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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1200 Washington Rd Newton, KS 67114-4856

    • Office Properties & Spaces
    • 12,373 SF
    • 0.75 lot acres
    OFF-MARKET
    Value Estimations
    $1,220,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US33-0846373
    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.

    Current Use by Public Records

    • Berkshire Hathaway HomeService / Real Estate Agency
    • Midway Motors Buick GMC in Newton - Parts / Auto Parts Store
    • Berkshire Hathaway HomeServices PenFed Realty / Real Estate Agency
    • GMC at MIDWAY MOTORS / Car Dealership
    • Fastenal / Big Box & Wholesale Store / Construction Company

    Property Details for 1200 Washington Rd

    Year built
    1955
    Lot size
    0.75 lot acres
    Property size
    12,373 SF
    Property type
    Office Properties & Spaces
    APN
    094-20-0-40-09-009.01-0
    APU
    942004009009010

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,272,000
      Market price range: $336k - $1.38M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $870,000
      Current use
      RESTAURANT
      $1,615,000
      Change: +85% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $1,360,000
      Change: +56% Conversion: Difficult
      OFFICE BUILDING
      $1,310,000
      Change: +51% Conversion: Easy
      MEDICAL BUILDING
      $1,100,000
      Change: +26% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $1,025,000
      Change: +18% Conversion: Moderate
      RETAIL STORES
      $820,000
      Change: -6% Conversion: Easy
      WAREHOUSE, STORAGE
      $815,000
      Change: -6% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Newton
    County
    Harvey
    State
    Kansas
    Longitude
    -97.337
    Latitude
    38.0302
    CBSA code
    48620
    CBSA name
    WICHITA, KS METROPOLITAN 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
    2022
    $14,299
    $12,500
    $84,660
    $97,160
    -
    $50,000
    $338,640
    $388,640

    Comparable in this City

    • Value Estimation
      $1,200,000
      11,664 SF

      600 Spencer Rd

      OFFICE (GENERAL) • 11,664 SF
      600 Spencer Rd, Newton, KS 67114-4101
      View Details
    • Value Estimation
      $8,510,000
      63,340 SF

      831 Columbus Ave

      OFFICE (GENERAL) • 63,340 SF
      831 Columbus Ave, Newton, KS 67114-5200
      View Details
    • Value Estimation by Request
      2,640 SF

      1130 Cory Rd

      OFFICE (GENERAL) • 2,640 SF
      1130 Cory Rd, Newton, KS 67114-5434
      View Details
    • Value Estimation by Request
      9,467 SF

      1801 Main St

      OFFICE (GENERAL) • 9,467 SF
      1801 Main St, Newton, KS 67114-1925
      View Details
    • Value Estimation by Request
      12,626 SF

      708 Main St

      Individual retail properties • 12,626 SF
      708 Main St, Newton, KS 67114
      View Details
    • Value Estimation by Request
      6,600 SF

      202 4th St

      OFFICE (GENERAL) • 6,600 SF
      202 4th St, Newton, KS 67114-2243
      View Details

    Similar Nearby for Sale

    • $600,000
      5,329 SF

      Historic Newton Office Building

      Landmark Office, 5,329 sq ft, 0.43 acres
      725 Main St, Newton, KS 67114
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    • $600,000

      Newton Office Building For Sale

      Office building available for purchase in Newton, Kansas.
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    • $600,000

      Historic Newton Office Building For Sale

      Historic 1910 Newton building with spacious offices and entertainment hall.
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    • $96,875
      6.25 Acres

      Newton, KS Commercial Land - 6.25 Acres

      Prime Industrial/Commercial Land, I-135 Visibility
      0 Schaben Ct, Newton, KS 67114
      View Details
    • $160,000

      Victoria Centre Buildable Lot

      Final buildable lot in Victoria Centre development.
      Sutton Dr, Newton, KS 67114
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    • Contact for pricing

      I-135 Newton Pad Sites for Sale

      Prime highway land, flexible sizes, high visibility.
      1525 1St St, Newton, KS 67114
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    Similar Nearby for Lease

    • Contact for pricing
      3,400 SF

      Historic Newton Flex Space

      3,400 SF Flex Space, Ideal Location
      201 1St St, Newton, KS 67114
      View Details
    • Contact for pricing
      7,000 SF

      Prime Newton Office Space

      7,000 SF Office/Retail Available
      1001 Main St, Newton, KS 67114
      View Details
    • $10 SF/Yr
      5,740 SF

      North Newton Office/Retail Space

      Class-A office and retail spaces for lease in North Newton.
      3179 N Main St, North Newton, KS 67114
      View Details
    • $8 SF/Yr
      8,712 SF

      Downtown Newton Office Space Available

      Flexible office space in Newton's heart with parking.
      123 E Broadway St, Newton, KS 67114
      View Details
    • $4,500 /Mo
      3,000 SF

      Former Physical Therapy Office Space

      3000 SF office space suitable for various businesses.
      2309 S Kansas Rd, Newton, KS 67114
      View Details
    • $9 SF/Yr
      2,950 SF

      Renovated Office Space with Garage

      Modern office space with parking and flexible storage options.
      130 E 4Th St, Newton, KS 67114
      View Details
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    1200 Washington Rd
    Newton, KS 67114-4856
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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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