Sign Up Successful!
You now have access to more from Realmo!
    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

    6701 Broadway Ave Park City, KS 67219

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    44 Acres, Light Industrial Zoning, $2/SF

    Property Features for 6701 Broadway Ave

    General Information

    Property type
    Land
    Lot Size
    1,916,640 SF

    We can help!

    Listing Contact
    Ted Branson
    Ted Branson

    Listing Agency: Landmark Commercial Real Estate Listing Agent: Ted Branson

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

    Learn more

    Overview

    This exceptional 44-acre industrial land parcel presents a unique investment opportunity in Park City, Kansas. Strategically located on North Broadway Avenue, just south of 69th, this property boasts Light Industrial zoning and is priced competitively at $2 per square foot. The seller is diligently working to finalize permitting for flood zone removal, zoning approvals, and platting, all projected for completion by the first quarter of 2024. While the property is being sold as-is, with no special assessments, the seller will be responsible for bringing utilities to the site. Further enhancing its appeal, the seller is willing to subdivide the land to accommodate various development needs. This site benefits from an enviable location directly across from a newly constructed, over one million square foot Amazon Fulfillment Center. The surrounding area is vibrant, featuring established businesses such as Sleep Inn, QuikTrip, Spangles, Cracker Barrel, McDonald's, and a Holiday Inn, among others. The City of Park City actively encourages new investment and development, potentially offering public incentives to suitable projects. Furthermore, the property's location may qualify for IRB financing, providing additional financial flexibility for prospective buyers. This is a rare chance to acquire a substantial, well-positioned industrial land parcel in a thriving commercial area.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Real Estate Agency Daycare Center Kitchen & Bath Showroom Hotel & Motel Big Box & Wholesale Store Auto Repair Shop Bakery Cosmetic Store Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Park City
    County
    Sedgwick
    State
    Kansas
    Longitude
    -97.3370508
    Latitude
    37.8052767

    Nearby Similar for Sale

    • $375,000
      2,430 SF

      New Duplex in Briarbrook

      New 2025 duplex in Park City's Briarbrook neighborhood.
      613 E Briarbrook Ln, Park City, KS 67147
      View Details
    • $375,000
      2,430 SF

      New Duplex in Briarbrook

      New duplex in Park City's Briarbrook neighborhood for sale.
      619 E Briarbrook Ln, Park City, KS 67147
      View Details
    • $327,500
      2,360 SF

      Park City Duplex Investment Opportunity

      Modern duplex in Park City with immediate income potential.
      1801-1803 E 69 Ct N, Park City, KS 67219
      View Details
    • $1,300,000
      6,600 SF

      Park City Industrial Property

      6,600 SF Flex Space, Large Yard
      111 53 St, Park City, KS 67204
      View Details
    • $799,000
      16,936 SF

      Park City Retail Center Investment

      Prime Park City location, high visibility, 16,936 SF.
      425 61 St, Park City, KS 67219
      View Details

    FAQs

    What type of property is this?
    Land - 44 Acres, Light Industrial Zoning, $2/SF
    Where is this land located?
    The property is located at 6701 Broadway Ave Park City, KS.
    What are key features of this property?
    This property features: 44-acre industrial land parcel for sale in Park City, KS.; Light industrial zoning.; Priced at $2.00-$2.50/SF.
    (316) 262-2442
    Request Owner's contact information
    6701 Broadway Ave Park City, KS 67219
    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.
    6701 Broadway Ave
    Park City, KS 67219
    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
    6701 Broadway Ave Park City, KS 67219
    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!
    Listing Contact
    Ted Branson
    Ted Branson
    Real Estate License ID: 00018585
    (316) 262-2442 (316) 409-8445
    Learn more
    Google sign-in failed. Please try again or use another login method.