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    Property profile & analytics

    465 Us-160 Protection, KS 67127

    • Retail properties
    • 888 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details for 465 Us-160

    Year built
    1979
    Property size
    888 SF
    Property type
    Retail properties
    Property subtype
    Grocery and convenience stores

    Description

    This thriving convenience store and gas station, located at 465 US-160 in Protection, Kansas (zip code 67127), presents a unique investment opportunity. Built in 1979, this 888 square foot single-tenant property boasts a strong track record of success, serving as a cornerstone of the community. The business model includes the sale of gasoline, diesel fuel, and a variety of food and beverage options, including homemade meals and pre-made sandwiches. A key differentiator is a commercial water well, providing supplemental income through sales to oilfield companies, farmers, and ranchers. The property's strategic location on Highways 160 and 183 ensures high visibility and accessibility, with ample parking for cars, semi-trucks, and pickups. The asking price is $175,000, translating to $197.07 per square foot. This established business offers a blend of consistent revenue streams and community engagement, making it an attractive prospect for owner-users seeking a turnkey operation in a supportive environment. The business has demonstrated resilience and profitability, even amidst economic uncertainty. This represents a chance to acquire a well-established business in a close-knit community, offering both financial returns and the satisfaction of owning a local landmark.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Protection
    County
    Comanche
    State
    Kansas
    Longitude
    -99.4773
    Latitude
    37.1924

    Comparable in this City

    • Value Estimation
      $255,000
      1,421 SF

      109 Broadway St

      SERVICE STATION (FULL SERVICE) • 1,421 SF
      109 Broadway St, Protection, KS 67127
      View Details
    • Value Estimation
      $260,000
      3,328 SF

      406 Washington Ave

      AUTO REPAIR, GARAGE • 3,328 SF
      406 Washington Ave, Protection, KS 67127
      View Details
    • Value Estimation
      $285,000
      2,990 SF

      209 Broadway St

      RETAIL STORES (PERSONAL SERVICES) • 2,990 SF
      209 Broadway St, Protection, KS 67127
      View Details
    • Value Estimation
      $220,000
      1,804 SF

      509 Broadway

      AUTO REPAIR, GARAGE • 1,804 SF
      509 Broadway, Protection, KS 67127-8846
      View Details
    • Value Estimation by Request
      0.61 Acres

      Protection, KS 67127

      PARKING LOT • 0.61 Acres
      Protection, KS 67127
      View Details
    • Value Estimation
      $255,000
      3,270 SF

      102 Chestnut St

      AUTO REPAIR, GARAGE • 3,270 SF
      102 Chestnut St, Protection, KS 67127-2720
      View Details
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    465 Us-160
    Protection, KS 67127
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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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