2031 6th Ave Emporia, KS 66801-6464
Property profile & analytics
2031 6th Ave Emporia, KS 66801-6464
- Industrial properties
- 0.50 lot acres
Property ID
US33-1212164
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.
Location Intelligence
Current Use by Public Records
- Xpress Wellness Urgent Care - Emporia / Medical Clinic
Property Details for 2031 6th Ave
- Year built
- 2023
- Lot size
- 0.50 lot acres
- Property type
- Industrial properties
- Property subtype
- Industrial live-work properties
- APN
- 195-16-0-20-05-002.02-0
- APU
- 1951602005002020
Description
This exceptional investment opportunity presents a brand-new, 3,000 square foot medical office building in Emporia, Kansas. Located at 2031 W 6th Ave, this property boasts a 100% occupancy rate with a long-term, absolute triple-net (NNN) lease to Xpress Wellness Urgent Care, a tenant recently acquired by Goldman Sachs. The lease commenced August 1, 2023, and extends through July 31, 2038, with a remaining term of approximately 13.7 years. The lease includes annual rent bumps of 1.25% beginning in year three, and three five-year option periods. The tenant provides a corporate guarantee, ensuring a secure investment. The property features a 20-year roof warranty and sits on a 0.44-acre lot. The asking price is $2,251,714, representing a compelling cap rate of 7.00% and a price per square foot of $750.57. The strong demographics of the area, with over 23,979 residents and an average household income exceeding $61,837 within a three-mile radius, further enhance the investment potential. Emporia's strategic location at the intersection of US Route 50 and Interstates 335 and 35 provides excellent accessibility. The property benefits from a vibrant commercial environment, with neighboring tenants including well-known national and regional brands such as Tyson Fresh Meats, O'Reilly Auto Parts, and many more. This is a rare opportunity to acquire a high-quality, net-leased medical office building with significant long-term growth potential. The Net Operating Income (NOI) is $157,620. The building was constructed in 2023.
Value Estimations
based on Realmo’s proprietary methodology
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CAP approach
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Location Insight
- Map
- Local Demand
- City
- Emporia
- County
- Lyon
- State
- Kansas
- Longitude
- -96.2057
- Latitude
- 38.4049
- CBSA code
- 21380
- CBSA name
- EMPORIA, 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
2022
$1,666
$0.00
$0.00
$0.00
-
$0.00
$0.00
$0.00
