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    Industrial Warehouse with Office Title is generated by Realmo AI

    2428 Walnut St, Coffeyville, KS 67337

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    For Sale
    $159,900

    Functional warehouse and remodeled office suite with red iron construction and ample outdoor parking for contractors.

    Property size:
    5,796 SF
    Lot size:
    1.04 Acres
    Price / SF:
    $27/SF
    Added:
    Apr 15, 2026
    Days on Market:
    52
    Last Refresh:
    Jun 5 at 3:02 am

    Property Features for 2428 Walnut St

    General Information

    Standard status
    Active
    Size
    5,796 SF
    Lot size
    1.04 Acres

    We can help!

    Listing Contact
    Michelle Dreiling

    Listing agent Michelle Dreiling

    Listing office Crown Realty

    Listing date Apr 15, 2026

    Source Exprealty

    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 Crown Realty

    HighLights

    • 1.04‑acre commercial site with 5,156 SF usable warehouse space across two buildings
    • Warehouse + office setup: 4,500 SF warehouse and 640 SF remodeled office space
    • Remodeled 640 SF office includes commercial‑grade cabinetry and an updated bathroom
    • Red iron main building designed for durability
    • Utilities provided by Evergy and Atmos
    • Ample outdoor parking; located in the Coffeyville Industrial Park near Hwy 166/75 and minutes from the municipal airport

    Overview

    This for-sale industrial property includes 5,156 SF of usable warehouse space across two buildings, anchored by a sturdy red iron main structure. The warehouse configuration is supported by high ceilings and solid infrastructure for storage-intensive and equipment-focused operations. A 640 SF newly remodeled office features commercial-grade cabinetry and an updated bathroom, providing practical space for administration, coordination, or client-facing needs. The site totals 1.04 acres with room for outdoor parking.

    Located in the Coffeyville Industrial Park, the property is described as minutes from the municipal airport and positioned along the major thoroughfare between Kansas City and Tulsa. Access is further noted near Hwy 166 and 75. Parking is available on site, and utilities are provided by Evergy and Atmos.

    Designed for operators that need both workspace and supporting office use, the combination of warehouse storage, durable red iron framing, and an updated office layout can fit warehouse users, mechanics or welding-focused shops, HVAC service providers, and other contractor or light/heavy industry uses supported by industrial park zoning. The property’s mix of warehouse capacity, on-site parking, and dedicated office space supports day-to-day operations without requiring off-site administrative facilities.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Pharmacy Auto Repair Shop Accounting Firm Auto Parts Store Department Store Kitchen & Bath Showroom Food Market Discount Store Computer & Electronic Repair

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

    Similar Places Nearby

    • Acorn Self Storage — 1802 S Walnut St, Coffeyville, KS 67337
    • PJ'S STORAGE — Coffeyville, KS 67337

    Location Insight

    • Map
    • Local Demand
    City
    Coffeyville
    County
    Montgomery
    State
    Kansas
    Longitude
    -95.61593
    Latitude
    37.016586

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    FAQs

    What type of property is this?
    Warehouse - Functional warehouse and remodeled office suite with red iron construction and ample outdoor parking for contractors.
    Where is this warehouse located?
    The property is located at 2428 Walnut St Coffeyville, KS.
    What is the asking price?
    The asking price for this property is $159,900.
    What are key features of this property?
    This property features: 1.04‑acre commercial site with 5,156 SF usable warehouse space across two buildings; Warehouse + office setup: 4,500 SF warehouse and 640 SF remodeled office space; Remodeled 640 SF office includes commercial‑grade cabinetry and an updated bathroom
    (970) 441-0000
    We can help!
    Listing Contact
    Michelle Dreiling
    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.

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