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Property profile & analytics
OFF-MARKET
Retail space
1005 Washington St Ellis, KS 67637-1614
Individually Owned
Absentee Owner
Free & Clear
Property ID
US33-1184418
Property summary
AI-generated overview
This exceptional investment opportunity presents three commercial storefronts totaling 2,792 square feet located at 1005 Washington St, Ellis, KS 67637. The property is zoned for commercial use and currently features a 66% occupancy rate across its three units. Each unit is individually metered. The asking price is $120,000, translating to $42.98 per square foot. The lease type is gross, with a remaining lease term of one year on at least one of the units. The sale includes the buildings and land only
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1929
Total area
2,516 SF
Lot
0.13 ac (5,663 SF)
APN
153-08-0-10-23-007.00
UPID
US33-1184418
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
-
Koerner Chiropractic & Physical Therapy Alternative Medicine Practice
-
Whistle Stop Laundromat (Bike/Boat/Book/etc) Store
-
Carly Davis Physician
-
Trego County Rural Water District Water Utility Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
GREG SCHMIDT
GREG SCHMIDT
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Ellis submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ellis 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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 2023Property tax & assessments
Tax year 2023
Tax billed
$3,986
Tax year 2023
Assessed value
$23,183
Assessed 2024
Previous assessed
$22,508
+3.0% YoY
Effective rate
17.19%
On assessed value
Assessed land
$1,075
Assessed improvement
$22,108
Land market value
$4,300
Improvement market value
$88,430
Total market value
$92,730
Applied tax rate
20.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Off-Market
Year built
1929
Heating
YES
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Units
1
Total area
2,516 SF
Lot
0.13 ac (5,663 SF)
APN
153-08-0-10-23-007.00
UPID
US33-1184418
Jurisdiction
ELLIS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1929
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Units
1
Lot
0.13 ac
Current owner
From public records · entity-resolved
GREG SCHMIDT
Individual
Free & Clear · 0 yrs held
Mailing address
890 ELLIS AVE, ELLIS, KS 67637-9467
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.
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