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    312 Carthage St Meade, KS 67864

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    312 Carthage St Meade, KS 67864

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    • Retail properties & Spaces
    • 10,500 SF
    For Lease
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    Prime Meade Retail Space For Lease
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    Prime Meade Retail Space

    10,500 SF Freestanding Retail Building

    312 Carthage St, Meade, KS 67864
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    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 312 Carthage St

    Year built
    2022
    Property size
    10,500 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Freestanding property

    Description

    This exceptional 10,500 square foot freestanding retail building, constructed in 2022, presents a unique opportunity in Meade, Kansas. Located at 312 W Carthage St, this single-tenant property sits on a 0.95-acre lot and boasts 30 parking spaces, ensuring ample customer convenience. The building's prominent location offers excellent visibility and accessibility, enhanced by pylon signage. The property is zoned commercial and benefits from its position near established businesses such as Love's Truck Stop and Subway, creating a strong synergy and high traffic area. Previously occupied by a national dollar store chain, this space is ideal for a variety of retail uses. The building features a single story and offers a substantial amount of space for a wide range of retail concepts. The large concrete parking lot provides ample space for customers and employees. This is a second-generation retail space available for lease, offering a move-in ready solution for a discerning business owner. The property's location in Meade County, Kansas, zip code 67864, provides easy access to major transportation routes. This is a rare opportunity to secure a high-visibility retail space in a thriving community.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Meade
    County
    Meade
    State
    Kansas
    Longitude
    -100.343
    Latitude
    37.2855

    Comparable in this City

    • Value Estimation by Request
      0.49 Acres

      Post

      RETAIL STORES (PERSONAL SERVICES) • 0.49 Acres
      Post, Meade, KS 67864
      View Details
    • Value Estimation by Request
      0.45 Acres

      115 Meade Ctr St

      RETAIL STORES (PERSONAL SERVICES) • 0.45 Acres
      115 Meade Ctr St, Meade, KS 67864-6756
      View Details
    • Value Estimation by Request
      3,212 SF

      115 Carthage St

      RETAIL STORES (PERSONAL SERVICES) • 3,212 SF
      115 Carthage St, Meade, KS 67864
      View Details
    • Value Estimation
      $715,000
      12,908 SF

      102 Fowler St

      RETAIL STORES (PERSONAL SERVICES) • 12,908 SF
      102 Fowler St, Meade, KS 67864-6769
      View Details
    • Value Estimation by Request
      1,182 SF

      228 Carthage St

      RETAIL STORES (PERSONAL SERVICES) • 1,182 SF
      228 Carthage St, Meade, KS 67864-6490
      View Details
    • Value Estimation by Request
      3,312 SF

      223 Fowler St

      RETAIL STORES (PERSONAL SERVICES) • 3,312 SF
      223 Fowler St, Meade, KS 67864-6776
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      10,500 SF

      Prime Meade Retail Space

      10,500 SF Freestanding Retail Building
      312 Carthage St, Meade, KS 67864
      View Details
    • Contact for pricing

      New Retail Space in Meade

      Freestanding retail building constructed in 2022 with ample parking.
      312 W Carthage St, Meade, KS 67864
      View Details
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    Meade, KS 67864
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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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