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Property profile & analytics
OFF-MARKET
Estimated value
$530,000
Grocery and convenience stores
2201 Kansas Ave Mcpherson, KS 67460-4009
Entity Owned
14-yr Hold
Free & Clear
Property ID
US33-0669185
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
2016
Total area
7,000 SF
Lot
1.35 ac (58,806 SF)
APN
137-26-0-20-05-004.00-0
UPID
US33-0669185
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
$530k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$530k
Owner & transaction history
Dominion Real Estate LLC · 14 yrs held
Dominion Real Estate LLC
since 2012
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Mcpherson submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mcpherson 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
$530,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$860,000
Change: 0% · Conversion: Difficult
OFFICE BUILDING
$745,000
Change: 0% · Conversion: Moderate
WAREHOUSE, STORAGE
$570,000
Change: 0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$550,000
Change: 0% · Conversion: Easy
AUTO REPAIR, GARAGE
$510,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$475,000
Change: 0% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$390,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$530k
Range $477k – $583k · ±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
$76 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$58,059
Tax year 2023
Assessed value
$375,976
Assessed 2024
Previous assessed
$362,138
+3.8% YoY
Effective rate
15.44%
On assessed value
Assessed land
$59,288
Assessed improvement
$316,688
Land market value
$237,150
Improvement market value
$1,266,750
Total market value
$1,503,900
Applied tax rate
6.0000
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
2016
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
7,000 SF
Lot
1.35 ac (58,806 SF)
APN
137-26-0-20-05-004.00-0
UPID
US33-0669185
Jurisdiction
MCPHERSON
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
RESTAURANT
Est. value
$860,000
OFFICE BUILDING
Est. value
$745,000
WAREHOUSE, STORAGE
Est. value
$570,000
COMMERCIAL (GENERAL)
Est. value
$550,000
AUTO REPAIR, GARAGE
Est. value
$510,000
RETAIL STORES
Est. value
$475,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$390,000
RESTAURANT
OFFICE BUILDING
WAREHOUSE, STORAGE
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
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
2016
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
1.35 ac
Current owner
From public records · entity-resolved
Dominion Real Estate LLC
Entity
Free & Clear · 14 yrs held
Mailing address
PO BOX 647, SALINA, KS 67402-0647
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 8, 2012
—
Dominion Real Estate LLC
Premer Investments INC
Corporation Deed
—
Jan 22, 2010
—
Dominion Real Estate LLC
Eldamar Aircraft Co
Warranty Deed
—
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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