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    Property profile & analytics

    1218 28th St Belleville, KS 66935-2600

    • Retail space
    • 10,695 SF
    • 1.78 lot acres
    OFF-MARKET
    Value Estimation
    $410,000
    Location Intelligence
    Property ID
    US33-0255594
    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

    • Family Dollar / Dollar Store / Wine Store

    Property Details for 1218 28th St

    Year built
    2021
    Construction
    FRAME
    Lot size
    1.78 lot acres
    Property size
    10,695 SF
    Property type
    Retail space
    APN
    131-11-0-00-00-002.03-0
    APU
    1311100000002030

    Description

    This exceptional investment opportunity presents a 10,500 square foot, single-tenant net-leased convenience store in Belleville, Kansas. The property, built in 2021, boasts a strong 8.00% cap rate and a substantial net operating income (NOI) of $99,750. The property is situated on a 2.09-acre lot at 1218 28th St, Belleville, KS 66935. A 10-year lease with Dollar Tree/Family Dollar commenced August 30, 2021, and has approximately 6.8 years remaining. The lease includes 10% rent increases in each of the five, 5-year option periods. The tenant, a Fortune 500 company with an S&P investment-grade credit rating of BBB, is responsible for all operating expenses including parking lot maintenance, HVAC, utilities, insurance, and taxes. Landlord responsibilities are limited to roof and structure maintenance and parking lot replacement. The property's strategic location near Junction City, KS, and Fort Riley, a major military installation, provides a stable and growing market. Fort Riley's significant economic impact, exceeding $1.9 billion in fiscal year 2023, contributes to the area's robust retail environment. This investment offers a compelling combination of strong tenant credit, attractive financial metrics, and a desirable location. The asking price is $1,247,000, translating to a price per square foot of $118.76.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Belleville
    County
    Republic
    State
    Kansas
    Longitude
    -97.631
    Latitude
    39.8119

    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
    0
    $0.00
    $5,128
    $207,793
    $212,921
    -
    $20,510
    $831,170
    $851,680

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      1318 19th St

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    • Value Estimation by Request
      1,250 SF

      1305 18th St

      RETAIL STORES (PERSONAL SERVICES) • 1,250 SF
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      View Details
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    1218 28th St
    Belleville, KS 66935-2600
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    Realmo Value Estimation

    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.

    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.

    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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