New Duplex with Open
For Sale
$175,000
482 E Hayes St, Valley Center, KS 67147
Residential, Valley Center, KS
Property Size1,209 SF
Lot Size0.92 Acres
Price / SF$144.75
Days on Market215
Property Features for 482 E Hayes St
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Kitchen, Bathroom 2, Laundry Room, Bathroom 1, Bedroom 1, Bedroom 2
Patio and Porch features
Patio
Interior features
Ceiling Fan(s), Walk-In Closet(s), Smoke Detector(s)
Exterior features
Guttering - ALL, Zero Step Entry, Frame w/Less than 50% Mas
Fireplace
1
Appliances
Dishwasher, Disposal, Microwave, Refrigerator, Range, Smoke Detector
Subdivision
SUNFLOWER
Lot features
Pond/ Lake
Elementary school
Valley Center
Middle school
Valley Center
High school
Valley Center
Elementary school district
Valley Center Pub School (USD 262)
Middle school district
Valley Center Pub School (USD 262)
High school district
Valley Center Pub School (USD 262)
Directions
North on meridian until Ford rd. Turn east onto Ford until turning south onto Wybern St. Take wybern until turning west onto Hayes St.
Standard status
Active
APN
30026378
Size
1,209 SF
Lot size
0.92 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
TH PT LOT 4 COMM SE COR THEREOF TH NWLY 13.47 FT TO BEG OF CURV TO LEFT NWLY ALG CURV 31.38 FT W 424
Tax Annual Amount
2297
HOA Fee
$600 Annually
Legal Description
TH PT LOT 4 COMM SE COR THEREOF TH NWLY 13.47 FT TO BEG OF CURV TO LEFT NWLY ALG CURV 31.38 FT W 424
Utilities
Utilities
Natural Gas Available
Heating system
Forced Air, Natural Gas
Cooling system
Electric, Central Air
Building Details
Year built
2024
Floors in Building
1
Flooring type
Smoke detector(s)
Roof type
Composition
Listing Agency:
Keller Williams Hometown Partners · Keller Williams Realty
(316) 729-8500
Listed By:
Tanner Ternes · License #00250292
(316) 670-6071
Added: Jan 31
Changed: Sep 2
Last Checked: Sep 3 at 12:06PM
MLS# 669699
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.
Investment Insights
Based on property information with market context.
Built in 2024, this 1,209-square-foot duplex property presents a three-bedroom, two-bathroom townhome configuration on 0.92 acres. The interior includes an open living area, kitchen with a large island, walk-in pantry, laundry room, and a primary suite with its own bathroom and walk-in closet. A patio, composition roof, central air, forced-air natural gas heating, and zero-step entry add to the physical setup. The property also includes a dishwasher, disposal, microwave, refrigerator, and range.
The home is located in Valley Center and falls within the Valley Center school district. Natural gas is available, and the property includes smoke detectors, ceiling fans, guttering, and a fireplace. Taxes have not been fully assessed.
The home is located in Valley Center and falls within the Valley Center school district. Natural gas is available, and the property includes smoke detectors, ceiling fans, guttering, and a fireplace. Taxes have not been fully assessed.
Key Highlights
- 2024 construction with 1,209 square feet of living area
- Three‑bedroom, two‑bathroom townhome configuration
- 0.92‑acre property in the Valley Center school district
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$10,109
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.78%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$202,180
$202.2K
Cap Rate 7%
$144,414
$144.4K
Cap Rate 9%
$112,322
$112.3K
Market Conditions
NOI Build-Up for 1,209 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$15.2K $12.60/SF
− Vacancy
−$792 −$0.66/SF
EGI
$14.4K $11.94/SF
− OpEx
−$4.3K −$3.58/SF
NOI
$10.1K $8.36/SF
Area
Sedgwick County, KS
Vacancy
5.20%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$202,180
Cap Rate 7%
$144,414
Cap Rate 9%
$112,322
Alternative Uses
Best Use
Multifamily LT 5
$144.4K
$126.4K – $168.5K
NOI $10,109 @ 7.0% cap · market cap 5.78%
Second Best
Apartment 5plus
$133.2K
$116.6K – $155.4K
NOI $9,324 @ 7.0% cap · market cap 5.33%
Theoretical Best
Office A
$252.0K
$220.5K – $294.0K
NOI $17,639 @ 7.0% cap · market cap 10.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
118
Businesses Nearby
Explore this area
Business Placement
Demographics for 67147, KS
10,715
Population
4,106
Households
2.6
Avg Household Size
37
Median Age
39%
College-Educated
92%
High-School Grad
103.6 sq mi
ZIP Area
103
Density / Sq Mi
$82,711
Median Household Income
$47,569
Median Earnings
$996
Median Rent
$227,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Recently built residential income property with central air, natural gas heating, and zero-step entry.
Where is this duplex located?
The property is located at 482 E Hayes St Valley Center, KS.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: 2024 construction with 1,209 square feet of living area; Three‑bedroom, two‑bathroom townhome configuration; 0.92‑acre property in the Valley Center school district
