Building Details

Year Built 1978

Listing Agency: Coldwell Banker Commercial-Griffith & Blair s***@cbckansas.com Show Phone

Listed By: Scott Boling · License #422002683

Source: Urbancoolkc

Added: Jul 14 Changed: Aug 30 Last Checked: Aug 25 at 5:47AM

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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 Coldwell Banker Commercial-Griffith & Blair

Investment Insights

Based on property information with market context.

This automotive repair property at 200 Main St in Maple Hill, KS, includes more than 6,000 square feet of heated shop space. The facility is equipped with multiple auto lifts, a digital wheel alignment rack, tools, and repair equipment. The listed inclusions also cover the shop’s tools, lifts, and other repair equipment.

The sale includes an established towing business and a NAPA Auto Parts authorized designation. Current parts inventory is excluded from the list price, with final inventory valuation to be determined by the buyer and seller at closing. Built in 1978, the property combines repair-shop improvements with automotive parts and towing operations.

Key Highlights

• More than 6,000 square feet of heated functional shop space
• Multiple auto lifts and a digital wheel alignment rack
• Tools, lifts, and repair equipment included

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

$34,776

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

6.62%

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%

$695,520 $695.5K

Cap Rate 7%

$496,800 $496.8K

Cap Rate 9%

$386,400 $386.4K

Market Conditions

NOI Build-Up for 6,000 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

$54.0K $9.00/SF

− Vacancy

−$4.3K −$0.72/SF

EGI

$49.7K $8.28/SF

− OpEx

−$14.9K −$2.48/SF

NOI

$34.8K $5.80/SF

Area

Wabaunsee County, KS

Vacancy

8.00%

Lease Rate

$9.00 /SF/Yr

Expense Ratio

30.00%

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%

$695,520

Cap Rate 7%

$496,800

Cap Rate 9%

$386,400

Alternative Uses

Best Use

Retail

$496.8K

$434.7K – $579.6K (±1% cap)

NOI $34,776 @ 7.0% cap · market cap 6.62%

Second Best

Industrial

$119.2K

$104.3K – $139.1K (±1% cap)

NOI $8,346 @ 7.0% cap · market cap 1.59%

Theoretical Best

Self Storage

$676.8K

$592.2K – $789.6K (±1% cap)

NOI $47,376 @ 7.0% cap · market cap 9.02%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Maple Hill Truck ... Auto Repair Shop

Suggested Use

Top Pick Electrical Service Auto Repair Shop Storage Facility Furniture & Home Goods Carpet & Flooring Store Computer & Electronic Repair

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business

Opportunity

Location Intelligence

Trade Area within ½ mile

29

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 66507, KS

1,227

Population

489

Households

2.5

Avg Household Size

37

Median Age

38%

College-Educated

96%

High-School Grad

92.2 sq mi

ZIP Area

13

Density / Sq Mi

$86,681

Median Household Income

$40,068

Median Earnings

$1,069

Median Rent

$208,600

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Questions? Ask Rey

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What type of property is this? Where is this auto shops located? What is the asking price? Find similar properties ... What are key features of this property?

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Similar Off Market Nearby

• Maple Hill Truck and Auto — 200 Main St, Maple Hill, KS 66507

Frequently Asked Questions

What type of property is this?

Auto shop - Heated automotive service facility with multiple lifts, towing operations, and a NAPA Auto Parts designation.

Where is this auto shop located?

The property is located at 200 Main St Maple Hill, KS.

What is the asking price?

The asking price for this property is $525,000.

What are key features of this property?

This property features: More than 6,000 square feet of heated functional shop space; Multiple auto lifts and a digital wheel alignment rack; Tools, lifts, and repair equipment included