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    Established Wedding and Event Venue Title is generated by Realmo AI

    2959 Arapaho Rd, Hesston, KS 67062

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    For Sale
    $1,150,000

    COMMERCIAL - Hesston, KS

    Property size:
    2,100 SF
    Lot size:
    9.62 Acres
    Price / SF:
    $547/SF
    Added:
    May 1, 2026
    Days on Market:
    33
    Last Refresh:
    Jun 2 at 2:06 pm

    Property Features for 2959 Arapaho Rd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking features
    Parking Lot
    Standard status
    Active
    APN
    20113-217-36-0-00-00-002.00-0
    Size
    2,100 SF
    Lot size
    9.62 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    S36, T21, R01, ACRES9.62, CA NW/C NE4 FOR POB TH E619.15' S730.32' W619.15' N726.43' TO POB LESS R/W
    Tax Annual Amount
    5921

    Utilities

    Utilities
    Electricity Available
    Sewer type
    Septic Tank
    Heating system
    Forced Air, Natural Gas
    Cooling system
    Electric, Central Air
    Water source
    Well

    Building Details

    Year built
    2013
    Floors in Building
    2
    Flooring type
    Concrete, Wood
    Building materials
    Frame
    Roof type
    Metal

    We can help!

    Listing Contact
    Christy Friesen
    Christy Friesen

    Listing agent Christy Friesen License #SP00229137

    Listing office RE/MAX Premier 2243 N Ridge Rd. Ste. 105, Wichita, KS

    Listing date May 1, 2026

    MLS# 672309

    Copyright © 2026 South Central Kansas MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Turnkey wedding/event venue (Emma Creek Barn) with established income and future bookings transferring with sale.
    • 9.62‑acre property featuring a 2,100+ sq ft event venue with full kitchen, two half baths, and a loft.
    • Seamless indoor‑outdoor event space with overhead barn door to outdoor pavilion and a 10x50' covered porch.
    • Includes a 5‑bed/2‑bath residential home with updated kitchen and remodeled bathroom.
    • Immaculately landscaped grounds with mature trees, irrigated lawn, and a spring‑fed creek.
    • Venue features a firepit, stone stage, and multiple outbuildings for storage and utility.

    Overview

    Located just outside of Hesston, this 9.62-acre property features an established wedding and event venue known as Emma Creek Barn. The property offers a turnkey opportunity to acquire both real estate and a functioning business, complete with a full year of future bookings. The event venue, constructed in 2013, provides over 2,100 square feet of finished, heated, and cooled space, with HVAC added in 2024. The barn includes a full kitchen, two half baths, and a 12x44' loft. A large overhead barn door opens to the outdoor pavilion, complemented by a 10x50' covered porch. The immaculately landscaped site includes mature trees, approximately two acres of irrigated lawn, and a spring-fed creek. A dedicated parking area is situated on the opposite side of the creek. Additional features include a firepit, a stone stage with wood header, and multiple outbuildings for storage and utility. The property also includes a residential home, originally built in 1952, with five bedrooms and two bathrooms. The two-story home features refinished hardwood floors, natural light, a wood-burning stove, an updated kitchen, and a remodeled main floor bath with a soaker tub and separate subway-tiled shower. The home also offers multiple living areas and a basement shop space.
    Property Profile Location Intelligence

    Current Use by Public Records

    Emma Creek Barn Wedding Service

    Map

    City
    Hesston
    County
    Harvey
    State
    Kansas
    Longitude
    -97.380546
    Latitude
    38.188252

    FAQs

    What type of property is this?
    Wedding venue - Turnkey wedding and event venue with established business and residence.
    Where is this wedding venue located?
    The property is located at 2959 Arapaho Rd Hesston, KS.
    What is the asking price?
    The asking price for this property is $1,150,000.
    What are key features of this property?
    This property features: Turnkey wedding/event venue (Emma Creek Barn) with established income and future bookings transferring with sale.; 9.62‑acre property featuring a 2,100+ sq ft event venue with full kitchen, two half baths, and a loft.; Seamless indoor‑outdoor event space with overhead barn door to outdoor pavilion and a 10x50' covered porch.
    (316) 854-0043
    We can help!
    Listing Contact
    Christy Friesen
    Christy Friesen
    Real Estate License ID: SP00229137
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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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