Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    300 Colorado St Manhattan, KS 66502

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Commercial property in Manhattan, Kansas, near Kansas State University.

    Added:
    Mar 5, 2026
    Days on Market:
    27
    Last Refresh:
    Mar 25 at 8:29 pm

    Property Features for 300 Colorado St

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    Brent Clemens

    Listing agent Brent Clemens License #MA #9533459-RE-B

    Listing office

    Listing date Mar 5, 2026

    Source Alchemyrea

    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 Brent Clemens

    Overview

    Manhattan Commercial Property Opportunity

    Located in Manhattan, Kansas, this commercial property benefits from the city's role as the economic and cultural hub of the Flint Hills region. The area experiences stable demand due to the presence of Kansas State University (KSU), which hosts academic conferences, sporting events, and alumni gatherings. Additionally, Fort Riley provides a reliable base of year-round lodging demand, which helps to insulate the market from seasonal volatility.
    Location Intelligence

    Current Use by Public Records

    Fairfield Inn Manhattan Hotel & Motel 300 Colorado Street ... Parking Lot & Garage

    Suggested Use

    Real Estate Agency Restaurant Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Manhattan
    County
    Riley
    State
    Kansas
    Longitude
    -96.5611
    Latitude
    39.1765

    Nearby Similar for Sale

    • $975,000

      Modern Triplex Near Campus

      2021-built triplex near campus with strong cash flow.
      903 Sunset Avenue, Manhattan, KS 66502
      View Details
    • $295,000

      Duplex Near K-State and Aggieville

      Turnkey duplex investment property near K-State with long-term leases.
      512 Bluemont Avenue, Manhattan, KS 66502
      View Details
    • $384,900

      Aggieville 6-Plex Apartments

      Updated 6-plex near KSU campus and Aggieville.
      917 Laramie Street, Manhattan, KS 66502
      View Details
    • $305,000

      Manhattan Multi-Family Investment Opportunity

      Well-maintained duplex with reliable rental income in Manhattan, Kansas.
      809 Moro Street, Manhattan, KS 66502
      View Details
    • $250,000

      Manhattan Multifamily Investment Opportunity

      Two-unit property with long-term tenants and recent roof replacement.
      408 S 6th Street, Manhattan, KS 66502
      View Details
    • $324,900

      Manhattan Multifamily Investment Opportunity

      Four-unit property near campus, fully rented through summer 2026.
      1114 Vattier Street, Manhattan, KS 66502
      View Details
    • $265,000

      Manhattan Duplex: Investment Opportunity

      East-side Manhattan duplex, move-in ready, great investment or house-hacking.
      2310/2312 Willow Lane, Manhattan, KS 66502
      View Details
    • $205,000

      Manhattan Duplex Near Campus

      Fully rented duplex near campus with long-term tenants.
      823 N 8th Street, Manhattan, KS 66502
      View Details
    • $399,000
      3,600 SF

      Manhattan Office Space Available

      Office space available for rent in Manhattan, Kansas.
      2314 Anderson Ave, Manhattan, KS
      View Details
    • $2,931,111
      865 SF

      Drive-Thru Coffee Shop For Sale

      Single-tenant 151 Coffee property with absolute NNN lease in Kansas.
      900 N 3rd St, Manhattan, KS
      View Details
    • $180,000

      Vacant Multifamily Investment Opportunity

      Vacant multifamily property near Kansas State University.
      501 Moro Street, Manhattan, KS 66502
      View Details
    • $315,000

      Manhattan Duplex with New Roof

      Duplex in Manhattan with strong rental history and new roof.
      804 DONDEE Drive #804 DONDEE, Manhattan, KS 66503
      View Details

    FAQs

    What type of property is this?
    Specialty property - Commercial property in Manhattan, Kansas, near Kansas State University.
    Where is this specialty property located?
    The property is located at 300 Colorado St Manhattan, KS.
    What are key features of this property?
    This property features: Stable demand from Kansas State University (KSU) academic conferences, sporting events, and alumni gatherings.; Reliable year‑round lodging demand from Fort Riley.; Manhattan is the economic and cultural hub of the Flint Hills region.
    (312) 402-2959
    We can help!
    Listing Contact
    Brent Clemens
    Real Estate License ID: MA #9533459-RE-B
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!