Standalone NNN Office
For Sale
Contact for pricing
2310 Anderson Avenue, Manhattan, KS 66502
Standalone professional office building leased under a triple-net structure.
Property Size2,460 SF
Price / SF$202.85
Days on Market166
Property Features for 2310 Anderson Avenue
General Information
Standard status
Active
Size
2,460 SF
Property subtype
Office
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$42,000
Building Details
Year Built
1970
Stories
1
Units
1
Tenancy
Single
Listing Agency:
Kansas Commercial Real Estate Services Inc
Listed By:
Brady Lundeen · License #00234800
(785) 272-2525
Source:
Crexi
Added: May 5
Changed: Oct 16
Last Checked: Oct 16 at 8:29AM
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 Kansas Commercial Real Estate Services Inc
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This standalone professional office building contains 2,460 square feet and was constructed in 1970. The property is fully leased to Advena Group, providing an established office occupancy within a dedicated commercial building.
The lease is structured as NNN, placing the property within a defined triple-net operating framework. Located at 2310 Anderson Avenue in Manhattan, Kansas, the asset is positioned in the West-Central Manhattan area and is offered for sale.
The lease is structured as NNN, placing the property within a defined triple-net operating framework. Located at 2310 Anderson Avenue in Manhattan, Kansas, the asset is positioned in the West-Central Manhattan area and is offered for sale.
Key Highlights
- 2,460‑square‑foot standalone professional office building
- Constructed in 1970
- Fully leased to Advena Group
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,790
Cap Rate
7.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$755,800
$755.8K
Cap Rate 7%
$539,857
$539.9K
Cap Rate 9%
$419,889
$419.9K
Market Conditions
NOI Build-Up for 2,460 SF
Gross rent
$56.7K $23.04/SF
− Vacancy
−$6.3K −$2.56/SF
EGI
$50.4K $20.48/SF
− OpEx
−$12.6K −$5.12/SF
NOI
$37.8K $15.36/SF
Area
Riley County, KS
Vacancy
11.10%
Lease Rate
$23.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$755,800
Cap Rate 7%
$539,857
Cap Rate 9%
$419,889
Alternative Uses
Best Use
Office B
$539.9K
$472.4K – $629.8K
NOI $37,790 @ 7.0% cap · market cap 7.57%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$563.0K
$492.6K – $656.8K
NOI $39,407 @ 7.0% cap · market cap 7.90%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
842
Businesses Nearby
Explore this area
Business Placement
Demographics for 66502, KS
44,384
Population
20,700
Households
2.1
Avg Household Size
28
Median Age
46%
College-Educated
95%
High-School Grad
221.7 sq mi
ZIP Area
200
Density / Sq Mi
$52,363
Median Household Income
$22,091
Median Earnings
$953
Median Rent
$217,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - Standalone professional office building leased under a triple-net structure.
Where is this office building located?
The property is located at 2310 Anderson Avenue Manhattan, KS.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: 2,460‑square‑foot standalone professional office building; Constructed in 1970; Fully leased to Advena Group
