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    706 Smiles Ct Augusta, KS 67010

    For Sale
    $850,000

    Class A, 100% Occupied, High Cap Rate

    Property size:
    3,283 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional Class A medical office building, totaling 3,283 square feet, is situated on a 0.48-acre lot in Augusta, Kansas at 706 E Smiles Ct, 67010. Built in 2011, the property boasts a 100% occupancy rate with a long-term lease in place with Grene Vision Group, a subsidiary of EyeCare Partners, a leading national eye care provider. The current annual base rent is $64,276, translating to a compelling 7.56% capitalization rate on the $850,000 asking price. The tenant, with a history of nearly 100 years serving the region, offers a wide range of services including cataract surgery, LASIK, and more, ensuring consistent revenue streams. This property presents a strong investment opportunity, benefiting from its prime location near residences and senior living facilities in north Augusta. The lease includes multiple renewal options, providing long-term stability and predictable income. The property is offered individually, but is also part of a larger portfolio of medical offices. This is a turnkey investment with a proven tenant and strong financial performance.

    Property Features for 706 Smiles Ct

    General Information

    Property type
    Medical offices
    Square Feet
    3,283 SF
    Class
    A
    Lot Size
    20,909 SF

    Building Details

    Year Built
    2011
    Buildings
    1

    HighLights

    • $850,000 asking price for a Class A medical office building.
    • 3,283 square feet on a 0.48‑acre lot, built in 2011.
    • Located in Augusta, Kansas, near residences and senior living.
    • 100% occupancy with a NNN lease; 7.56% cap rate.
    • Currently leased to Grene Vision Group, a subsidiary of EyeCare Partners, with a long‑term lease in place.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Map

    City
    Augusta
    County
    Butler
    State
    Kansas
    Longitude
    -96.970481151844
    Latitude
    37.706361859335

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    FAQs

    What type of property is this?
    Medical office - Class A, 100% Occupied, High Cap Rate
    Where is this medical office located?
    The property is located at 706 Smiles Ct Augusta, KS.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: $850,000 asking price for a Class A medical office building.; 3,283 square feet on a 0.48-acre lot, built in 2011.; Located in Augusta, Kansas, near residences and senior living.
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    706 Smiles Ct Augusta, KS 67010
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    Realmo Value Estimation

    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.

    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.

    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
    706 Smiles Ct Augusta, KS 67010
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