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    Property profile & analytics
    OFF-MARKET Estimated value $670,000
    Warehouses

    239 Meridian Rd Newton, KS 67114-5203

    7,200 SF 3.5 ac lot Built 1965
    Entity Owned Absentee Owner Free & Clear
    Property ID
    US33-0176488
    Google Maps
    Property summary
    AI-generated overview

    This exceptional owner-user opportunity presents a three-building industrial warehouse totaling 16,080 square feet, situated on a 3.5-acre lot in Newton, Kansas. The property, built in 1965, is classified as Class C and offers a compelling blend of showroom, office, and warehouse space, ideal for a variety of businesses. The strategic location near the intersection of I-135 and US Highway 50 provides excellent access to major transportation routes. Multiple overhead doors enhance operational flexibility, while the ample outdoor space allows for convenient storage and lay-down areas. Priced at $600,000, or $37.31 per square foot, this property represents a significant value proposition for an owner-occupier seeking a versatile and well-located industrial space in Harvey County. The address is 239 S Meridian Rd, Newton, KS 67114. This is a for-sale-by-owner listing.

    Property profile
    Verified
    Property type Warehouses
    Use group WAREHOUSE, STORAGE
    Year built 1965
    Total area 7,200 SF
    Lot 3.5 ac (152,460 SF)
    Zoning code C-2
    APN 086-24-0-10-01-009.00-0
    UPID US33-0176488
    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
    • Royal Sales Department Store
    1 occupant on record
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    $750k
    Comparable Approach Comparable
    $593k
    Blend (final) Blend
    $670k
    Owner & transaction history
    COLEMAN, ROBERT E TRUST
    COLEMAN, ROBERT E TRUST
    Zoning & alternative use
    C-2 · Newton, KS
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Zoning description

    C-2 General Business District C-3 Central Business District I-1 Light Industrial District I-2 General Industrial District I-3 Heavy Industrial District F-P Flood Plain Overlay District H-D Historic and Cultural Overlay District AIR-1 Airport Zoning District Apply for a Permit Apply for a Building, Electrical, Mechanical, or Plumbing or Sewer Tap Permit onlin…

    Zone name General Business District
    General category COMMERCIAL
    Zone area 908.39 ac
    Source Building, Zoning & Planning | City of Newton, KS
    Top alternative use upside
    Restaurant $940,000 +97.6%
    Auto repair, garage $790,000 +66.4%
    Office building $760,000 +60.5%
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