Center with National Tenants

      Fully leased retail center with long-term national tenant leases.
      2013 N Summit St, Arkansas City, KS 67005
      View Details
    • $300,000
      8,000 SF

      Established Bar and Restaurant Space

      Equipped bar and restaurant space near medical campus.
      2411 N Summit St, Arkansas City, KS
      View Details
    • $175,000

      Versatile Building on Large Lot

      Well-maintained building on 0.90 acres, suitable for various businesses.
      907 E Kansas Ave, Arkansas City, KS, 67005-6686
      View Details

    FAQs

    What type of property is this?
    Triplex - Church converted to single-family home with potential.
    Where is this triplex located?
    The property is located at 625 North 3rd Street Unit 3 Arkansas City, KS.
    What is the asking price?
    The asking price for this property is $70,000.
    What are key features of this property?
    This property features: Unique converted church property offering a blank canvas for customization.; Two‑story home with separate electric service meters and HVAC systems.; New windows and a 50‑year roof (replaced in 2018).
    We can help!
    Listing Contact
    Jose Esparza-Moreno
    Real Estate License ID: 00241358
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    625 North 3rd Street, Unit 3, Arkansas City, KS 67005
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!