Entity Owned Property summary
AI-generated overview
This exceptional 0.41-acre commercial land parcel presents a unique investment opportunity in Ottawa, Kansas. Located at 2230 S King Street, this property boasts a highly desirable location adjacent to a bustling retail center, ensuring high visibility and accessibility for any commercial venture. The asking price is $125,000. Utilities are conveniently located on-site, simplifying development and operational costs. The lot's size and configuration are particularly well-suited for a drive-thru business, capitalizing on the high traffic volume in the area. Its central location within Ottawa city limits offers easy access to local amenities and a strong customer base. Furthermore, the property's proximity to Highway 35 (less than one mile away) provides excellent connectivity to regional transportation networks, enhancing its appeal to a wide range of businesses. This is an exceptional opportunity to acquire a strategically positioned commercial lot in a thriving retail environment within Franklin County, Kansas, zip code 66067. The property is zoned for commercial use (verification of zoning with local authorities is recommended). Don't miss this chance to secure a prime piece of real estate in a high-growth area.
Property profile
Verified
Property type
Car washes
Use group
CAR WASH
Year built
1989
Construction
FRAME
Total area
4,151 SF
Lot
1.19 ac (51,836 SF)
Zoning code
C2
APN
131-11-0-40-05-004.01-0
UPID
US33-0746044
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Car Wash
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$370k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$778k
Blend (final)
Blend
$575k
Owner & transaction history
Zoning & alternative use
C2 · Ottawa, KS
Top alternative use upside
Office building
$535,000
+2.0%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
3 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$575k
Value range
$518k – $633k
±10% around blend
Estimated value / SF
$139 / SF
Confidence
Property data
100
Comparable evidence
60
$518k
blend $575k
$633k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
4,151 SF
Lot area
1.19 ac
Year built
1989
Stories
1
APN
131-11-0-40-05-004.01-0
Zoning
C2
Assessed value
$108,195
Annual tax
$17,629
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$778k
Range $280k – $778k
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$575k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Alternative use screening
Partial preview
Top alternative use
Office Building
Gross theoretical uplift
+2%
vs current-use indication
Auto Repair, Garage · current use
Commercial (general)
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$108k
Move the market yield to see immediate price impact.
Value / SF
$26
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$7k
$136k
$97k
$76k
$8k
$151k
$108k
$84k
$8k
$167k
$119k
$93k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$17,629
Tax year 2023
Assessed value
$108,195
Assessed 2023
Previous assessed
$108,195
+0.0% YoY
Effective rate
16.29%
On assessed value
Assessed land
$57,760
Assessed improvement
$50,435
Land market value
$231,040
Improvement market value
$201,740
Total market value
$432,780
Applied tax rate
2.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Car washes
Use group
CAR WASH
Status
Off-Market
Year built
1989
Construction
FRAME
Heating
YES
Cooling
YES
Stories
1
Units
6
Total area
4,151 SF
Lot
1.19 ac (51,836 SF)
Zoning code
C2
APN
131-11-0-40-05-004.01-0
UPID
US33-0746044
Jurisdiction
FRANKLIN
Zoning & alternative use
C2 · Ottawa, KSZoning C2 · permitted uses
C2 · Ottawa, KS
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1989
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Units
6
Lot
1.19 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
C2
Jurisdiction
Ottawa, KS
Recorded code
C2
Ownership Intelligence
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What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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