Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Main And Front Galena, KS 66739

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    One acre of vacant land zoned C2 on Route 66.

    Type:General Commercial
    Lot size:
    1.00 Acre
    Added:
    Jan 27, 2022
    Days on Market:
    1554
    Last Refresh:
    Apr 1 at 9:38 pm

    Property Features for Main And Front

    General Information

    Standard status
    Active
    Lot size
    1.00 Acre
    Property subtype
    General Commercial

    We can help!

    Listing Contact
    Yvonne Raczkowski

    Listing agent Yvonne Raczkowski

    Listing office ReeceNichols

    Listing date Jan 27, 2022

    Source Xome

    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 ReeceNichols

    Overview

    Land on Historic Route 66

    This is a one-acre parcel of vacant land located on Historic Route 66. The property is zoned C2 and is situated near tourist attractions. It offers an opportunity to own property on Main Street America.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Galena
    County
    Cherokee
    State
    Kansas
    Longitude
    -94.6644
    Latitude
    37.0394

    Nearby Similar for Sale

    • $50,000
      1,096 SF

      Galena Commercial Building with Potential

      One-story commercial building in historic Galena, Kansas.
      316 W 7th Street, Galena, KS 66739
      View Details
    • $50,000

      Galena Commercial Building on Route 66

      One-story commercial building in historic Galena, Kansas, near Joplin.
      316 W 7TH Street, Galena, KS 66739
      View Details
    • $585,000
      3,604 SF

      Route 66 Commercial Opportunity

      Commercial property on Route 66, suitable for restaurant or event center.
      2414 W 7th Street, Galena, KS 66739
      View Details
    • $169,900
      6,356 SF

      Route 66 Commercial Building

      Spacious building on historic Route 66 with flexible use options.
      410 S Main Street, Galena, KS 66739
      View Details
    • $720,000
      15,947 SF

      Galena Commercial Buildings For Sale

      Three buildings with office, manufacturing, and storage space available.
      1909 E 12th Street, Galena, KS 66739
      View Details
    • $144,900
      5,200 SF

      Galena, KS Commercial Opportunity

      Well-maintained commercial building on historic Route 66 in Galena.
      406 S Main Street, Galena, KS 66739
      View Details
    • $244,800

      Hunting Land Near Galena, KS

      64-acre hunting property with cabin, creek, and diverse terrain.
      00000 Truman Ln, Galena, KS 66739
      View Details
    • $105,000
      1,708 SF

      Commercial Property in Galena, Kansas

      Commercial property suitable for various businesses, needs TLC.
      129 NE U.S. 69, Galena, KS 66739
      View Details
    • $12,000

      Acre Lot in Riverton District

      Acre lot ready for custom build near Joplin, MO.
      SE 69th Street, Galena, KS 66739
      View Details
    • $159,900

      20 Acres at Shoal Creek

      20 acres of pasture and woods at Shoal Creek.
      Pawpaw Lane, Galena, KS 66739
      View Details
    • $49,000
      580 SF

      Galena, KS Investment Opportunity

      House with additional housing sites for rental income.
      417 & 425 W Vine & 810 Barnes, Galena, KS 66739
      View Details
    • $11,500

      Land in Galena, Kansas

      Secluded 0.35 acre lot in Galena, Kansas.
      Short Street, Galena, KS 66739
      View Details

    FAQs

    What type of property is this?
    Commercial land - One acre of vacant land zoned C2 on Route 66.
    Where is this commercial land located?
    The property is located at Main And Front Galena, KS.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Prime 1‑acre vacant land on Historic Route 66.; Zoned C2, suitable for commercial development.; Located in a high‑traffic tourist area.
    (417) 726-5001
    We can help!
    Listing Contact
    Yvonne Raczkowski
    Learn More
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!