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Property profile & analytics
FOR LEASE
Retail space
1001 N Main St Newton, KS 67114
Entity Owned
Absentee Owner
Free & Clear
Property ID
US33-0135776
For Lease
1 / 10
$705,000
1001 N Main St, Newton, KS 67114
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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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Highland Pure Water & Ice Big Box & Wholesale Store Distribution Center
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
FAMILY VIDEO MOVIE CLUB
FAMILY VIDEO MOVIE CLUB
Zoning & alternative use
C-1 · Newton, KS
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$960,000
+96.6%
Auto repair, garage
$810,000
+65.5%
Office building
$780,000
+59.6%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Newton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Newton submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,060,000
6.5%
$980,000
7%
$910,000
Alternative Use
Use
Estimation
RETAIL STORES
$490,000
Current use
RESTAURANT
$960,000
Change: +97% · Conversion: Easy
AUTO REPAIR, GARAGE
$810,000
Change: +66% · Conversion: Difficult
OFFICE BUILDING
$780,000
Change: +60% · Conversion: Easy
MEDICAL BUILDING
$655,000
Change: +34% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$610,000
Change: +25% · Conversion: Difficult
COMMERCIAL (GENERAL)
$520,000
Change: +6% · Conversion: Easy
WAREHOUSE, STORAGE
$485,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$705k
Range $635k – $776k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$96 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$19,077
Tax year 2022
Assessed value
$107,058
Assessed 2023
Previous assessed
$107,058
+0.0% YoY
Effective rate
17.82%
On assessed value
Assessed land
$13,125
Assessed improvement
$93,933
Land market value
$52,500
Improvement market value
$375,730
Total market value
$428,230
Applied tax rate
4.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Lease
Year built
2005
Construction
FRAME
Heating
YES
Cooling
YES
Stories
1
Units
1
Bathrooms
2
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
Jurisdiction
HARVEY
Zoning & alternative use
C-1 · Newton, KS
Zoning C-1 · permitted uses
C-1 · Newton, KS
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Newton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$490,000
RESTAURANT
Est. value
$960,000
AUTO REPAIR, GARAGE
Est. value
$810,000
OFFICE BUILDING
Est. value
$780,000
MEDICAL BUILDING
Est. value
$655,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$610,000
COMMERCIAL (GENERAL)
Est. value
$520,000
WAREHOUSE, STORAGE
Est. value
$485,000
RETAIL STORES Current
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE BUILDING
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2005
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
2
Lot
0.69 ac
Current owner
From public records · entity-resolved
FAMILY VIDEO MOVIE CLUB
Individual
Free & Clear · 0 yrs held
Mailing address
2701 W LAWRENCE AVE STE A, SPRINGFIELD, IL 62704-7215
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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