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Property profile & analytics
OFF-MARKET
Estimated value
$825,000
Retail space
115 117th W Main St, Anthony, KS 67003
Entity Owned
Free & Clear
Property ID
US33-1196544
Property summary
AI-generated overview
This exceptional Class A medical office building, totaling 6,907 square feet, is situated on a 0.16-acre lot at 115 W Main St in Anthony, Kansas, 67003. Built in 2016, the property boasts a strong 8.16% cap rate and is currently 100% occupied under a triple-net (NNN) lease with Grene Vision Group, a leading provider of eye care services. The tenant, part of EyeCare Partners, has a long-standing presence in the community and has recently exercised a five-year lease renewal with further renewal options. The building is strategically located on the main street, surrounded by banks, restaurants, and other retailers, ensuring high visibility and accessibility. The current annual base rent is $57,134, translating to a monthly rent of $4,761 or $8.27 per square foot. This presents a compelling investment opportunity, offering both stable income and significant long-term potential. The asking price for this property is $700,000. This property is also available as part of a larger portfolio.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2016
Total area
10,536 SF
Lot
0.16 ac (6,970 SF)
APN
136-24-0-30-23-010.00-0
UPID
US33-1196544
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Grene Vision Group Ophthalmologist Optician
-
Trina Piper-Hughbanks, OD Ophthalmologist
-
Dr. Terria Winn, MD Ophthalmologist
-
Katherine Kuhl Physician
-
Robin Agpoon Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$825k
Owner & transaction history
ANTHONY VENTURE GROUP LLC
ANTHONY VENTURE GROUP LLC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Anthony submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Anthony submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$885,000
Current use
AUTO REPAIR, GARAGE
$755,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$825k
Range $743k – $908k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$78 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$14,198
Tax year 2023
Assessed value
$69,501
Assessed 2023
Previous assessed
$65,650
+5.9% YoY
Effective rate
20.43%
On assessed value
Assessed land
$1,313
Assessed improvement
$68,188
Land market value
$5,250
Improvement market value
$272,750
Total market value
$278,000
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2016
Heating
NONE
Cooling
NONE
Stories
2
Units
1
Total area
10,536 SF
Lot
0.16 ac (6,970 SF)
APN
136-24-0-30-23-010.00-0
UPID
US33-1196544
Jurisdiction
HARPER
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$885,000
AUTO REPAIR, GARAGE
Est. value
$755,000
RETAIL STORES Current
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2016
Heating
NONE
Cooling
Yes
Stories
2
Units
1
Lot
0.16 ac
Current owner
From public records · entity-resolved
ANTHONY VENTURE GROUP LLC
Entity
Free & Clear · 0 yrs held
Mailing address
1851 N WEBB RD, WICHITA, KS 67206-3413
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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