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    1019 Main St Winfield, KS 67156

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    1019 Main St Winfield, KS 67156

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    • Retail space
    • 1,975 SF
    • 0.08 lot acres
    For Sale
    $150,000
    View Listing →
    Winfield Retail/Office Opportunity For Sale
    $150,000
    1,975 SF

    Winfield Retail/Office Opportunity

    Retail or office space in Winfield's shopping district.

    1019 Main St, Winfield, KS 67156
    View Listing
    Property ID
    US33-0263265
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail space

    Property Details for 1019 Main St

    Year built
    1920
    Construction
    FRAME
    Lot size
    0.08 lot acres
    Property size
    1,975 SF
    Zone code
    C3
    Property type
    Retail space
    APN
    178-28-0-20-29-008.00-0
    APU
    1782802029008000

    Description

    This exceptional 1,975 square foot storefront, located at 1019 Main Street in Winfield, Kansas, presents a unique investment opportunity. Priced at $150,000 ($75.95/sq ft), this property boasts a desirable location within Winfield's vibrant Round Shopping District. Built in 1920, the building retains charming historical details while offering a modern, open design, perfect for immediate occupancy. The C-4 zoning allows for versatile retail or office use. The property features a large glass storefront, maximizing visibility and attracting customers. Convenient parking is available both in the rear of the building and on the street. The lot size is 0.08 acres, providing ample space for operations and potential future expansion. This is an excellent chance to acquire a well-situated retail space in a thriving Kansas community. The property is ready for immediate re-occupation, offering a turnkey solution for a new business or an expansion opportunity for an existing one. Don't miss this chance to own a piece of Winfield's Main Street. The address is 1019 Main St, Winfield, KS 67156.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Winfield
    County
    Cowley
    State
    Kansas
    Longitude
    -96.9976
    Latitude
    37.2385
    CBSA code
    49060
    CBSA name
    WINFIELD, KS MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2021
    $3,268
    $2,133
    $16,718
    $18,851
    -
    $8,530
    $66,870
    $75,400

    Comparable in this City

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      1,500 SF

      715 Main St

      RETAIL STORES (PERSONAL SERVICES) • 1,500 SF
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      5,576 SF

      2010 Main St

      RETAIL STORES (PERSONAL SERVICES) • 5,576 SF
      2010 Main St, Winfield, KS 67156-5402
      View Details
    • Value Estimation
      $690,000
      9,422 SF

      200 9th Ave

      RETAIL STORES (PERSONAL SERVICES) • 9,422 SF
      200 9th Ave, Winfield, KS 67156-2818
      View Details
    • Value Estimation
      $1,430,000
      19,553 SF

      112 9th Ave

      RETAIL STORES (PERSONAL SERVICES) • 19,553 SF
      112 9th Ave, Winfield, KS 67156-2816
      View Details
    • Value Estimation by Request
      1,978 SF

      1720 Main St

      RETAIL STORES (PERSONAL SERVICES) • 1,978 SF
      1720 Main St, Winfield, KS 67156-4934
      View Details

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      Retail Space in Winfield, KS

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      1,975 SF

      Winfield Retail/Office Opportunity

      Retail or office space in Winfield's shopping district.
      1019 Main St, Winfield, KS 67156
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      Winfield Office/Warehouse Space Available

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    View Listing
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    Winfield, KS 67156
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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