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Property profile & analytics
OFF-MARKET
Estimated value
$755,000
Retail space
2202 Kansas Ave Mcpherson, KS 67460-4010
Entity Owned
Absentee Owner
Free & Clear
Property ID
US33-0976853
Property summary
AI-generated overview
This exceptional investment opportunity presents a 9,800 square foot single-tenant storefront located at 2202 E Kansas Ave, McPherson, KS 67460. The property, built in 2015, boasts a 100% occupancy rate with a Net Lease (NNN) agreement in place until April 1, 2026, representing a remaining lease term of approximately 1.4 years. The current Net Operating Income (NOI) is $84,000, yielding a 7.00% capitalization rate. The property features 35 parking spaces and is situated conveniently near I-135, between Salina and Wichita, Kansas, surrounded by other regional retailers. This single-story building offers a strong local sales volume, further enhanced by its warehouse space supporting other Mattress Hub locations. The asking price is $1,200,000, translating to a price per square foot of $122.45. This represents a rare single-tenant investment opportunity in a stable market, offering a compelling return on investment. The pro-forma NOI and cap rate are also 7.00%, reflecting the property's consistent performance and strong tenant.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2016
Total area
9,800 SF
Lot
0.75 ac (32,670 SF)
APN
137-26-0-20-06-002.02-0
UPID
US33-0976853
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
-
The Mattress Hub McPherson Furniture & Home Goods
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$500k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.01M
Blend (final)
Blend
$755k
Owner & transaction history
BELOIT MAVERICK LLC
BELOIT MAVERICK LLC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.2M
+81.1%
Office building
$1.0M
+56.8%
Warehouse, storage
$795,000
+19.3%
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
$500,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$665,000
Current use
RESTAURANT
$1,205,000
Change: +81% · Conversion: Easy
OFFICE BUILDING
$1,045,000
Change: +57% · Conversion: Easy
WAREHOUSE, STORAGE
$795,000
Change: +19% · Conversion: Difficult
COMMERCIAL (GENERAL)
$770,000
Change: +15% · Conversion: Easy
AUTO REPAIR, GARAGE
$710,000
Change: +7% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$545,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$755k
Range $680k – $831k · ±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
$77 / 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
$27,642
Tax year 2023
Assessed value
$191,628
Assessed 2024
Previous assessed
$183,628
+4.4% YoY
Effective rate
14.42%
On assessed value
Assessed land
$43,773
Assessed improvement
$147,855
Land market value
$175,090
Improvement market value
$591,420
Total market value
$766,510
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2016
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Total area
9,800 SF
Lot
0.75 ac (32,670 SF)
APN
137-26-0-20-06-002.02-0
UPID
US33-0976853
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
RETAIL STORES Current
Est. value
$665,000
RESTAURANT
Est. value
$1.2M
OFFICE BUILDING
Est. value
$1.0M
WAREHOUSE, STORAGE
Est. value
$795,000
COMMERCIAL (GENERAL)
Est. value
$770,000
AUTO REPAIR, GARAGE
Est. value
$710,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$545,000
RETAIL STORES Current
RESTAURANT
OFFICE BUILDING
WAREHOUSE, STORAGE
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
Lot
0.75 ac
Current owner
From public records · entity-resolved
BELOIT MAVERICK LLC
Entity
Free & Clear · 0 yrs held
Mailing address
63 CLARENDON ST, WEYMOUTH, MA 02190-1307
Mailing matches property
Different — outreach signal
Owner-occupied
No
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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