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Property profile & analytics
FOR LEASE
Retail space
1012 Commercial St Emporia, KS 66801
Entity Owned
20-yr Hold
Free & Clear
Property ID
US33-1114011
For Lease
1 / 12
$610,000
1012 Commercial St, Emporia, KS 66801
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Property summary
AI-generated overview
This exceptional retail property at 1012 Commercial Street in Emporia, Kansas, offers 7,158 square feet of versatile space in a Class C strip center. Currently, 5,958 square feet are available, divisible into units as small as 1,200 square feet, with a maximum contiguous space of 5,958 square feet. The property boasts ample parking with 40 spaces, ensuring convenient access for customers. Its location on Commercial Street provides excellent visibility and high traffic exposure, ideal for attracting a wide customer base. The building features large storefront windows, allowing for abundant natural light to create an inviting atmosphere for shoppers. The modern and well-maintained exterior presents a professional image, while the spacious interior offers flexibility for various retail configurations. This property presents a significant opportunity for businesses seeking a prominent location in Emporia's thriving commercial district. The address is 1012 Commercial St, Emporia, KS 66801. This is a multi-tenant property.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2005
Total area
7,093 SF
Lot
0.6 ac (26,136 SF)
APN
192-10-0-40-08-006.00-0
UPID
US33-1114011
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$405k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$815k
Blend (final)
Blend
$610k
Owner & transaction history
Family Video Movie Club INC · 20 yrs held
Family Video Movie Club INC
since 2005
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$970,000
+76.6%
Restaurant
$895,000
+63.0%
Apartment house (5+ units)
$690,000
+25.6%
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 Emporia submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Emporia 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
$405,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$550,000
Current use
OFFICE BUILDING
$970,000
Change: +77% · Conversion: Easy
RESTAURANT
$895,000
Change: +63% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$690,000
Change: +26% · Conversion: Difficult
AUTO REPAIR, GARAGE
$590,000
Change: +7% · Conversion: Difficult
WAREHOUSE, STORAGE
$550,000
Change: +0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$495,000
Change: -10% · Conversion: Easy
Blend value · Realmo final
$610k
Range $549k – $671k · ±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
$86 / 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
$20,131
Tax year 2022
Assessed value
$179,660
Assessed 2023
Previous assessed
$123,275
+45.7% YoY
Effective rate
11.21%
On assessed value
Assessed land
$25,345
Assessed improvement
$154,315
Land market value
$101,380
Improvement market value
$617,260
Total market value
$718,640
Applied tax rate
5.0000
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
Heating
YES
Cooling
YES
Stories
1
Total area
7,093 SF
Lot
0.6 ac (26,136 SF)
APN
192-10-0-40-08-006.00-0
UPID
US33-1114011
Jurisdiction
LYON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$550,000
OFFICE BUILDING
Est. value
$970,000
RESTAURANT
Est. value
$895,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$690,000
AUTO REPAIR, GARAGE
Est. value
$590,000
WAREHOUSE, STORAGE
Est. value
$550,000
COMMERCIAL (GENERAL)
Est. value
$495,000
RETAIL STORES Current
OFFICE BUILDING
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
COMMERCIAL (GENERAL)
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
Heating
YES
Cooling
Yes
Stories
1
Lot
0.6 ac
Current owner
From public records · entity-resolved
Family Video Movie Club INC
Entity
Free & Clear · 20 yrs held
Mailing address
2500 LEHIGH AVE, GLENVIEW, IL 60026-8027
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 2, 2005
—
Family Video Movie Club INC
David Theel
Warranty Deed
—
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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