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Property profile & analytics
OFF-MARKET
Estimated value
$705,000
Grocery and convenience stores
2201 Broadway Ave Great Bend, KS 67530-3917
Individually Owned
Free & Clear
Property ID
US33-1290664
Property summary
AI-generated overview
This unique 8,148 square foot commercial building, located at 2201 Broadway Ave in Great Bend, Kansas (zip code 67530), presents a compelling investment opportunity. Built in 1960 on a 28,000 square foot lot, this C-1 zoned property boasts a rich history, previously serving as a grocery store and later as the central kitchen for the Great Bend School District. Its adaptable layout includes extensive kitchen facilities featuring two large commercial restaurant hoods, four large walk-in coolers/freezers (one with exterior access), and three wash stations. Additional amenities include hookups for a commercial washer and dryer, ample office space, a boardroom, utility room, storage areas, and two cafeteria-style seating areas. Two restrooms and two on-demand water heaters add to the building's functionality. The property also offers substantial paved off-street parking. The building's flexible zoning and diverse features make it suitable for a wide range of commercial uses. This is a rare opportunity to acquire a substantial, well-equipped commercial property in the heart of Great Bend. The asking price is $275,000.
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1960
Construction
FRAME
Total area
8,148 SF
Lot
0.64 ac (27,878 SF)
APN
188-28-0-30-15-001.00-0
UPID
US33-1290664
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$704k
Blend (final)
Blend
$705k
Owner & transaction history
USD 428
USD 428
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.1M
+49.9%
Office building
$925,000
+31.1%
Commercial (general)
$840,000
+19.4%
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 Great Bend submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Great Bend 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$705,000
Current use
RESTAURANT
$1,055,000
Change: +50% · Conversion: Easy
OFFICE BUILDING
$925,000
Change: +31% · Conversion: Easy
COMMERCIAL (GENERAL)
$840,000
Change: +19% · Conversion: Easy
MEDICAL BUILDING
$830,000
Change: +18% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$615,000
Change: -13% · Conversion: Difficult
WAREHOUSE, STORAGE
$575,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$705k
Range $635k – $776k · ±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
$87 / 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
Land market value
$32,410
Improvement market value
$172,990
Total market value
$205,400
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1960
Construction
FRAME
Heating
YES
Cooling
YES
Stories
1
Total area
8,148 SF
Lot
0.64 ac (27,878 SF)
APN
188-28-0-30-15-001.00-0
UPID
US33-1290664
Jurisdiction
BARTON
Zoning & alternative use
Zoning · permitted uses
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
RETAIL STORES Current
Est. value
$705,000
RESTAURANT
Est. value
$1.1M
OFFICE BUILDING
Est. value
$925,000
COMMERCIAL (GENERAL)
Est. value
$840,000
MEDICAL BUILDING
Est. value
$830,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$615,000
WAREHOUSE, STORAGE
Est. value
$575,000
RETAIL STORES Current
RESTAURANT
OFFICE BUILDING
COMMERCIAL (GENERAL)
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
WAREHOUSE, STORAGE
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
1960
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Lot
0.64 ac
Current owner
From public records · entity-resolved
USD 428
Individual
Free & Clear · 0 yrs held
Mailing address
201 S PATTON RD, GREAT BEND, KS 67530-4613
Mailing matches property
Yes
Owner-occupied
Yes
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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