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    Commercial Building in Perry, Kansas Title is generated by Realmo AI

    203 E Front St, Perry, KS 66073

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    For Sale
    $184,299

    COMMERCIAL - Perry, KS

    Property size:
    2,818 SF
    Price / SF:
    $65/SF
    Added:
    Mar 11, 2026
    Days on Market:
    64
    Last Refresh:
    May 13 at 11:06 pm

    Property Features for 203 E Front St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    C-2 Commercial,I-1 Light
    Parking
    4
    Parking features
    On Street
    Standard status
    Active
    APN
    R13703
    Size
    2,818 SF

    Taxes and HOA fees

    Tax Annual Amount
    3921

    Utilities

    Utilities
    Natural Gas Available
    Sewer type
    Public Sewer
    Heating system
    Central, Natural Gas
    Water source
    Public

    Building Details

    Floors in Building
    1
    Flooring type
    Concrete
    Roof type
    Flat

    We can help!

    Listing Contact
    Randy Hubbard

    Listing agent Randy Hubbard License #SP00054588

    Listing office Town & Country Real Estate 313 Jefferson St, Oskaloosa, KS

    Listing date Mar 11, 2026

    MLS# 243396

    Copyright © 2026 Sunflower Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Versatile 2818 sq. ft. main section with roll‑up doors on both ends for drive‑through capability
    • Includes a functional inside car lift
    • Additional 720 sq. ft. of office space with 2 cubicles, restroom, and waiting area
    • 625 sq. ft. of warehouse storage with concrete floor and roll‑up door
    • Located on Main Street in Perry, KS
    • Concrete flooring throughout the main section and warehouse

    Overview

    This commercial building is located on Main Street in Perry, Kansas. The main section of the building offers 2818 square feet of open space with roll-up doors on both ends, facilitating drive-through access. It features a concrete floor and an included car lift. An attached smaller section includes 720 square feet of office space, complete with two cubicles, a restroom, and a waiting area. Behind the office space is a 625-square-foot warehouse storage area, featuring an open room with a concrete floor and a roll-up door for accessibility. The property is zoned C-2 Commercial and I-1 Light, making it suitable for a variety of uses. The building's open layout and roll-up doors make it potentially suitable for businesses such as a tire shop, automotive repair, inside storage units, a flower shop, or an auto parts store.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Standard Tire & Automotive (Bike/Boat/Book/etc) Store Standard Towing Auto Repair Shop

    Suggested Use

    Restaurant Building Supply Big Box & Wholesale Store Auto Repair Shop Gym & Fitness Center Food Market Storage Facility Bar & Pub Garden Center Grocery & Convenience Store

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

    Similar Places Nearby

    • Standard Tire & Automotive — 203 E Front St, Perry, KS 66073
    • Worthington's — 313 E Front St~ ACROSS FROM ELEVATOR, 313 E Front St, Perry, KS 66073
    • Standard Towing — 203 E Front St, Perry, KS 66073

    Location Insight

    • Map
    • Local Demand
    City
    Perry
    County
    Jefferson
    State
    Kansas
    Longitude
    -95.393609
    Latitude
    39.073383

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    • $400,000
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      Retail Property in Perry, Kansas

      Retail property available for sale in Perry, Kansas.
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    FAQs

    What type of property is this?
    Auto shop - Versatile commercial building suitable for various business types.
    Where is this auto shop located?
    The property is located at 203 E Front St Perry, KS.
    What is the asking price?
    The asking price for this property is $184,299.
    What are key features of this property?
    This property features: Versatile 2818 sq. ft. main section with roll‑up doors on both ends for drive‑through capability; Includes a functional inside car lift; Additional 720 sq. ft. of office space with 2 cubicles, restroom, and waiting area
    (785) 393-3191
    We can help!
    Listing Contact
    Randy Hubbard
    Real Estate License ID: SP00054588
    Learn More
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    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
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