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

    1205 1st St Newton, KS 67114-4002

    • Motels
    • 39,984 SF
    • 1.30 lot acres
    OFF-MARKET
    Value Estimations
    $1,745,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US33-0147960
    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

    • Comfort Inn & Suites near Bethel College / Hotel & Motel

    Property Details for 1205 1st St

    Year built
    2010
    Lot size
    1.30 lot acres
    Property size
    39,984 SF
    Zone code
    C-2
    Property type
    Motels
    APN
    095-21-0-10-02-004.00-0
    APU
    952101002004000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $2,810,000
      RETAIL STORES
      $2,650,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Newton
    County
    Harvey
    State
    Kansas
    Longitude
    -97.326
    Latitude
    38.0422
    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
    $108,824
    $26,625
    $636,330
    $662,955
    -
    $106,500
    $2,545,320
    $2,651,820

    Comparable in this City

    • Value Estimation
      $1,135,000
      24,234 SF

      105 Manchester Ave

      MOTEL • 24,234 SF
      105 Manchester Ave, Newton, KS 67114-5023
      View Details
    • Value Estimation by Request
      8,848 SF

      1301 1st St

      MOTEL • 8,848 SF
      1301 1st St, Newton, KS 67114-4003
      View Details
    • Value Estimation
      $650,000
      14,406 SF

      1620 2nd St

      MOTEL • 14,406 SF
      1620 2nd St, Newton, KS 67114-5020
      View Details
    • Value Estimation
      $1,685,000
      38,744 SF

      1430 Broadway Ct

      MOTEL • 38,744 SF
      1430 Broadway Ct, Newton, KS 67114-2519
      View Details
    • Value Estimation by Request
      0.18 Acres

      Sherman St

      HOTEL/MOTEL • 0.18 Acres
      Sherman St, Newton, KS 67114
      View Details
    • Value Estimation by Request

      708 Cottonwood Ln

      Multifamily properties
      708 Cottonwood Ln, Newton, KS 67114
      View Details

    Similar Nearby for Sale

    • Contact for pricing

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      Prime highway land, flexible sizes, high visibility.
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      Historic Newton Office Building

      Landmark Office, 5,329 sq ft, 0.43 acres
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    • $235,000

      12-Space Mobile Home Community

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    • $235,000

      12-Space Mobile Home Community

      Mobile home community near Bethel College with public utilities.
      Newton, KS 67114
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    • $750,000
      15,125 SF

      Prime Newton Commercial Space

      Versatile Main Street Property - For Sale/Lease
      722 Main St, Newton, KS 67114
      View Details
    • $290,000

      Land For Sale Newton, KS

      Land available for purchase in Newton, Kansas.
      1223 Washington Rd, Newton, KS 67114
      View Details

    Similar Nearby for Lease

    • $6 SF/Yr
      4,200 SF

      Main Street Retail Space Available

      High-traffic Newton, KS retail space for lease.
      1417 Main St, Newton, KS 67114
      View Details
    • $10,038,000

      Newton Industrial Buildings For Lease

      Three industrial buildings available for lease in Newton, Kansas.
      810 S Columbus Ave, 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
    • $16 SF/Yr
      18,304 SF

      405 Windward Dr

      Retail properties • 18,304 SF
      405 Windward Dr, 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
    • $6 SF/Yr
      16,480 SF

      Harvey County Warehouse with Yard

      16,480 SF warehouse with fenced yard in Harvey County.
      1535 NW 36Th St, Newton, KS 67114
      View Details

    Property Visit Statistics

    • Visits by month
      4.6k
    • Visitors by month
      1.6k
    • Avg Time on site
      399 min
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    1205 1st St
    Newton, KS 67114-4002
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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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