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Property profile & analytics
FOR LEASE
Investment properties
2029 Vanesta Pl Manhattan, KS 66503
Entity Owned
Absentee Owner
Free & Clear
Property ID
US33-0220736
For Lease
1 / 9
Contact for pricing
2029 Vanesta Pl, Manhattan, KS 66503
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Property summary
AI-generated overview
The GT Building, a Class A office property located at 2029 Vanesta Pl, Manhattan, KS 66503, offers exceptional executive and traditional office spaces. Built in 2015, this 7,600 square foot building sits on an 81,409 square foot lot and is zoned C. Currently, multiple tenancy options are available, with individual suites ranging from 162 to 339 square feet. Each suite provides privacy and features include a kitchenette, individual mailbox, and secured building access after hours. The building boasts a shared executive-style conference room and community break room, enhancing collaboration and convenience. Ample off-street parking is provided. This prime location backs to the Colbert Hills Golf Course, offering a tranquil and prestigious setting. The gross lease includes all utilities, simplifying budgeting and management. Common area cleaning, mail access, electricity, and conference room access are all covered within the rent. This is an exceptional opportunity for businesses seeking a sophisticated and well-appointed office space in a desirable Manhattan location.
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
2015
Total area
14,454 SF
Lot
3.46 ac (150,718 SF)
Zoning code
PUD
APN
212-03-0-30-04-024.00-0
UPID
US33-0220736
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
-
Walls Counseling Services Psychotherapist Counselor
-
Kavanah Life Counseling Services, LLC Consultant
-
JForbes Counseling Crisis Center Medical Clinic
-
Roto-Rooter Plumbing & Water Cleanup Plumbing Service General Contractor
-
Jeff Hoover - Financial Advisor, Ameriprise Financial Services, LLC Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.35M
Comparable Approach
Comparable
$2.20M
Blend (final)
Blend
$2.28M
Owner & transaction history
PRICE, BARBARA A TRUST
PRICE, BARBARA A TRUST
Zoning & alternative use
PUD · Manhattan, KS
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.1M
+52.1%
Office building
$1.9M
+36.0%
Medical building
$1.7M
+20.6%
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 Manhattan submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Manhattan 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%
$2,550,000
6.5%
$2,350,000
7%
$2,185,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,410,000
Current use
RESTAURANT
$2,145,000
Change: +52% · Conversion: Difficult
OFFICE BUILDING
$1,920,000
Change: +36% · Conversion: Easy
MEDICAL BUILDING
$1,700,000
Change: +21% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,520,000
Change: +8% · Conversion: Difficult
RETAIL STORES
$1,435,000
Change: +2% · Conversion: Easy
Blend value · Realmo final
$2.28M
Range $2.05M – $2.50M · ±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
$157 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$66,420
Tax year 2022
Assessed value
$391,840
Assessed 2023
Previous assessed
$377,444
+3.8% YoY
Effective rate
16.95%
On assessed value
Assessed land
$88,176
Assessed improvement
$303,664
Land market value
$449,870
Improvement market value
$1,475,830
Total market value
$1,925,700
Applied tax rate
2.0000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
For Lease
Year built
2015
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
8
Bathrooms
1
Total area
14,454 SF
Lot
3.46 ac (150,718 SF)
Zoning code
PUD
APN
212-03-0-30-04-024.00-0
UPID
US33-0220736
Jurisdiction
RILEY
Zoning & alternative use
PUD · Manhattan, KSZoning PUD · permitted uses
PUD · Manhattan, KS
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
COMMERCIAL (GENERAL) Current
Est. value
$1.4M
RESTAURANT
Est. value
$2.1M
OFFICE BUILDING
Est. value
$1.9M
MEDICAL BUILDING
Est. value
$1.7M
AUTO REPAIR, GARAGE
Est. value
$1.5M
RETAIL STORES
Est. value
$1.4M
COMMERCIAL (GENERAL) Current
RESTAURANT
OFFICE BUILDING
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
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
2015
Heating
YES
Cooling
Yes
Stories
1
Units
8
Bathrooms
1
Lot
3.46 ac
Current owner
From public records · entity-resolved
PRICE, BARBARA A TRUST
Entity
Free & Clear · 0 yrs held
Mailing address
3509 SALTFLAT LN, MOUNT PLEASANT, SC 29466-9398
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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