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    437 E Chestnut St Junction City, KS 66441

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    Warehouse with loading dock in high-traffic retail area.

    Type:Industrial
    Added:
    Oct 30, 2024
    Days on Market:
    539
    Last Refresh:
    Mar 17 at 1:22 pm

    Property Features for 437 E Chestnut St

    General Information

    Standard status
    Active
    Property subtype
    Industrial

    Spaces For Lease

    at 437 E Chestnut St Contact us

    $3 /Mo

    Size
    4,036 SF
    Type
    Industrial
    Contact us

    We can help!

    Listing Contact
    Brady Lundeen
    Brady Lundeen

    Listing agent Brady Lundeen License #KS 00234800

    Listing office Kansas Commercial Real Estate Services Inc

    Listing date Oct 30, 2024

    Source Crexi

    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 Kansas Commercial Real Estate Services Inc

    Overview

    Warehouse in Retail Corridor

    This warehouse is located in Junction City's main eastern retail corridor, offering convenient access to the I-70 on/off ramp. The property features an 18-foot clear height and a 10'x10' overhead loading dock door. Situated on the south side of a retail strip center, the warehouse benefits from the surrounding high-traffic location. Nearby businesses include Walmart, Marriot, Cricket Wireless, Pizza Hut, Dollar Tree, Freddy's, Arby's, Verizon, and Taco Bell. The retail strip center houses tenants such as Hibbett Sports, Cricket, Space out Smoke, Sally Beauty Supply, Planet Fitness, and Burkes Outlet.
    Location Intelligence

    Current Use by Public Records

    USAA ATM Atm bealls Clothing & Fashion Store

    Suggested Use

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

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

    Similar Places Nearby

    • Sto-Away Storage — 127 E Vine St, Junction City, KS 66441
    • Big Self Storage — 240 E 10th St, Junction City, KS 66441
    • North American Van Lines — 906 N. Perry suite 100, Junction City, KS 66441

    Location Insight

    • Map
    • Local Demand
    City
    Junction City
    County
    Geary
    State
    Kansas
    Longitude
    -96.8224535
    Latitude
    39.0192824

    Nearby Similar for Lease

    • Contact for pricing

      Retail Space Near I-70

      3,900 SF retail space with easy highway access.
      613 E Chestnut St, Junction City, KS
      View Details
    • Contact for pricing

      Medical Office Space Available

      Medical office space for sublease, near hospital and highway.
      702 Caroline Ave, Junction City, KS 66441
      View Details
    • Contact for pricing

      Retail Space in Walmart Outparcel

      3,900 SF retail space available for lease.
      611 E Chestnut St, Junction City, KS 66441
      View Details
    • Contact for pricing

      Retail Space in Junction City

      Retail or office space with high visibility and ample parking.
      215 W 6th Street, Junction City, KS 66441
      View Details

    FAQs

    What type of property is this?
    Warehouse - Warehouse with loading dock in high-traffic retail area.
    Where is this warehouse located?
    The property is located at 437 E Chestnut St Junction City, KS.
    What are key features of this property?
    This property features: 18’ clear height ideal for various storage and operational needs.; Convenient access to I‑70 on/off ramp.; Located in a high‑traffic retail corridor.
    (785) 272-2525 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Brady Lundeen
    Brady Lundeen
    Real Estate License ID: KS 00234800
    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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