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    Property profile & analytics

    1701 Kansas Rd Newton, KS 67114-8755

    • Outlet malls
    • 93,229 SF
    • 18.28 lot acres
    OFF-MARKET
    Value Estimations
    $10,885,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US33-0179175
    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

    • Walmart Pharmacy / Pharmacy
    • Walmart Baby & Nursery Services / Social Service Agency / Community Center
    • Walmart Pet Services / Kennel & Boarding Facility
    • Walmart Patio & Garden Services / Landscaping / General Contractor
    • Dr. Scott Trunecek / Physician

    Property Details for 1701 Kansas Rd

    Year built
    1995
    Lot size
    18.28 lot acres
    Property size
    93,229 SF
    Property type
    Outlet malls
    Property subtype
    Shopping centers
    APN
    099-29-0-10-04-001.01-0
    APU
    992901004001010

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $13,425,000
      6.5%
      $12,390,000
      7%
      $11,505,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $9,376,000
      Market price range: $3.55M - $9.38M

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $12,150,000
      AUTO REPAIR, GARAGE
      $10,230,000
      OFFICE BUILDING
      $9,865,000
      MEDICAL BUILDING
      $8,280,000
      APARTMENT HOUSE (5+ UNITS)
      $7,720,000
      COMMERCIAL (GENERAL)
      $6,555,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Newton
    County
    Harvey
    State
    Kansas
    Longitude
    -97.3388
    Latitude
    38.0234
    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
    $355,893
    $951,500
    $1,666,065
    $2,617,565
    -
    $3,806,000
    $6,664,260
    $10,470,260

    Comparable in this City

    • Value Estimation
      $700,000
      7,600 SF

      1601 Anderson Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 7,600 SF
      1601 Anderson Ave, Newton, KS 67114-9062
      View Details
    • Value Estimation
      $635,000
      6,576 SF

      109 Main St

      WHOLESALE OUTLET, DISCOUNT STORE • 6,576 SF
      109 Main St, Newton, KS 67114-3440
      View Details
    • Value Estimation by Request
      3,520 SF

      6479 1st St

      WHOLESALE OUTLET, DISCOUNT STORE • 3,520 SF
      6479 1st St, Newton, KS 67114
      View Details
    • Value Estimation
      $740,000
      7,762 SF

      1320 Kansas Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 7,762 SF
      1320 Kansas Ave, Newton, KS 67114-4909
      View Details
    • Value Estimation
      $875,000
      9,156 SF

      2305 Windsor Dr

      WHOLESALE OUTLET, DISCOUNT STORE • 9,156 SF
      2305 Windsor Dr, Newton, KS 67114
      View Details
    • Value Estimation by Request
      0.41 Acres

      36th St

      SHOPPING CENTER, STRIP CENTER • 0.41 Acres
      36th St, Newton, KS 67114
      View Details

    Similar Nearby for Sale

    • New
      Contact for pricing
      7,500 SF

      Prime Newton Commercial Opportunity

      7,500 sq ft commercial building in Newton, Kansas.
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    • $750,000
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      Prime Newton Commercial Space

      Versatile Main Street Property - For Sale/Lease
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      Land For Sale Newton, KS

      Land available for purchase in Newton, Kansas.
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    • $425,000
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      Renovated Office Space with Garage

      Modern office space with parking and flexible storage options.
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    • Contact for pricing
      286,800 SF

      Newton Warehouse and Distribution Facility

      286,800 SF warehouse and distribution facility in Newton, Kansas.
      900 S Meridian Rd, Newton, KS 67114
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    • New
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      9,575 SF

      Newton Office Building For Sale

      9,575 sq ft office building in retail strip.
      722 N Main St, Newton, KS 67114
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    Similar Nearby for Lease

    • 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
      4,200 SF

      Main Street Retail Space Available

      High-traffic Newton, KS retail space for lease.
      1417 Main St, Newton, KS 67114
      View Details
    • $5 SF/Yr
      23,030 SF

      Newton Retail Center Investment Opportunity

      Prime Downtown Newton retail space, 12,500 SF vacant.
      505 Poplar St, Newton, KS 67114
      View Details
    • Contact for pricing
      13,500 SF

      Prime Mixed-Use Development Opportunity

      80-acre mixed-use development with retail, office, and multi-family potential.
      S Kansas Ave, Newton, KS 67114
      View Details
    • $18 SF/Yr
      1,540 SF

      Retail Center Near Walmart

      Retail suites available in center anchored by Walmart Supercenter.
      405 Windward Dr, Newton, KS 67114
      View Details
    • Contact for pricing
      7,000 SF

      Retail Space Near Downtown Newton

      Retail space available near historic downtown Newton, Kansas.
      505 North Poplar St, Newton, KS 67114
      View Details
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    1701 Kansas Rd
    Newton, KS 67114-8755
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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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