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Property profile & analytics
FOR SALE
Auto shops

1017 E 13Th St Hays, KS 67601

11,049 SF 0.57 ac lot Built 1960
Entity Owned Absentee Owner Free & Clear
Property ID
US33-1516927
Property summary
AI-generated overview

This 11,049-square-foot auto shop located at 1017 E 13th Street in Hays, Kansas, is available for sale at $599,000. The property sits on a 0.57-acre lot and features a single-story building constructed in 1960, renovated in 1985. The building is zoned for Commercial General use and offers ample space with high ceilings. Previously used as a mechanic shop, this versatile property presents numerous possibilities for various commercial ventures. The property boasts significant paved parking for both employees and customers, ensuring convenient access. Its location near the intersection of 13th and Vine Streets provides excellent visibility and exposure. The proximity to a newly constructed school further enhances its appeal. An additional property across the street offers potential for future expansion. The property is currently vacant, with an occupancy date of December 31, 2023. The sale price equates to $54.21 per square foot. The property includes 24,830 square feet of air rights. This owner-user investment opportunity is listed as a Net NNN lease type, with no tenant credit rating available. The Wegele Family Trust currently owns the property. The property has historically shown a return on investment between 8% and 10%.

Property profile
Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1960
Construction FRAME
Total area 11,049 SF
Lot 0.57 ac (24,829 SF)
APN 138-34-0-30-07-009.00
UPID US33-1516927
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
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
WEGELE FAMILY TRUST
WEGELE FAMILY TRUST
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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