Technical
Financial
Distress signals
Property profile

1001 N Main St Newton, KS 67114

FOR LEASE
Retail space
Property ID
US33-0135776
7,373 SF 0.69 ac lot Built 2005
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 7,000 square foot commercial property, located at 1001 N Main St in Newton, Kansas (zip code 67114), presents a significant leasing opportunity. The property is classified as Class C and offers a flexible layout suitable for various retail or office uses, including executive office space, storefront, and strip center configurations. Currently, 5,800 square feet of space is immediately available, divisible into units as small as 1,200 square feet, with a maximum contiguous space of 5,800 square feet. The building features ample parking with 38 spaces available for tenants and customers. Its prime location on North Main Street ensures high visibility and easy accessibility, creating a strong foundation for any business seeking a prominent presence in the thriving Newton market. The property's modern design elements and well-maintained interior provide a polished and inviting atmosphere. This is an ideal opportunity for businesses seeking a versatile and conveniently located space in a bustling Kansas community. The property is multi-tenant.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2005
Construction FRAME
Total area 7,373 SF
Lot 0.69 ac (30,056 SF)
Zoning code C-1
APN 094-17-0-20-12-016.00-0
UPID US33-0135776

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Big Box & Wholesale Store Distribution Center

Location

1001 N Main St Newton, KS 67114
Newton metro Census 30200 WICHITA, KS METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$980k
Comparable Approach Comparable
$742k
Blend (final) Blend
$705k

Owner & transaction history

Zoning & alternative use

C-1 · Newton, KS
Zoning description

C-1 Neighborhood Business District C-2 General Business District C-3 Central Business District I-1 Light Industrial District I-2 General Industrial District I-3 Heavy Industrial District F-P Flood Plain Overlay District…

General category COMMERCIAL
Top alternative use upside
Restaurant $960,000 +96.6%
Auto repair, garage $810,000 +65.5%
Office building $780,000 +59.6%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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More about this property
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