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Property profile & analytics
FOR SALE
Outlet malls

2200 North State St Iola, KS 66749

105,648 SF 7.84 ac lot Built 2007
Trust Owned 19-yr Hold Free & Clear
Property ID
US33-0220791
No photos on file
For Sale
Contact for pricing 105,648 SF
2200 North State St, Iola, KS 66749
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Property summary
AI-generated overview

This exceptional commercial land opportunity presents two strategically located outlots adjacent to a high-traffic Walmart in Iola, Kansas. Lot 2 encompasses approximately 2.45 acres, while Lot 3 offers approximately 1.54 acres. Both parcels are zoned C-2 General Business, allowing for a diverse range of commercial uses, including retail, office, and restaurant establishments. The property benefits significantly from its proximity to a Walmart store, which boasts an average of 1.1 million annual visitors, serving as the dominant national retailer in the community. This high volume of foot traffic translates into exceptional visibility and accessibility for potential businesses. The location in Allen County, Kansas, at 2200 N State St, Iola, KS 66749, provides convenient access for customers and employees. This is a rare chance to secure a prime commercial location in a thriving area with significant potential for growth and return on investment. The property's size and zoning flexibility make it ideal for a variety of development projects, catering to a wide range of business needs. Don't miss this opportunity to capitalize on the high traffic and strong retail presence in this established market. Serious inquiries are encouraged.

Property profile
Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 2007
Total area 105,648 SF
Lot 7.84 ac (341,510 SF)
APN 075-22-0-40-01-003.06-0
UPID US33-0220791
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
  • Walmart Bakery Bakery Specialty Food Shop
  • Walmart Pet Services Kennel & Boarding Facility
  • Walmart Deli Food Market Restaurant
  • Walmart Home Services Social Service Agency
  • Walmart House Cleaning Services Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$6.73M
Owner & transaction history
Wal Mart Real Estate Business Trust · 19 yrs held
Wal Mart Real Estate Business Trust
since 2006
1 recorded transaction
2006
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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