Haysville Retail Strip Center For
For Sale
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240 N Main St, Haysville, KS 67060
Three-tenant retail strip center in Haysville, Kansas.
Property Size3,840 SF
Price / SF$214.84
Days on Market155
Property Features for 240 N Main St
General Information
Standard status
Active
Size
3,840 SF
Class
B
Property subtype
Retail
Zoning
D-Light Commercial
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$63,656
Building Details
Year Built
2008
Buildings
1
Stories
1
Units
3
Tenancy
Multi
Listing Agency:
NAI Martens
(316) 262-0000
Listed By:
Troy Farha · License #KS SP00218666
Source:
Crexi
Added: Mar 10
Changed: Aug 8
Last Checked: Aug 8 at 2:44PM
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.
Located at 240 N. Main Street in Haysville, Kansas, this retail strip center encompasses 3,840 square feet and houses three tenants. Constructed in 2008, the building features a steel frame with brick veneer and a well-maintained exterior. The property provides over 30 parking spaces and monument signage. Visibility is enhanced by its location on N. Main St./S. Seneca, with approximately 8,675 vehicles passing by daily. The center includes a restaurant tenant with a drive-thru window and patio seating.
Key Highlights
- 3,840 SF three‑tenant retail strip center.
- Restaurant tenant with drive‑thru window and patio seating.
- High visibility to approximately 8,675 vehicles per day.
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
$41,558
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
5.04%
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%
$831,160
$831.2K
Cap Rate 7%
$593,686
$593.7K
Cap Rate 9%
$461,756
$461.8K
Market Conditions
NOI Build-Up for 3,840 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
$59.9K $15.60/SF
− Vacancy
−$4.5K −$1.17/SF
EGI
$55.4K $14.43/SF
− OpEx
−$13.9K −$3.61/SF
NOI
$41.6K $10.82/SF
Area
Sedgwick County, KS
Vacancy
7.50%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
25.00%
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%
$831,160
Cap Rate 7%
$593,686
Cap Rate 9%
$461,756
Alternative Uses
Best Use
Specialty Retail
$593.7K
$519.5K – $692.6K
NOI $41,558 @ 7.0% cap · market cap 5.04%
Second Best
Retail
$588.3K
$514.8K – $686.4K
NOI $41,181 @ 7.0% cap · market cap 4.99%
Theoretical Best
Office A
$800.4K
$700.3K – $933.8K
NOI $56,025 @ 7.0% cap · market cap 6.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
267
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
0.2 miles
Dollar General
Shops & Services
10,007 visits/mo
0.2 miles
Dollar Tree
Shops & Services
9,246 visits/mo
0.1 miles
O'Reilly Auto Parts
Shops & Services
4,406 visits/mo
0.2 miles
El Azteca
Dining
2,251 visits/mo
0.3 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
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Strip mall - Three-tenant retail strip center in Haysville, Kansas.
Where is this strip mall located?
The property is located at 240 N Main St Haysville, KS.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: 3,840 SF three‑tenant retail strip center.; Restaurant tenant with **drive‑thru window and patio seating**.; High visibility to approximately 8,675 vehicles per day.
