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Property profile & analytics
FOR SALE
Office buildings

1941 East 61St St N Park City, KS 67219

25,001 SF 2.84 ac lot Built 2016
Entity Owned Free & Clear
Property ID
US33-1420985
1941 East 61St St N, Park City, KS 67219 For Sale
Contact for pricing 25,001 SF
1941 East 61St St N, Park City, KS 67219
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Property summary
AI-generated overview

This exceptional mixed-use development in Park City, Kansas, presents a unique investment opportunity. Located on 48 acres at the southeast corner of 61st Street and Hydraulic Avenue, Park Centre is a master-planned community designed to create a vibrant downtown area. The development includes a central park, functioning as a farm and art market, providing a focal point for the community. Residential options include a substantial 416-unit apartment complex featuring a pool, amenity deck, and clubhouse, along with an 89-unit townhome complex. For commercial ventures, 96,000 square feet of leasable space is available, catering to a wide range of businesses. The project's anticipated completion date for the master plan is March 31st. This development offers a blend of residential and commercial opportunities, creating a dynamic and thriving community hub in Park City. The scale of the project, combined with its strategic location and diverse offerings, makes it an attractive proposition for investors seeking significant returns and long-term growth potential. The property is classified as Class A and offers a range of space options from 15,000 to 435,600 square feet, suitable for various commercial uses, including storefront and restaurant establishments. The development's design prioritizes community engagement and offers a unique blend of suburban living and retail experiences.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 2016
Total area 25,001 SF
Lot 2.84 ac (123,710 SF)
APN 087-095-15-0-22-04-001.00
UPID US33-1420985
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
Current use
Occupant on record · Public records
  • Isalis (Bike/Boat/Book/etc) Store
  • Party City Party Supply Store (Bike/Boat/Book/etc) Store
  • Skunk Funk Big Box & Wholesale Store
  • Carl's Trading Co Hat Shop
  • Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.48M
Blend (final) Blend
$3.48M
Owner & transaction history
CITY PARK CITY
CITY PARK CITY
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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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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