Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Retail Space for Lease Title is generated by Realmo AI

    2851 Market Place, Salina, KS 67401

    View on Map
    Claim this Listing
    New
    For Lease
    Contact for pricing

    Retail space available for lease in Salina’s South Ninth Street shopping corridor.

    Type:Retail
    Property size:
    4,455 SF
    Added:
    Jun 1, 2026
    Days on Market:
    6
    Last Refresh:
    Jun 6 at 4:36 am

    Property Features for 2851 Market Place

    General Information

    Standard status
    Active
    Size
    4,455 SF
    Property subtype
    Retail

    Building Details

    Year Built
    1994

    Spaces For Lease

    at 2851 Market Place Contact us

    We can help!

    Listing Contact
    Jeff Maes

    Listing agent Jeff Maes License #KS BR00054099

    Listing office ComPro Realty

    Listing date Jun 1, 2026

    Source Crexi

    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 ComPro Realty

    HighLights

    • Retail space for lease in Salina’s South Ninth Street shopping corridor
    • Building year built: 1994
    • 4,455 SF retail space

    Overview

    This listing offers a retail space available for lease, totaling 4,455 square feet. The space is positioned to serve day-to-day retail needs in a dedicated storefront setting.

    Located at 2851 Market Place in Salina, Kansas, the property sits within the South Ninth St retail corridor. That placement can support a tenant’s need for consistent neighborhood-level retail traffic.

    For retailers looking for a mid-sized footprint in a recognized local shopping area, this space provides an appropriate starting point. Prospective tenants should review the space layout and in-place improvements directly with the broker to confirm fit for their specific merchandising and operating requirements.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Gym & Fitness Center Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Salina
    County
    Saline
    State
    Kansas
    Longitude
    -97.6117615
    Latitude
    38.7869667

    Nearby Similar for Lease

    • $20 SF/Yr
      1,500 SF

      Retail Space in Cold Shell

      End cap retail space with tenant improvement allowance.
      2935 S 9th St, Salina, KS
      View Details
    • $1,200/Mo
      1,800 SF

      Crawford Street Storage Space Available

      1800 SF storage space with shared parking available for rent.
      820 E Crawford St, Salina, KS
      View Details
    • Contact for pricing
      1,100 SF

      Downtown Retail Suite with Street Parking

      A flexible downtown storefront with white-box condition and ADA-accessible common restrooms for adaptable retail use.
      244 S SANTA FE AVE, SALINA, KS 67401
      View Details
    • Contact for pricing
      3,244 SF

      Retail Space in Mid State Plaza

      Retail space available in a prominent Salina shopping center.
      2450 S 9th St, Salina, KS
      View Details
    • $10 SF/Yr
      3,600 SF

      Office Building with Warehouse Space

      Office building featuring offices, conference room, kitchenette, and warehouse.
      104 W Elm St, Salina, KS 67401
      View Details
    • $15 SF/Yr

      Class A Office Suites Available

      Multi-tenant office suites with Class A finishes for rent.
      1700 E Iron Ave, Salina, KS 67401
      View Details
    • $10 SF/Yr
      2,450 SF

      Single Tenant Office Space

      Office space available for single tenant occupancy.
      1516 E Iron Ave, Salina, KS 67401
      View Details
    • $10 SF/Yr

      Retail and Office Space Available

      Retail and office spaces for lease in central Salina.
      S 9th St, Salina, KS 67401
      View Details
    • $8 SF/Yr

      Office Space on Iron Avenue

      Office space for rent with utilities included and ample parking.
      645 E Iron Ave, Salina, KS 67401
      View Details
    • Contact for pricing

      Commercial Space Available For Lease

      Commercial space available for lease in Salina, Kansas.
      433 S Broadway Blvd, Salina, KS 67401
      View Details
    • Contact for pricing
      1,200 SF

      Salina Office Space For Rent

      Two office spaces available with high ceilings and flexible layouts.
      3115 Enterprise Dr, Salina, KS 67401
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space available for lease in Salina’s South Ninth Street shopping corridor.
    Where is this retail space located?
    The property is located at 2851 Market Place Salina, KS.
    What are key features of this property?
    This property features: Retail space for lease in Salina’s South Ninth Street shopping corridor; Building year built: 1994; 4,455 SF retail space
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Jeff Maes
    Real Estate License ID: KS BR00054099
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2851 Market Place, Salina, KS 67401
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!