Equipped Transmission Auto
For Sale
$1,100,000
2333 Skyvue Ln, Manhattan, KS 66502
Includes a transmission business, specialty equipment, inventory, and dedicated office areas.
Property Size4,000 SF
Price / SF$275
Days on Market13
Property Features for 2333 Skyvue Ln
General Information
Standard status
Active
Size
4,000 SF
Additional Details
Business Included
Yes
Service Bays
3
Taxes and HOA fees
Annual Taxes
$11,724
Amenities
climate controlled shop
LED lighting
loft storage areas
reception lobby
office
break room
restrooms
updated windows
shed
Building Details
Buildings
2
Listing Agency:
Kansas Best LLC
(785) 556-3599
Listed By:
Thomas Greening
(785) 556-3599
Source:
Exprealty
Added: Jul 30
Changed: Aug 10
Last Checked: Aug 10 at 5:47AM
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 Best LLC
Investment Insights
Based on property information with market context.
Located in Manhattan, Kansas, this offering combines an established transmission business with its 4000 sq ft. building and operating equipment. The climate-controlled shop has central heat and air, two lifts, a drive-over pit, an industrial air compressor, LED lighting, two loft storage areas, and a 27x16 shed. Included equipment includes specialty tools, a hot water-based cleaning tank, flywheel turning machine, steel work benches, shelving, storage bins, and inventory.
The building also provides a reception lobby, office, break room, and two restrooms. Updated windows support the office area, while the central heat and air system is appx. 2 yrs old. The business has operated for 42 years, and the offering includes the business name, customer base, building, shop improvements, equipment, specialty tools, and inventory.
The building also provides a reception lobby, office, break room, and two restrooms. Updated windows support the office area, while the central heat and air system is appx. 2 yrs old. The business has operated for 42 years, and the offering includes the business name, customer base, building, shop improvements, equipment, specialty tools, and inventory.
Key Highlights
- Established 42‑year transmission business in Manhattan, Kansas
- 4000 sq ft. building with a 27x16 shed
- Climate‑controlled shop with central heat and air appx. 2 yrs old
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
$39,956
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
3.63%
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%
$799,120
$799.1K
Cap Rate 7%
$570,800
$570.8K
Cap Rate 9%
$443,956
$444.0K
Market Conditions
NOI Build-Up for 4,000 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
$59.5K $14.88/SF
− Vacancy
−$2.4K −$0.61/SF
EGI
$57.1K $14.27/SF
− OpEx
−$17.1K −$4.28/SF
NOI
$40.0K $9.99/SF
Area
Riley County, KS
Vacancy
4.10%
Lease Rate
$14.88 /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%
$799,120
Cap Rate 7%
$570,800
Cap Rate 9%
$443,956
Alternative Uses
Best Use
Retail
$570.8K
$499.5K – $665.9K
NOI $39,956 @ 7.0% cap · market cap 3.63%
Second Best
Industrial
$229.3K
$200.7K – $267.6K
NOI $16,054 @ 7.0% cap · market cap 1.46%
Theoretical Best
Office A
$915.4K
$801.0K – $1.07M
NOI $64,077 @ 7.0% cap · market cap 5.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Service bays
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
356
Businesses Nearby
Well-served
Demand for This Use
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
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Auto shop - Includes a transmission business, specialty equipment, inventory, and dedicated office areas.
Where is this auto shop located?
The property is located at 2333 Skyvue Ln Manhattan, KS.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Established 42‑year transmission business in Manhattan, Kansas; 4000 sq ft. building with a 27x16 shed; Climate‑controlled shop with central heat and air appx. 2 yrs old
