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

    343 E Chestnut St Junction City, KS 66441

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

    Versatile commercial building suitable for office or retail use.

    Property size:
    4,157 SF
    Lot size:
    1.20 Acres

    Property Features for 343 E Chestnut St

    General Information

    Standard status
    Active
    Size
    4,157 SF
    Lot size
    1.20 Acres

    Building Details

    Year built
    2008

    We can help!

    Listing Contact
    Evan Larue
    Source: Crexi

    Listing Agency: Street Commercial Listing Agent: Evan Larue

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Professional Office or Retail Space

    This commercial property offers a versatile space suitable for a financial institution, professional office, or retail use. The building features 6 private offices, 1 conference room, and a common area. The property's construction allows for strategic repositioning. The property size is 4157 square feet. Area neighbors include Courtyard by Marriott, Walmart, Starbucks, Comfort Inn & Suites, and Arby’s.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Restaurant Real Estate Agency 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
    Junction City
    County
    Geary
    State
    Kansas
    Longitude
    -96.8235901
    Latitude
    39.0213245

    Nearby Similar for Sale

    • $850,000
      7,579 SF

      Junction City Strip Mall Opportunity

      Vibrant strip mall with established businesses near Fort Riley.
      204 Grant Ave, Junction City, KS 66441
      View Details
    • $172,500

      Historic Commercial Space in Junction

      Charming commercial space in revitalizing downtown Junction City, Kansas.
      818 North Washington St, Junction City, KS 66441
      View Details
    • $250,000
      0.16 Acres

      Commercial Property on Washington Street

      Spacious commercial warehouse with office space on heavily traveled road.
      1406 N Washington St, Junction City, KS 66441
      View Details
    • $295,000

      Junction City Commercial Opportunity Zone

      Commercial building in Opportunity Zone near Fort Riley.
      232 West 18Th St, Junction City, KS 66441
      View Details
    • $799,000
      Pending

      Junction City Apartment Building

      12-unit apartment building in the heart of Junction City.
      239 S Jefferson St, Junction City, KS 66441
      View Details
    • New
      $115,000
      0.31 Acres

      Land with In-Ground Pool

      Land for sale with in-ground mineral springs salt water pool.
      2302 Lucy Ct, Junction City, KS 66441
      View Details
    • Contact for pricing

      Historic Commercial Space in Junction

      Charming commercial space in revitalizing downtown Junction City.
      818 N Washington St, Junction City, KS 66441
      View Details
    • Contact for pricing

      1029 S Washington Street, Junction City, KS 66441

      Retail space
      1029 S Washington St, Junction City, KS 66441
      View Details
    • $6,000,000

      Candlewood Suites Investment Opportunity

      83-room hotel near I-70, Kansas State, and Fort Riley.
      100 S Hammons Dr, Junction City, KS 66441
      View Details
    • $1,600,000

      Commercial Buildings with Business Opportunities

      Multiple commercial buildings with diverse business and income potential.
      126 W Flint Hills Blvd, Junction City, KS 66441
      View Details
    • Contact for pricing

      Smoky Hill RV Park Asset

      RV park with 50 full hook-up sites for sale.
      219 W Flint Hills Blvd, Junction City, KS 66441
      View Details
    • $1,490,000
      32,788 SF

      Mixed-Use Commercial Property on I-70

      Prime mixed-use commercial property with I-70 frontage.
      1021 Goldenbelt Blvd, Junction City, KS 66441
      View Details

    FAQs

    What type of property is this?
    Office units - Versatile commercial building suitable for office or retail use.
    Where is this office units located?
    The property is located at 343 E Chestnut St Junction City, KS.
    What are key features of this property?
    This property features: - Strategic repositioning potential due to flexible construction.; - Features 6 private offices and a conference room.; - Suitable for a financial institution or professional office space.
    Request Owner's contact information
    343 E Chestnut St Junction City, KS 66441
    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.
    343 E Chestnut St
    Junction City, KS 66441
    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
    343 E Chestnut St Junction City, KS 66441
    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

    We can help!
    Listing Contact
    Evan Larue
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!