Warehouse Shop with Overhead
For Sale
$150,000
826 N 13th St, Salina, KS 67401
Functional warehouse and shop space with heating, three-phase power, insulation, and planned fencing.
Property Size2,400 SF
Price / SF$62.50
Days on Market16
Property Features for 826 N 13th St
General Information
Standard status
Active
Size
2,400 SF
Additional Details
Fenced Yard
Yes
Three-Phase Power
Yes
Taxes and HOA fees
Annual Taxes
$3,144
Listing Agency:
Central Kansas Realty
(785) 231-4617
Listed By:
Jody Karlin
(785) 231-4617
Source:
Exprealty
Added: Aug 7
Changed: Aug 21
Last Checked: Aug 21 at 6:44AM
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 Central Kansas Realty
Investment Insights
Based on property information with market context.
This 2,400-square-foot warehouse and shop includes a 14-foot overhead door, forced air heat, three-phase power, and spray foam insulation. The property will also receive full fencing, adding defined perimeter control for the site.
The building is located one block from a lumber yard at 826 N 13th St in Salina, Kansas. Its combination of overhead access, power service, heating, and insulated construction supports a range of warehouse and shop operations.
The building is located one block from a lumber yard at 826 N 13th St in Salina, Kansas. Its combination of overhead access, power service, heating, and insulated construction supports a range of warehouse and shop operations.
Key Highlights
- 2,400‑square‑foot warehouse and shop
- 14‑foot overhead door
- Three‑phase power service
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
$13,205
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
8.80%
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%
$264,100
$264.1K
Cap Rate 7%
$188,643
$188.6K
Cap Rate 9%
$146,722
$146.7K
Market Conditions
NOI Build-Up for 2,400 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
$16.7K $6.96/SF
− Vacancy
−$1.2K −$0.49/SF
EGI
$15.5K $6.47/SF
− OpEx
−$2.3K −$0.97/SF
NOI
$13.2K $5.50/SF
Area
Saline County, KS
Vacancy
7.00%
Lease Rate
$6.96 /SF/Yr
Expense Ratio
15.00%
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%
$264,100
Cap Rate 7%
$188,643
Cap Rate 9%
$146,722
Alternative Uses
Best Use
Warehouse
$188.6K
$165.1K – $220.1K
NOI $13,205 @ 7.0% cap · market cap 8.80%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$25.04M
$21.91M – $29.22M
NOI $1,753,091 @ 7.0% cap · market cap 1,168.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
289
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 67401, KS
50,338
Population
22,434
Households
2.2
Avg Household Size
39
Median Age
29%
College-Educated
93%
High-School Grad
252.0 sq mi
ZIP Area
200
Density / Sq Mi
$62,603
Median Household Income
$36,995
Median Earnings
$913
Median Rent
$172,700
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Warehouse - Functional warehouse and shop space with heating, three-phase power, insulation, and planned fencing.
Where is this warehouse located?
The property is located at 826 N 13th St Salina, KS.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: 2,400‑square‑foot warehouse and shop; 14‑foot overhead door; Three‑phase power service
