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Property profile & analytics
OFF-MARKET
Estimated value
$2,110,000
Drug stores
119 6th Ave El Dorado, KS 67042-1934
Entity Owned
Free & Clear
Property ID
US33-0164106
Property summary
AI-generated overview
This exceptional Class A retail property, located at 119 W 6th Ave in El Dorado, Kansas, presents a compelling investment opportunity. The 14,990 square foot building, constructed in 2007, sits on a 1.1-acre lot and boasts a prominent corner location at the signalized intersection of Main Street and 6th Avenue, offering significant street frontage. The building features a steel frame, brick and block exterior, and a modified bitumen roof. Ample parking is available with approximately 57 spaces on the asphalt surface. The interior is currently vacant, having previously housed a Walgreens pharmacy. The property is zoned C-1 and includes a total of 46,860 square feet of land across one parcel. The asking price is $850,000, with a price per square foot of $56.70. The 2023 property taxes were $39,760.85. This two-story free-standing building offers significant potential for a variety of retail uses. The substantial size and prime location make this a rare opportunity in the El Dorado market. All offers are subject to the Walgreens Real Estate Committee.
Property profile
Verified
Property type
Drug stores
Use group
DRUG STORE, PHARMACY
Year built
2007
Construction
CONCRETE BLOCKS
Total area
14,990 SF
Lot
1.08 ac (47,045 SF)
APN
008-211-02-0-10-03-005.00-0
UPID
US33-0164106
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
-
FedEx OnSite Postal Service Courier Service
-
Anna K. Johnson, PharmD Pharmacy
-
Capitol Federal ATM Atm
-
Western Union Bank Credit Union
-
COVID-19 Drive-Thru Testing at Walgreens Medical Laboratory
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.99M
Comparable Approach
Comparable
$2.23M
Blend (final)
Blend
$2.11M
Owner & transaction history
Excluded Property Propco LLC
Excluded Property Propco LLC
since 2025
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.2M
+64.3%
Commercial (general)
$1.7M
+31.2%
Office building
$1.5M
+15.9%
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 El Dorado submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs El Dorado 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%
$2,160,000
6.5%
$1,990,000
7%
$1,850,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,330,000
Current use
RESTAURANT
$2,185,000
Change: +64% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,745,000
Change: +31% · Conversion: Easy
OFFICE BUILDING
$1,545,000
Change: +16% · Conversion: Easy
MEDICAL BUILDING
$1,460,000
Change: +10% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,380,000
Change: +4% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,340,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$2.11M
Range $1.90M – $2.32M · ±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
$141 / 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 2019Property tax & assessments
Tax year 2019
Tax billed
$65,307
Tax year 2019
Assessed value
$474,751
Assessed 2023
Previous assessed
$474,751
+0.0% YoY
Effective rate
13.76%
On assessed value
Assessed land
$18,698
Assessed improvement
$456,053
Land market value
$74,790
Improvement market value
$1,824,210
Total market value
$1,899,000
Applied tax rate
7.0000
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
Drug stores
Use group
DRUG STORE, PHARMACY
Status
Off-Market
Year built
2007
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
YES
Total area
14,990 SF
Lot
1.08 ac (47,045 SF)
APN
008-211-02-0-10-03-005.00-0
UPID
US33-0164106
Jurisdiction
BUTLER
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
$1.3M
RESTAURANT
Est. value
$2.2M
COMMERCIAL (GENERAL)
Est. value
$1.7M
OFFICE BUILDING
Est. value
$1.5M
MEDICAL BUILDING
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$1.4M
WAREHOUSE, STORAGE
Est. value
$1.3M
RETAIL STORES Current
RESTAURANT
COMMERCIAL (GENERAL)
OFFICE BUILDING
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
2007
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Lot
1.08 ac
Current owner
From public records · entity-resolved
Excluded Property Propco LLC
Entity
Free & Clear · 0 yrs held
Mailing address
PO BOX 1159, DEERFIELD, IL 60015-6002
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 26, 2025
—
Excluded Property Propco LLC
Waltrust Properties INC
Special Warranty Deed
—
Feb 12, 2008
—
Waltrust Properties INC
Walgreen
Warranty Deed
—
Feb 5, 2008
—
Walgreen Co
Bencor Of El Dorado
Warranty Deed
related
—
Jan 4, 2007
—
Bencor Of El Dorado
Provo,charles F & Margaret A
Warranty Deed
related
—
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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