Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    200 Centennial Dr Mcpherson, KS 67460-4017
    Back to Search
    Property profile & analytics

    200 Centennial Dr, Mcpherson, KS 67460-4017

    View on Map
    • Hotels
    • 49,142 SF
    • 3.24 lot acres
    Off-Market
    Property ID
    US33-1067430
    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
    $940,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • US Consolidated Farm Services Agency / Sustainability Organization
    • Hampton Inn McPherson / Hotel & Motel
    • Natural Resources Conservation / Sustainability Organization

    Property Details for 200 Centennial Dr

    Year built
    2015
    Lot size
    3.24 lot acres
    Property type
    Hotels
    APN
    137-26-0-20-04-001.03-0
    APU
    1372602004001030

    Description

    Exceptional opportunity to acquire a fee-simple, 73-key Hampton Inn in McPherson, Kansas. Built in 2016, this four-story, 1-building hotel sits on a 3-acre lot at 200 Centennial Dr, McPherson, KS 67460. Conveniently located near I-135, a major interstate, and within walking distance of restaurants and retail, including a Walmart Supercenter. The hotel benefits from its proximity to McPherson College, McPherson Museum & Foundation, and a recently opened Love's Travel Plaza. McPherson, a thriving town of 14,000, boasts a diverse business community with numerous national and international companies in pharmaceuticals, plastics, energy, and equipment manufacturing, including Pfizer, Johns Manville, and CertainTeed. The area's strong economy and central location contribute to the hotel's consistent revenue generation. The hotel features amenities such as a fitness center and meeting room, and boasts kitchenette suites. Currently ranked #1 of 8 hotels in the market on TripAdvisor, this smoke-free property presents a compelling investment opportunity, priced at under $93,000 per key and 30% below current new construction costs. While revenue is stabilizing after the opening of new competition, a manageable refresh is anticipated. This stabilized investment offers a rare chance to own a premium-branded hotel in a high-growth market. The asking price is $6,750,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $940,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Mcpherson
    County
    Mcpherson
    State
    Kansas
    Longitude
    -97.6291
    Latitude
    38.3723
    CBSA code
    32700
    CBSA name
    MCPHERSON, 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
    $104,452
    $98,398
    $570,528
    $668,926
    -
    $393,590
    $2,282,110
    $2,675,700

    Comparable in this City

    • Value Estimation by Request
      48,617 SF

      2229 Kansas Ave

      HOTEL
      2229 Kansas Ave, Mcpherson, KS 67460-4009
      View Details
    • Value Estimation
      $1,065,000
      21,294 SF

      2300 Plz E Pl

      HOTEL
      2300 Plz E Pl, Mcpherson, KS 67460-4019
      View Details
    • Value Estimation by Request
      14,604 SF

      2110 Kansas Ave

      MOTEL
      2110 Kansas Ave, Mcpherson, KS 67460-4008
      View Details
    • Value Estimation by Request
      6,946 SF

      111 Roosevelt St

      MOTEL
      111 Roosevelt St, Mcpherson, KS 67460-4605
      View Details
    • Value Estimation by Request
      3.00 Acres

      I-135 And Kansas Ave

      Individual retail properties
      I-135 And Kansas Ave, McPherson, KS 67460
      View Details
    • Value Estimation by Request
      1.43 Acres

      Hwy 56

      COMMERCIAL (GENERAL)
      Hwy 56, Mcpherson, KS 67460
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Hampton Inn McPherson For Sale

      Premium brand hotel in thriving McPherson, Kansas. Opened in 2016.
      200 Centennial Dr, McPherson, KS 67460
      View Details
    • $34,500
      0.24 Acres

      Residential Land in McPherson, Kansas

      Residential land available for custom home in McPherson, Kansas.
      1407 Curtiss Dr, McPherson, KS 67460
      View Details
    • $94,000
      0.31 Acres

      Residential Land in McPherson, Kansas

      Residential land for sale in an established McPherson neighborhood.
      Heritage Dr, McPherson, KS 67460
      View Details
    • $125,000
      0.69 Acres

      Commercial Build-Site Ready for Development

      Prime commercial land suitable for various professional businesses.
      1207 E 1St St, McPherson, KS 67460
      View Details
    • $35,000
      0.27 Acres

      Residential Land in McPherson, Kansas

      Residential land with alley access for building a single-family home.
      1217 Genesis Dr, McPherson, KS 67460
      View Details
    • $45,000
      0.33 Acres

      McPherson, KS Building Lot

      Residential lot suitable for duplex or single-family home.
      1329 Genesis Dr, McPherson, KS 67460
      View Details

    Similar Nearby for Lease

    • $1,261 /Mo

      Retail Space in High-Traffic Area

      Retail space available in high-traffic area near grocery store.
      1316 N Main St, McPherson, KS 67460
      View Details
    • $1.00 SF/Yr

      Retail Space in McPherson, Kansas

      Anchor store available for lease in upscale shopping center.
      210 S Centennial Dr, McPherson, KS 67460
      View Details
    • Contact for pricing
      6,720 SF

      Retail Space in Walmart Shadow

      Retail space available in a Walmart shadow center.
      2210 E Kansas Ave, McPherson, KS 67460
      View Details
    • $10,000 /Mo

      Warehouse Space in McPherson, Kansas

      30,000 SF warehouse space with truck docks.
      1337 W Kansas Ave, McPherson, KS 67460
      View Details
    • $2,887 /Mo

      Retail Space in High-Traffic Area

      Retail space available in a high-traffic location.
      1314 N Main St, McPherson, KS 67460
      View Details
    • $1,400 /Mo

      Remodeled Retail Space on Main

      Remodeled retail and office space in downtown McPherson.
      119 N Main St, McPherson, KS 67460
      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.
    200 Centennial Dr
    Mcpherson, KS 67460-4017
    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
    200 Centennial Dr, Mcpherson, KS, 67460
    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!