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    Downtown Winfield Commercial Space Title is generated by Realmo AI

    707 Main St, Winfield, KS 67156

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    Claim this Listing
    For Lease
    $1,100 /Mo

    COMMERCIAL - Winfield, KS

    Type:Office
    Lot size:
    0.16 Acres
    Added:
    Feb 24, 2026
    Days on Market:
    81
    Last Refresh:
    May 16 at 1:06 pm

    Property Features for 707 Main St

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Zoning
    Central Bus Dis
    Parking features
    On Street
    Standard status
    Active
    APN
    1782802013011000
    Lot size
    0.16 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    WINFIELD, TOWNSITE OF, BLOCK 107, Lot 3&4
    Tax Annual Amount
    9431

    Utilities

    Utilities
    Natural Gas Available
    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Forced Air
    Cooling system
    Central Air, Electric
    Water source
    Public

    Building Details

    Year built
    1963
    Floors in Building
    1
    Flooring type
    Concrete
    Building materials
    Block, Frame, Stucco
    Roof type
    Flat

    We can help!

    Listing Contact
    Hollie Gaskill

    Listing agent Hollie Gaskill License #00250992

    Listing office Albright Insurance and Real Estate, LLC 1221 Main St, Winfield, KS

    Listing date Feb 24, 2026

    MLS# 668692

    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

    • Prime Main Street location with high visibility and traffic.
    • Open‑concept layout suitable for various business types.
    • Vacant and ready for immediate occupancy.
    • Freshly painted interior and durable concrete floors.
    • Tall ceilings creating a spacious feel.
    • Convenient customer parking directly in front.

    Overview

    Located at 707 Main Street in Winfield, Kansas, this commercial space offers excellent Main Street frontage with steady foot and vehicle traffic. Previously used as a retail and hobby store, the property features an open-concept layout with tall ceilings and a width of approximately 24 feet. The interior is freshly repainted in a neutral color and features durable concrete flooring. The property includes two large restrooms and a dedicated mop/utility closet. Customer parking is conveniently located directly in front of the building. The space is vacant and ready for immediate occupancy. The property is located in an area zoned as Central Business District and has strong Main Street visibility. The open floor plan is ideal for retail, specialty, fitness, hobby, or service-based businesses. The lot size is 0.1607 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Winfield
    County
    Cowley
    State
    Kansas
    Longitude
    -96.9975
    Latitude
    37.242047

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    FAQs

    What type of property is this?
    Storefront property - Highly visible commercial space in downtown Winfield, Kansas.
    Where is this storefront property located?
    The property is located at 707 Main St Winfield, KS.
    What is the lease rate?
    The lease rate is $1,100 /Mo.
    What are key features of this property?
    This property features: Prime Main Street location with high visibility and traffic.; Open‑concept layout suitable for various business types.; Vacant and ready for immediate occupancy.
    (620) 446-0283
    We can help!
    Listing Contact
    Hollie Gaskill
    Real Estate License ID: 00250992
    Learn More
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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.

    More about this property
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