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    Property profile & analytics

    2007 Broadway St Pittsburg, KS 66762

    • Auto shops
    • 4,300 SF
    • 0.34 lot acres
    For Sale
    View listing
    $1,100,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US33-1187682
    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

    • Loughmiller Motors / Used Car Dealer

    Property Details for 2007 Broadway St

    Year built
    1930
    Lot size
    0.34 lot acres
    Property size
    4,300 SF
    Property type
    Auto shops
    APN
    204-18-0-40-11-024.00-0
    APU
    2041804011024000

    Description

    This exceptional Pittsburg, KS investment opportunity presents a rare chance to acquire a highly desirable, high-traffic corner lot boasting significant frontage on both Broadway Street and West 20th Street. The property encompasses five parcels totaling 0.34 acres, strategically assembled over 35 years to maximize its commercial potential. Two corner lots (CP-2) provide excellent visibility and accessibility, complemented by two additional vacant lots (R-1C) and a separate lot at 106 W 20th St (R1-C). This unique configuration offers approximately 200 feet of frontage on Broadway Street and approximately 312 feet on West 20th Street, presenting a multitude of development possibilities. The seller's long-term ownership underscores the property's stability and desirability. The substantial frontage and multiple parcels create an unparalleled opportunity for a variety of commercial ventures. This is a truly exceptional offering in a prime location, rarely available in the market. The property is priced at $1,100,000. Serious inquiries only.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $285,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $288,000
      Market price range: $221k - $494k

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $380,000
      Current use
      OFFICE BUILDING
      $360,000
      Change: -5% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $335,000
      Change: -11% Conversion: Moderate
      RETAIL STORES
      $320,000
      Change: -15% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Pittsburg
    County
    Crawford
    State
    Kansas
    Longitude
    -94.7053
    Latitude
    37.4262
    CBSA code
    38260
    CBSA name
    PITTSBURG, 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
    $4,338
    $19,225
    $9,516
    $28,741
    -
    $92,380
    $38,870
    $131,250

    Comparable in this City

    • Value Estimation
      $295,000
      5,775 SF

      801 20th St

      AUTO REPAIR, GARAGE • 5,775 SF
      801 20th St, Pittsburg, KS 66762-2847
      View Details
    • Value Estimation
      $245,000
      8,040 SF

      Pittsburg, KS 66762

      AUTO REPAIR, GARAGE • 8,040 SF
      Pittsburg, KS 66762
      View Details
    • Value Estimation
      $240,000
      3,060 SF

      1117 220th St

      AUTO REPAIR, GARAGE • 3,060 SF
      1117 220th St, Pittsburg, KS 66762-6851
      View Details
    • Value Estimation
      $235,000
      0.20 Acres

      1708 Broadway St

      AUTO REPAIR, GARAGE • 0.20 Acres
      1708 Broadway St, Pittsburg, KS 66762
      View Details
    • Value Estimation
      $240,000
      1,900 SF

      10733 Hwy 69

      AUTO REPAIR, GARAGE • 1,900 SF
      10733 Hwy 69, Pittsburg, KS 66762-9039
      View Details
    • Value Estimation
      $220,000
      1,008 SF

      220th St

      AUTO REPAIR, GARAGE • 1,008 SF
      220th St, Pittsburg, KS 66762
      View Details

    Similar Nearby for Sale

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      Historic Multi-Use Pittsburg Property

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      Commercial Brick Building in Pittsburg

      Commercial brick building in Pittsburg's North Broadway Business District.
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      Pittsburg Retail Pad Site For Sale

      High-traffic location, prime retail space.
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      Pittsburg Retail Center - For Sale

      High-traffic retail space, excellent visibility.
      2905 Broadway St, Pittsburg, KS 66762
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    Similar Nearby for Lease

    • $5 SF/Yr
      185,000 SF

      Local Shopping Mall and Complex

      Shopping mall and complex near Highway 169 and Pitt State.
      200 Centennial Dr, Pittsburg, KS 66762
      View Details
    • $4 SF/Yr
      2,500 SF

      Downtown Pittsburg Office Space

      Prime Corner Office, 2,500 sq ft
      105 4Th St, Pittsburg, KS 66762
      View Details
    • $17 SF/Yr
      1,979 SF

      Retail Space Near US 69

      1,979 SF retail space near major retailers and US-69.
      2832 N Broadway St, Pittsburg, KS 66762
      View Details
    • $25 SF/Yr
      1,375 SF

      Retail Space in Pittsburg Corridor

      Retail space in Pittsburg's primary retail corridor for lease.
      101 W 29Th St, Pittsburg, KS 66762
      View Details
    • $11 SF/Yr
      4,572 SF

      Prime Pittsburg Office Space

      Executive Suites, Ample Parking, High Visibility
      2807 Broadway St, Pittsburg, KS 66762
      View Details
    • $5 SF/Yr
      2,400 SF

      Downtown Pittsburg Office Space

      Prime location, newly renovated, 2,400 sq ft.
      111 4Th St, Pittsburg, KS 66762
      View Details
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    2007 Broadway St
    Pittsburg, KS 66762
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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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