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    54 Hwy Kingman, KS 67068

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    54 Hwy Kingman, KS 67068

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    • Retail properties & Spaces
    • 2,690 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 54 Hwy

    Year built
    1995
    Property size
    2,690 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Restaurants

    Description

    This freestanding restaurant building in Kingman, Kansas, presents a compelling investment opportunity. Located on East Highway 54, the property boasts excellent visibility and convenient access. The 2,690 square foot building, constructed in 1995, sits on a sizable 45,629 square foot lot and is zoned C2. Features include a drive-thru, walk-in cooler and freezer, and commercial-grade hoods. The property offers ample parking with 34 spaces. The asking price is $295,000, translating to $109.67 per square foot. The 2023 general property taxes totaled $19,816.68. This single-story building presents a turnkey opportunity for a variety of food service businesses. Its strategic location and existing infrastructure make it an ideal choice for an established or emerging restaurant operator seeking a high-traffic location in Kingman, Kansas. The property is being sold by the owner.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Kingman
    County
    Kingman
    State
    Kansas
    Longitude
    -98.0961
    Latitude
    37.6486

    Comparable in this City

    • Value Estimation by Request
      1,100 SF

      700 D Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,100 SF
      700 D Ave, Kingman, KS 67068-1562
      View Details
    • Value Estimation by Request
      1,812 SF

      900 Us Hwy 54

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,812 SF
      900 Us Hwy 54, Kingman, KS 67068-1815
      View Details
    • Value Estimation by Request
      3,059 SF

      828 D Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,059 SF
      828 D Ave, Kingman, KS 67068-1803
      View Details
    • Value Estimation
      $520,000
      2,690 SF

      1123 Us Hwy 54

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,690 SF
      1123 Us Hwy 54, Kingman, KS 67068-1820
      View Details
    • Value Estimation by Request
      2,546 SF

      1215 Us Hwy 54

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,546 SF
      1215 Us Hwy 54, Kingman, KS 67068-1822
      View Details
    • Value Estimation by Request
      1,364 SF

      401 D Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,364 SF
      401 D Ave, Kingman, KS 67068-1517
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,690 SF

      Established Commercial Site in Kingman

      Commercial site with drive-through, great visibility, supports business investment.
      1123 Us Highway 54, Kingman, KS 67068
      View Details
    • $454,005
      153.90 Acres

      Productive Farmland in Kingman County

      153.9 acre tillable farm with excellent access.
      80 SW 80 St, Kingman, KS 67068
      View Details
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    54 Hwy
    Kingman, KS 67068
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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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