Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Salina Commercial Land Opportunity Title is generated by Realmo AI

    0 WAYNE AVE & 00000 S OHIO ST, Salina, KS 67401

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Prime commercial land for sale in Salina, Kansas.

    Type:Land
    Added:
    Oct 17, 2024
    Days on Market:
    594
    Last Refresh:
    May 12 at 9:05 pm

    Property Features for 0 WAYNE AVE & 00000 S OHIO ST

    General Information

    Standard status
    Active
    Property subtype
    Land

    We can help!

    Listing Contact
    John Kollhoff

    Listing agent John Kollhoff License #KS

    Listing office Reynolds Real Estate and Auction

    Listing date Oct 17, 2024

    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 Reynolds Real Estate and Auction

    HighLights

    • Prime location in Salina, Kansas.
    • High traffic corner.
    • Significant commercial real estate opportunity.
    • Near I135/I70 interchange.
    • 7 day traffic.
    • Near hotels and residential neighborhoods.

    Overview

    Located in Salina, Kansas, the commercial real estate opportunity at 0 E Wayne & 00000 S Ohio St offers prospective buyers a chance to own a significant piece of Salina’s growing commercial landscape. The property is situated on one of the highest traffic corners in the city and is located near the I135/I70 interchange. The site benefits from 7-day traffic and proximity to several hotels and residential neighborhoods.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Salina
    County
    Saline
    State
    Kansas
    Longitude
    -97.6193
    Latitude
    38.8424

    Nearby Similar for Sale

    • $425,000

      Established Automotive Repair Business Opportunity

      7,400 SF automotive repair business for sale in Salina.
      522 N 8th St, Salina, KS 67401
      View Details
    • $270,000
      5,500 SF

      Warehouse Near I-70 & 135

      Commercial/Industrial zoned warehouse with office space and ample parking.
      831 N 8th St, Salina, KS 67401
      View Details
    • $1,333,000
      1,462 SF

      NNN Ground Lease in Salina

      Retail property in prime location with long-term lease.
      3105 S 9th St, Salina, KS 67401
      View Details
    • $180,000

      Prime Commercial Lot in Salina

      One-acre commercial lot with high visibility and interstate access.
      1+/- Acre on Marcella & Huehl, Salina, KS 67401
      View Details
    • $80,000

      Salina Commercial Land Redevelopment Opportunity

      Vacant commercial lots in central Salina, Kansas.
      343 N Santa Fe Ave, Salina, KS 67401
      View Details
    • Contact for pricing
      3,234 SF

      Versatile Flex Building in Salina

      Freestanding 3,234 SF flex building with industrial zoning.
      501 N 5th St, Salina, KS 67401
      View Details
    • Contact for pricing
      4,900 SF

      Versatile Commercial Building in Salina

      Updated 4900 sq ft commercial building with multiple possibilities.
      200 W Key Ave., Salina KS 67401, Salina, KS 67401
      View Details
    • $50,000

      Vacant Lot in Salina, KS

      5,000 sq ft vacant lot near downtown Salina.
      316 W South, Salina, KS 67401
      View Details
    • $169,900
      4,400 SF

      Warehouse with Multiple Garage Doors

      4,400 sqft warehouse with multiple 12' garage doors.
      1018 York Ave., Salina KS 67401, Salina, KS 67401
      View Details
    • Contact for pricing
      16,611 SF

      Flex Space with Warehouse and Yard

      Flex space featuring office, warehouse, yard, and storage.
      514 N Santa Fe Ave, Salina, KS 67401
      View Details
    • Contact for pricing

      Commercial Lot with Great Visibility

      Excellent neighborhood corner commercial lot with strong demographics.
      Briarcliff Rd, Salina, KS 67401
      View Details
    • Contact for pricing

      Commercial Lot in Growing Area

      3.17 acre commercial lot in rapidly growing Salina area.
      3030 S Ohio St, Salina, KS 67401
      View Details

    FAQs

    What type of property is this?
    Commercial land - Prime commercial land for sale in Salina, Kansas.
    Where is this commercial land located?
    The property is located at 0 WAYNE AVE & 00000 S OHIO ST Salina, KS.
    What is the asking price?
    The asking price for this property is $399,000.
    What are key features of this property?
    This property features: Prime location in Salina, Kansas.; High traffic corner.; Significant commercial real estate opportunity.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    John Kollhoff
    Real Estate License ID: KS
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    0 WAYNE AVE & 00000 S OHIO ST, SALINA, KS 67401
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!