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    Property profile & analytics

    403 Main St Sedan, KS 67361

    • Drive through restaurants
    • 1,326 SF
    • 0.53 lot acres
    For Sale
    View listing
    $124,900
    Value Estimation
    Location Intelligence
    Property ID
    US33-1248312
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Drive through restaurants

    Property Details for 403 Main St

    Year built
    1998
    Lot size
    0.53 lot acres
    Property size
    1,326 SF
    Property type
    Drive through restaurants
    APN
    152-03-0-20-01-001.00-0
    APU
    1520302001001000

    Description

    Prime investment opportunity in Sedan, Kansas! This property boasts a 1,326 square foot restaurant building featuring an indoor dining area, drive-thru window, pizza oven, walk-in refrigerator, coolers, two restrooms, and an office – essentially a turnkey operation. The restaurant is complemented by thirteen 10x14 foot storage units, generating additional rental income. Located on Main Street, the property offers excellent visibility and accessibility. A substantial paved parking lot provides ample space for 24 vehicles. The 1.69-acre lot provides room for expansion or future development. This combined restaurant and storage facility presents a unique opportunity for a savvy investor seeking a diversified income stream in a thriving Kansas community. The existing infrastructure and equipment minimize upfront investment, allowing for a quick return on capital. The property's location on Main Street ensures high traffic visibility, attracting both restaurant patrons and storage unit renters. This is a rare chance to acquire a well-established business with significant growth potential. The combination of a functional restaurant and income-producing storage units makes this a truly compelling investment proposition.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $280,000

    • CAP approach

      CAP return
      Estimation
      6%
      $285,000
      6.5%
      $275,000
      7%
      $255,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $290,000
      Geo Method
      $280,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $290,000
      Retail
      $305,000
      Mixed-Use
      $320,000
      Hospitality
      $235,000
      Educational
      $295,000
      Residential Income
      $280,000
      Energy
      $240,000
      Income-Based Land
      $260,000
      Food Service
      $315,000

    Location Insight

    • Map
    • Local Demand
    City
    Sedan
    County
    Chautauqua
    State
    Kansas
    Longitude
    -96.191
    Latitude
    37.1266

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $5,973
    $1,350
    $26,643
    $27,993
    -
    $5,400
    $106,570
    $111,970

    Comparable in this City

    • Value Estimation
      $370,000
      3,632 SF

      115 School St

      RESTAURANT • 3,632 SF
      115 School St, Sedan, KS 67361-1715
      View Details
    • Value Estimation by Request
      3,000 SF

      355 State Hwy 99

      BAR, TAVERN • 3,000 SF
      355 State Hwy 99, Sedan, KS 67361-8597
      View Details
    • Value Estimation by Request
      0.30 Acres

      106 School St

      SERVICE STATION WITH FOOD MART • 0.30 Acres
      106 School St, Sedan, KS 67361-1716
      View Details
    • Value Estimation by Request
      7,000 SF

      163 Main St

      RETAIL STORES (PERSONAL SERVICES) • 7,000 SF
      163 Main St, Sedan, KS 67361-1626
      View Details
    • Value Estimation by Request
      1,240 SF

      115 Sherman St

      RETAIL STORES (PERSONAL SERVICES) • 1,240 SF
      115 Sherman St, Sedan, KS 67361-1329
      View Details
    • Value Estimation by Request
      900 SF

      744 State Hwy 99

      RETAIL STORES (PERSONAL SERVICES) • 900 SF
      744 State Hwy 99, Sedan, KS 67361
      View Details

    Similar Nearby for Sale

    • $600,000
      64.60 Acres

      Recreational Land with Quarry Pond

      65-acre property featuring a 14+ acre clear-water pond.
      1020 K-99, Sedan, KS 67361
      View Details
    • $124,900
      1,326 SF

      Sedan Restaurant & Storage Investment

      Turnkey Restaurant Plus Storage Units
      403 Main St, Sedan, KS 67361
      View Details
    • $248,000
      80.00 Acres

      Versatile Land Near Sedan, Kansas

      80-acre property with timber, pasture, creek, and building potential.
      2046 Frontier Rd, Sedan, KS 67361
      View Details
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    403 Main St
    Sedan, KS 67361
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    Realmo Value Estimation

    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.

    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.

    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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