Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    24th Ave & Industrial Rd Emporia, KS 66801

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Prime Emporia retail lot, high traffic area.

    Property Features for 24th Ave & Industrial Rd

    General Information

    Property type
    Retail properties & Spaces
    Class
    A
    Lot Size
    62,726 SF

    Building Details

    Year Renovated
    2024

    We can help!

    Listing Contact
    Justin Beal
    Justin Beal

    Listing Agency: Newmark Zimmer | Kansas City Listing Agent: Justin Beal

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional 1.44-acre commercial land parcel is ideally situated at the Northeast corner of 24th Avenue and Industrial Road in Emporia, Kansas (zip code 66801). Classified as Class A, this property, recently renovated in 2024, presents a unique opportunity for retail development. The lot's prime location within a thriving retail corridor ensures high visibility and accessibility. This area boasts a strong anchor tenant lineup including nationally recognized retailers such as Hobby Lobby, Marshall's, Ross, Shoe Show, Maurice's, Five Below, Old Navy, Ulta, and PetSmart, creating a robust and attractive retail environment. Multiple pad sites are available for sale, offering flexibility for various development plans. The property's central location within Emporia, Lyon County, Kansas, provides easy access to a significant consumer base. This is a rare opportunity to acquire a highly desirable retail lot in a rapidly growing market. The property is offered for sale directly by the owner.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Emporia
    County
    Lyon
    State
    Kansas
    Longitude
    -96.216160663665
    Latitude
    38.426825005507

    Nearby Similar for Sale

    • $525,000
      11,736 SF

      Iconic Emporia Nightlife Destination

      Fully operational bar and dance hall in revitalized 1901 building.
      601 Commercial St, Emporia, KS 66801
      View Details
    • $715,000

      Emporia KS Apartment Complex

      12-unit apartment complex in Emporia, Kansas, featuring two-bedroom apartments.
      603-605 E 11Th Ave, Emporia, KS 66801
      View Details
    • $715,000

      Emporia KS Apartment Complex

      12-unit apartment complex in Emporia, Kansas for sale.
      603-605 E 11Th Ave, Emporia, KS 66801
      View Details
    • $550,000

      Historic Emporia Office Building

      Landmark Office Space, Prime Location
      1220 C Of E Dr, Emporia, KS 66801
      View Details
    • $375,000

      Historic Emporia School Building

      Prime Commercial Redevelopment Opportunity
      315 Market St, Emporia, KS 66801
      View Details
    • $375,000

      Former School Building on 1-Acre

      Two-story, 13,978 sq ft former school on 1-acre lot.
      315 S Market St, Emporia, KS 66801
      View Details
    • $800,000
      11,364 SF

      Emporia Apartment Complex: 12 Units

      Twelve-unit apartment building, prime Emporia location.
      603 11Th Ave, Emporia, KS 66801
      View Details
    • $600,000

      Emporia Multi-Property Investment Opportunity

      Five Structures, High Rental Income Potential
      331 Commercial St, Emporia, KS 66801
      View Details
    • $274,999

      Emporia Commercial Property - I-35 Access

      High-visibility commercial lot, redevelopment opportunity.
      1120 12Th Ave, Emporia, KS 66801
      View Details
    • $235,000

      Emporia Commercial Property - Great Value

      Prime Emporia location, versatile commercial space.
      314 Neosho St, Emporia, KS 66801
      View Details
    • $249,900

      Emporia Commercial Building Investment

      Prime Emporia Location, Multiple Units
      306 Commercial St, Emporia, KS 66801
      View Details

    FAQs

    What type of property is this?
    Retail property - Prime Emporia retail lot, high traffic area.
    Where is this retail property located?
    The property is located at 24th Ave & Industrial Rd Emporia, KS.
    What are key features of this property?
    This property features: 1.44-acre Class A retail lot ideal for development, recently renovated in 2024.; Prime location in a thriving Emporia, KS retail corridor with strong anchor tenants (Hobby Lobby, Marshall's, Ross, etc.).; High-traffic location with excellent visibility and accessibility.
    (816) 268-4241 Call to check price and availability
    Request Owner's contact information
    24th Ave & Industrial Rd Emporia, KS 66801
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    24th Ave & Industrial Rd
    Emporia, KS 66801
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    24th Ave & Industrial Rd Emporia, KS 66801
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Justin Beal
    Justin Beal
    Real Estate License ID: 2014037443
    (816) 268-4241 (660) 909-4033 (816) 512-1010
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!