Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    213 43rd St Hays, KS 67601-1110

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    213 43rd St Hays, KS 67601-1110

    View on Map
    • Retail space
    • 11,375 SF
    • 1.46 lot acres
    Off-Market
    Property ID
    US33-0963706
    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
    $1,155,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Popeyes / Restaurant

    Property Details for 213 43rd St

    Year built
    2019
    Lot size
    1.46 lot acres
    Property size
    11,375 SF
    Property type
    Retail space
    APN
    135-21-0-00-01-016.17
    APU
    135210000101617

    Description

    This exceptional Class A retail property, built in 2019, boasts 10,841 square feet on a spacious 50,094 square foot lot. Located at 213 W 43rd St in Hays, Kansas (zip code 67601), this single-story building offers multiple tenancies within a thriving commercial area. Its strategic location provides unparalleled visibility from I-70, ensuring high traffic and exposure for your business. The property benefits from its proximity to a Walmart Supercenter and two newly constructed national chain hotels (Fairfield Inn and Hilton Garden Inn). This prime location is further enhanced by its close proximity to a variety of established businesses, including Old Chicago, Wendy's, Applebee's, Mattress Hub, Verizon, and T-Mobile, creating a strong and diverse commercial environment. The property is zoned C and situated in Ellis County, Kansas. This is a rare opportunity to secure a highly visible and well-located retail space in a rapidly growing area. The property's modern construction and prime location make it an ideal investment for businesses seeking maximum exposure and accessibility. The large lot size offers ample parking and potential for future expansion.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,325,000
      Current use
      OFFICE BUILDING
      $1,680,000
      Change: +26% Conversion: Easy
      RESTAURANT
      $1,540,000
      Change: +16% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $1,120,000
      Change: -16% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Hays
    County
    Ellis
    State
    Kansas
    Longitude
    -99.3226
    Latitude
    38.9024
    CBSA code
    25700
    CBSA name
    HAYS, 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
    $30,814
    $66,780
    $175,493
    $242,273
    -
    $267,120
    $701,970
    $969,090

    Comparable in this City

    • Value Estimation by Request
      2.70 Acres

      1251 Spg Hl Rd

      RETAIL STORES (PERSONAL SERVICES) • 2.70 Acres
      1251 Spg Hl Rd, Hays, KS 67601
      View Details
    • Value Estimation by Request
      1,850 SF

      119 8th St

      RETAIL STORES (PERSONAL SERVICES) • 1,850 SF
      119 8th St, Hays, KS 67601-4430
      View Details
    • Value Estimation by Request
      1,125 SF

      331 8th St

      RETAIL STORES (PERSONAL SERVICES) • 1,125 SF
      331 8th St, Hays, KS 67601-4146
      View Details
    • Value Estimation by Request
      2,267 SF

      233 8th St

      RETAIL STORES (PERSONAL SERVICES) • 2,267 SF
      233 8th St, Hays, KS 67601-4148
      View Details
    • Value Estimation by Request
      1,864 SF

      112 9th St

      RETAIL STORES (PERSONAL SERVICES) • 1,864 SF
      112 9th St, Hays, KS 67601-4435
      View Details
    • Value Estimation by Request
      2,000 SF

      1007 Main St

      RETAIL STORES (PERSONAL SERVICES) • 2,000 SF
      1007 Main St, Hays, KS 67601-3616
      View Details

    Similar Nearby for Sale

    • $75,000
      12,972 SF

      Hays Warehouse and Retail Space

      12,972 sq ft warehouse/retail space on railroad property.
      1001 Vine St, Hays, KS 67601
      View Details
    • $210,000

      Remodeled Retail Space in Hays

      Versatile remodeled retail space suitable for various business ventures.
      3003 Hall St, Hays, KS 67601
      View Details
    • Contact for pricing

      Retail Space on Vine Street

      Retail space in Centennial Mall with high visibility and access.
      2520 Vine St, Hays, KS 67601
      View Details
    • $599,000

      Hays Commercial Property For Sale

      Flexible commercial property with high ceilings and ample parking.
      1017 E 13Th St, Hays, KS 67601
      View Details
    • Contact for pricing
      11,049 SF

      Versatile Commercial Property For Sale

      Flexible commercial space with high ceilings and ample parking.
      1017 E 13Th St, Hays, KS 67601
      View Details
    • $790,000

      Hays Commercial Property with Shop

      Commercial property featuring office spaces, shop, and residential house.
      1327 Rome Rd, Hays, KS 67601
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Prime Retail Space on Vine

      High-visibility retail space in Centennial Mall, Hays, Kansas.
      2520 Vine St, Hays, KS 67601
      View Details
    • Contact for pricing

      Retail Center with High Visibility

      Retail center with high traffic and renovation underway.
      2918 Vine St, Hays, KS 67601
      View Details
    • Contact for pricing

      Versatile Commercial Space with Shop

      3,250 SF flex space with office and shop.
      1303 Golden Belt Dr, Hays, KS 67601
      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.
    213 43rd St
    Hays, KS 67601-1110
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!