Occupied Retail Strip
New
For Sale
$1,350,000
200 N Main Street, Haysville, KS 67060
Main Street retail center anchored by McDonald’s, with a fully occupied tenant roster.
Property Size9,080 SF
Price / SF$148.68
Days on Market4
Property Features for 200 N Main Street
General Information
Standard status
Active
Size
9,080 SF
Property subtype
Retail
Occupancy
100%
Financials
Asking Price
$1,350,000
Cap Rate
6.72%
Additional Details
Anchor Co-Tenants
McDonalds'
Building Details
Building Size
9,080 SF
Year Built
2007
Listing Agency:
NAI Martens
Listed By:
Trevor Stacy, CCIM · License #00244816
(316) 613-2449
Source:
Naimartens
Added: Sep 18
Last Checked: Sep 21 at 4:59AM
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 NAI Martens
Investment Insights
Based on property information with market context.
Built in 2007, this 9,080-square-foot retail strip center is positioned along Main Street in Haysville, Kansas. The north end is anchored by McDonald’s, and the property is reported as 100% occupied.
Area users include Dollar General, O’Reilly Auto Parts, Bionic Burger, True Value Hardware, Pizza Hut, Emprise Bank, and Golden Plains Credit Union. The property is located at 200 N. Main Street, Haysville, KS 67060, and carries a reported 6.72% cap rate. A rent roll is available upon request.
Area users include Dollar General, O’Reilly Auto Parts, Bionic Burger, True Value Hardware, Pizza Hut, Emprise Bank, and Golden Plains Credit Union. The property is located at 200 N. Main Street, Haysville, KS 67060, and carries a reported 6.72% cap rate. A rent roll is available upon request.
Key Highlights
- 9,080 SF retail strip center at 200 N. Main Street, Haysville, KS 67060
- 100% occupied tenant roster
- McDonald’s anchors the north end of the center
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
$97,377
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
7.21%
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%
$1,947,540
$1.9M
Cap Rate 7%
$1,391,100
$1.4M
Cap Rate 9%
$1,081,967
$1.1M
Market Conditions
NOI Build-Up for 9,080 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
$164.5K $18.12/SF
− Vacancy
−$25.4K −$2.80/SF
EGI
$139.1K $15.32/SF
− OpEx
−$41.7K −$4.60/SF
NOI
$97.4K $10.72/SF
Area
Sedgwick County, KS
Vacancy
15.45%
Lease Rate
$18.12 /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%
$1,947,540
Cap Rate 7%
$1,391,100
Cap Rate 9%
$1,081,967
Alternative Uses
Best Use
Retail
$1.39M
$1.22M – $1.62M
NOI $97,377 @ 7.0% cap · market cap 7.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.89M
$1.66M – $2.21M
NOI $132,477 @ 7.0% cap · market cap 9.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
275
Businesses Nearby
48k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 57%
Dining 39%
Home Improvements & Furnishings 4%
McDonald's
Dining
14,603 visits/mo
0.1 miles
Dollar General
Shops & Services
10,007 visits/mo
0.1 miles
Dollar Tree
Shops & Services
9,246 visits/mo
0.2 miles
O'Reilly Auto Parts
Shops & Services
4,406 visits/mo
0.1 miles
El Azteca
Dining
2,251 visits/mo
0.2 miles
Demographics for 67060, KS
13,860
Population
5,459
Households
2.5
Avg Household Size
38
Median Age
19%
College-Educated
93%
High-School Grad
28.0 sq mi
ZIP Area
495
Density / Sq Mi
$74,911
Median Household Income
$44,337
Median Earnings
$965
Median Rent
$165,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Strip mall - Main Street retail center anchored by McDonald’s, with a fully occupied tenant roster.
Where is this strip mall located?
The property is located at 200 N Main Street Haysville, KS.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: 9,080 SF retail strip center at 200 N. Main Street, Haysville, KS 67060; 100% occupied tenant roster; McDonald’s anchors the north end of the center
