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Property profile & analytics
FOR LEASE
Office buildings
1700 E Iron Ave Salina, KS 67401
Entity Owned
Absentee Owner
Free & Clear
Property ID
US33-0646655
For Lease
1 / 19
$15 SF/Yr
1700 E Iron Ave, Salina, KS 67401
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Property summary
AI-generated overview
The Board of Trade Building, a single-story, Class A office property totaling 48,505 square feet, presents a unique investment opportunity. Built in 1958 and renovated in 1972, this Saline County property offers multiple tenancy options, with a minimum divisible space of 2,000 square feet and a maximum contiguous space of 5,000 square feet. Currently, 10,585 square feet are vacant, providing immediate opportunities for occupancy. The building boasts an impressive 11-foot ceiling height and is situated on a substantial 218,504 square foot lot, ensuring ample parking. Its C-2 zoning allows for a variety of commercial uses. The building features on-site maintenance and janitorial services, common area restrooms, and a professional tenant mix. This traditional office space also offers creative office options, making it suitable for a diverse range of businesses. Located near Iowa Avenue, this property offers convenient access and high visibility. Competitive full-service lease rates are available.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1981
Construction
FRAME
Total area
40,791 SF
Lot
5 ac (217,800 SF)
APN
094-18-0-10-02-001.00
UPID
US33-0646655
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.34M
Blend (final)
Blend
$4.30M
Owner & transaction history
BOARD TRADE MANAGEMENT LLC
BOARD TRADE MANAGEMENT LLC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Salina submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Salina submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$5,790,000
Current use
RESTAURANT
$5,435,000
Change: -6% · Conversion: Moderate
MEDICAL BUILDING
$4,705,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$4.30M
Range $3.87M – $4.73M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$105 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$75,515
Tax year 2023
Assessed value
$546,003
Assessed 2023
Previous assessed
$546,003
+0.0% YoY
Effective rate
13.83%
On assessed value
Assessed land
$87,440
Assessed improvement
$458,563
Land market value
$349,760
Improvement market value
$1,834,250
Total market value
$2,184,010
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1981
Construction
FRAME
Heating
HOT WATER
Cooling
AC.CHILLED WATER
Total area
40,791 SF
Lot
5 ac (217,800 SF)
APN
094-18-0-10-02-001.00
UPID
US33-0646655
Jurisdiction
SALINE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$5.8M
RESTAURANT
Est. value
$5.4M
MEDICAL BUILDING
Est. value
$4.7M
OFFICE BUILDING Current
RESTAURANT
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1981
Construction
FRAME
Heating
HOT WATER
Cooling
Yes
Lot
5 ac
Current owner
From public records · entity-resolved
BOARD TRADE MANAGEMENT LLC
Entity
Free & Clear · 0 yrs held
Mailing address
1920 S OHIO ST, SALINA, KS 67401-6643
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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