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    Mixed-Use Commercial Property on I-70 Title is generated by Realmo AI

    1021 Goldenbelt Blvd, Junction City, KS 66441

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    Prime mixed-use commercial property with I-70 frontage.

    Type:Retail, Industrial, Mixed Use, Special Purpose
    Property size:
    32,788 SF
    Lot size:
    3.30 Acres
    Price / SF:
    $39/SF
    Added:
    May 17, 2023
    Days on Market:
    1115
    Last Refresh:
    May 12 at 9:54 pm

    Property Features for 1021 Goldenbelt Blvd

    General Information

    Standard status
    Active
    Size
    32,788 SF
    Lot size
    3.30 Acres
    Property subtype
    Retail, Industrial, Mixed Use, Special Purpose

    Building Details

    Year Built
    2004

    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 May 17, 2023

    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

    HighLights

    • Prime location with 630+\/- feet of frontage on heavily traveled Interstate 70, offering exceptional visibility and accessibility.
    • Substantial 32,788+\/- total building square footage suitable for mixed‑use commercial purposes.
    • Currently operating as a successful Harley‑Davidson, Kawasaki, and Suzuki dealership with 60 years in business.
    • Includes a large showroom (8,260 sq. ft.), service repair garage (7,404 sq. ft.), and grade‑level warehouse (15,532 sq. ft.)
    • Features a 1,592 sq. ft. mezzanine with private offices, a conference room, and storage.
    • 3.3 Acres of land with room for expansion or additional display.

    Overview

    This mixed-use commercial property is for sale and currently operating as a Harley-Davidson, Kawasaki, and Suzuki dealership with 60 years in business. The property is situated between two of the main interchange ramps on the south side of Junction City with frontage along the heavily traveled Interstate 70, just east of US 77 HWY & Old Hwy 40 allowing for truck loop access. The building has 630+/- feet of I-70 frontage, 8,260 sq. ft. showroom floor, office, and parts storage area, and a 7,404 sq. ft. service repair garage with (2) 10'x10' drive-in doors. The main level totals 15,664 sq. ft. There is also a 1,592 sq. ft. mezzanine overlooking the showroom floor, which includes private windowed offices, a conference/meeting room, and a large storage area. The grade level warehouse measures 15,532 sq. ft. with 12' - 14' ceiling height, (4) overhead heaters, (1) 10' x 10' drive-in door, and (1) 10' x 10' overhead door with loading dock. The property includes 3-Phase Power and a 2,000lb capacity freight elevator that improves access from service basement to service area. The property sits on 3.3 acres with room for expansion or additional display. The total building square footage is 32,788+/-.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Big Box & Wholesale Store Auto Repair Shop Hotel & Motel Auto Parts Store Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Junction City
    County
    Geary
    State
    Kansas
    Longitude
    -96.8480661
    Latitude
    39.0019095

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    FAQs

    What type of property is this?
    Automotive property - Prime mixed-use commercial property with I-70 frontage.
    Where is this automotive property located?
    The property is located at 1021 Goldenbelt Blvd Junction City, KS.
    What is the asking price?
    The asking price for this property is $1,300,000.
    What are key features of this property?
    This property features: Prime location with 630+\/- feet of frontage on heavily traveled Interstate 70, offering exceptional visibility and accessibility.; Substantial **32,788+\/- total building square footage** suitable for mixed‑use commercial purposes.; Currently operating as a successful Harley‑Davidson, Kawasaki, and Suzuki dealership with 60 years in business.
    (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
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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.

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