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    Property profile & analytics

    303 Pacific Ave Salina, KS 67401-8289

    • Warehouses
    • 16,500 SF
    • 0.38 lot acres
    OFF-MARKET
    Value Estimations
    $435,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US33-0493593
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Warehouses

    Property Details for 303 Pacific Ave

    Year built
    1936
    Lot size
    0.38 lot acres
    Property size
    16,500 SF
    Property type
    Warehouses
    APN
    081-12-0-20-08-001.00
    APU
    81120200800100

    Description

    This exceptional 25,000 square foot industrial property, situated on a 0.38-acre lot at 303 W Pacific Ave in Salina, Kansas, presents a unique investment opportunity. Its strategic location offers easy access to I-70 and 135, enhancing its commercial viability. The building boasts a blend of steel and brick construction and is zoned for Commercial/Industrial and Retail uses, allowing for diverse applications. Recent upgrades significantly enhance its value, including a four-year-old TPO roof with a transferable warranty, updated three-phase electrical, plumbing, HVAC systems, flooring, paint, and appliances. The property features a 1,725 square foot showroom complete with a built-in concrete and steel safe, multiple office spaces on both the main floor and upstairs, four bathrooms, and two loft apartments each equipped with full kitchens. A bar area and abundant attic storage add to its versatility. Two basements provide ample additional space. A heated 5,500 square foot central warehouse includes existing mezzanine storage and a new 12x12 insulated overhead door. An additional 5,500 square foot heated south warehouse, ideal for rental income, features a paint booth, office space, water and electrical hookups, and two overhead doors (14x12 and 10x8). Ample parking is available both on and off-street. This property offers a compelling combination of existing income potential and significant future development possibilities.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $435,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Salina
    County
    Saline
    State
    Kansas
    Longitude
    -97.6117
    Latitude
    38.8559
    CBSA code
    41460
    CBSA name
    SALINA, KS MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $9,978
    $4,670
    $67,473
    $72,143
    -
    $18,680
    $269,890
    $288,570

    Comparable in this City

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      348 Ave A A

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    • Value Estimation
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      312 12th St

      WAREHOUSE, STORAGE • 4,920 SF
      312 12th St, Salina, KS 67401-2123
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    • Value Estimation
      $270,000
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      405 13th St

      WAREHOUSE, STORAGE • 1,728 SF
      405 13th St, Salina, KS 67401
      View Details
    • Value Estimation
      $485,000
      18,479 SF

      1018th W Elm St

      WAREHOUSE, STORAGE • 18,479 SF
      1018th W Elm St, Salina, KS 67401-2516
      View Details
    • Value Estimation
      $260,000
      4,500 SF

      Euclid Ave

      MINI-WAREHOUSE, STORAGE • 4,500 SF
      Euclid Ave, Salina, KS 67401
      View Details
    • Value Estimation
      $270,000
      1,680 SF

      402 Frst Ave

      WAREHOUSE, STORAGE • 1,680 SF
      402 Frst Ave, Salina, KS 67401-1824
      View Details

    Similar Nearby for Sale

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    • $270,000
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      Salina Warehouse Near I-70

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      16,611 SF

      Salina Flex Space: 16,611 SF

      Versatile Salina warehouse, office, yard
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    • Contact for pricing
      7.30 Acres

      Salina Commercial Land - 7.3 Acres

      Prime Salina location, divisible commercial land.
      3135 9Th St, Salina, KS 67401
      View Details

    Similar Nearby for Lease

    • $1,200 /Mo
      1,800 SF

      Crawford Street Storage Space Available

      1800 SF storage space with shared parking available for rent.
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      54,528 SF

      Salina Warehouse Space Available

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    • $8 SF/Yr
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      Executive Office & Warehouse Space

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    • $8 SF/Yr
      7,130 SF

      Salina Warehouse: 7,130 SF

      Freestanding warehouse, large lot, immediate occupancy.
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      View Details
    • $6 SF/Yr
      16,611 SF

      Salina, KS Industrial Flex Space

      16,611 SF Flex Space, Divisible, Great Yard
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      View Details
    • Contact for pricing
      16,440 SF

      Salina Flex Space Available

      16,440 SF Flex Space, Multiple Suites
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      View Details
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    303 Pacific Ave
    Salina, KS 67401-8289
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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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