Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    400410 Main St Galena, KS 66739
    Back to Search
    Property profile & analytics

    400410 Main St Galena, KS 66739

    View on Map
    • Commercial real estate
    • 16,738 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 400410 Main St

    Year built
    1878
    Property size
    16,738 SF
    Property type
    Commercial real estate

    Description

    This exceptional investment opportunity sits on over three-quarters of an acre of land in historic Galena, Kansas, boasting prominent road frontage on three sides. Located directly on Historic Route 66, this 16,738 square foot property presents a multitude of possibilities for the savvy investor. Currently configured with some units already generating rental income, the property is ideally suited for a variety of uses, including Airbnb rentals, monthly leases, or retail space. Recent upgrades, including newer HVAC systems and a recently replaced roof, minimize immediate capital expenditure needs. The property's strategic location within a thriving commercial district, surrounded by popular restaurants and shopping destinations, ensures high visibility and consistent foot traffic, attracting both local residents and tourists. This prime location offers significant potential for expansion, allowing for the implementation of future growth strategies. The combination of existing income streams, recent improvements, and a highly desirable location makes this a truly unique and compelling investment opportunity. This is a chance to own a piece of history while capitalizing on modern commercial potential.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Galena
    County
    Cherokee
    State
    Kansas
    Longitude
    -94.6431
    Latitude
    37.0435

    Comparable in this City

    • Value Estimation by Request
      1.18 Acres

      Galena, KS 66739

      COMMERCIAL (GENERAL) • 1.18 Acres
      Galena, KS 66739
      View Details
    • Value Estimation by Request
      1.00 Acre

      Division St

      COMMERCIAL (GENERAL) • 1.00 Acre
      Division St, Galena, KS 66739
      View Details
    • Value Estimation by Request
      1.42 Acres

      7th St

      COMMERCIAL (GENERAL) • 1.42 Acres
      7th St, Galena, KS 66739
      View Details
    • Value Estimation by Request
      0.60 Acres

      100 Schermerhorn Rd

      COMMERCIAL (GENERAL) • 0.60 Acres
      100 Schermerhorn Rd, Galena, KS 66739-4003
      View Details
    • Value Estimation by Request
      2.20 Acres

      911 Schermerhorn Rd

      COMMERCIAL (GENERAL) • 2.20 Acres
      911 Schermerhorn Rd, Galena, KS 66739
      View Details
    • Value Estimation by Request
      1.50 Acres

      Water St

      COMMERCIAL (GENERAL) • 1.50 Acres
      Water St, Galena, KS 66739
      View Details

    Similar Nearby for Sale

    • $595,000
      0.13 Acres

      Galena Commercial Property Investment

      11 Apartments + Commercial Space, High Occupancy
      600 Main St, Galena, KS 66739
      View Details
    • $155,000
      0.55 Acres

      Galena Restaurant & Real Estate

      Turnkey Mexican Restaurant, Historic Route 66
      500 7Th St, Galena, KS 66739
      View Details
    • $244,800
      64.00 Acres

      Hunting Land Near Galena, KS

      64-acre hunting property with cabin, creek, and diverse terrain.
      00000 Truman Ln, Galena, KS 66739
      View Details
    • $235,000
      Pending

      New Duplex Investment Opportunity

      Newly built duplex in Galena, Kansas, ideal for investment.
      1001 E 5 St, Galena, KS 66739
      View Details
    • $30,000
      5.00 Acres

      Wooded Land in Galena, Kansas

      5.22 acres of secluded, wooded land with utility access.
      SE Blackjack Rd, Galena, KS 66739
      View Details
    • Contact for pricing
      0.34 Acres

      Level Corner Building Lot

      Corner lot with utilities available in Galena, Kansas.
      1018 Barnes St, Galena, KS 66739
      View Details
    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.
    400410 Main St
    Galena, KS 66739
    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
    400410 Main St, Galena, KS, 66739
    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!