Property profile

1620 Fort Riley Blvd Manhattan, KS 66502

FOR LEASE
Strip malls
Property ID
US33-0786865
12,271 SF 0.87 ac lot Built 2009
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

Prime Manhattan, Kansas executive office space available for lease at Parkwood Center, situated at a high-traffic intersection (17th & Fort Riley Boulevard) boasting over 25,000 vehicles per day. This 1,750 square foot space is part of a thriving neighborhood shopping center, offering excellent visibility and accessibility. The center enjoys a diverse tenant mix, including established food service providers, a grocery store, and a fitness center, creating a vibrant and convenient environment for employees and clients. Its location adjacent to a popular hotel further enhances its appeal and accessibility. This multiple-tenancy building offers a well-established retail and office environment within Riley County. The space is ideal for businesses seeking a prominent location with high foot traffic and convenient amenities. The property's strategic placement ensures maximum exposure and easy access for both employees and customers. This is a rare opportunity to secure a well-positioned executive office suite in a bustling commercial center. Inquire today to learn more about lease terms and availability.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2009
Total area 12,271 SF
Lot 0.87 ac (37,897 SF)
APN 204-18-2-60-31-005.01-0
UPID US33-0786865

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Gym & Fitness Center
  • (Bike/Boat/Book/etc) Store
  • Restaurant
  • Restaurant

Location

1620 Fort Riley Blvd Manhattan, KS 66502
Manhattan metro Census 802 MANHATTAN, KS MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$600k
CAP Approach CAP
by Request
Comparable Approach Comparable
$740k
Blend (final) Blend
$670k

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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