Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1519 2nd Ave Dodge City, KS 67801-6626
    Back to Search
    Property profile & analytics

    1519 2nd Ave, Dodge City, KS 67801-6626

    View on Map
    • Life science properties
    • 14,335 SF
    • 42.91 lot acres
    Off-Market
    Property ID
    US33-1205028
    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
    $620,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Life science properties

    Property Details for 1519 2nd Ave

    Year built
    2019
    Lot size
    42.91 lot acres
    Property type
    Life science properties
    APN
    171-02-0-40-02-009.00-0
    APU
    1710204002009000

    Description

    This exceptional 12,390 square foot distribution center, situated on a substantial 42.9-acre lot in Dodge City, Kansas, presents a compelling investment opportunity. Built in 2008, the property boasts a strategic location at the intersection of Highways 300 and 283, ensuring excellent accessibility and visibility. The building features impressive 18-foot sidewalls and 14-foot high doors, facilitating efficient loading and unloading. Inside, you'll find a well-designed office area, complete with a sales counter and showroom, ideal for a variety of distribution businesses. Ample paved parking is available for both employees and clients. The property is zoned for Commercial/Industrial/Agricultural use, offering flexibility for future expansion or adaptation. Currently leased, this property provides immediate income potential. The property's size and location make it suitable for a wide range of distribution and logistics operations. This is a rare opportunity to acquire a well-maintained, strategically located industrial property in a growing market. The asking price is $1,550,000. Broker co-op is available.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $620,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Dodge City
    County
    Ford
    State
    Kansas
    Longitude
    -100.02
    Latitude
    37.723
    CBSA code
    19980
    CBSA name
    DODGE CITY, 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
    2023
    $63,948
    $35,910
    $376,973
    $412,883
    -
    $143,440
    $1,507,890
    $1,651,330

    Comparable in this City

    • Value Estimation by Request
      8,820 SF

      1816 Wyatt Earp Blvd

      R&D FACILITY, LABS, PHARMA
      1816 Wyatt Earp Blvd, Dodge City, KS 67801-7091
      View Details
    • Value Estimation by Request
      0.85 Acres

      1211 Agnes St

      WASTE DISPOSAL, SEWAGE
      1211 Agnes St, Dodge City, KS 67801
      View Details
    • Value Estimation by Request
      146.00 Acres

      11023 Warrior Rd

      WASTE DISPOSAL, SEWAGE
      11023 Warrior Rd, Dodge City, KS 67801
      View Details
    • Value Estimation by Request
      11.20 Acres

      Lariat Way

      WASTE DISPOSAL, SEWAGE
      Lariat Way, Dodge City, KS 67801
      View Details
    • Value Estimation by Request
      10.90 Acres

      113 Rd Rd

      WASTE DISPOSAL, SEWAGE
      113 Rd Rd, Dodge City, KS 67801
      View Details
    • Value Estimation by Request
      9.46 Acres

      500 Kenneth St

      WASTE DISPOSAL, SEWAGE
      500 Kenneth St, Dodge City, KS 67801
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      12,240 SF

      Dodge City Industrial Warehouse

      12,240 SF warehouse with highway access in Dodge City.
      102 Pearl St, Dodge City, KS 67801
      View Details
    • $400,000

      Dodge City Warehouse For Sale

      12,240 SF warehouse with highway access in Dodge City.
      102 Pearl St, Dodge City, KS 67801
      View Details
    • $999,950
      29,000 SF

      Dodge City Warehouse/Office Investment

      Over 29,000 sq ft warehouse/office spaces with built-in income.
      1302 Rath Ave, Dodge City, KS 67801
      View Details
    • $2,100,000
      277.00 Acres

      Prime Development Land Opportunity

      277 acres of development land at strategic intersection.
      11490 E Wyatt Earp Blvd, Dodge City, KS 67801
      View Details
    • $43,000
      0.17 Acres

      Residential Lot in Dodge City

      Vacant lot in a quiet neighborhood, build your dream home.
      709 10Th Ave, Dodge City, KS 67801
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1519 2nd Ave
    Dodge City, KS 67801-6626
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1519 2nd Ave, Dodge City, KS, 67801
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!