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Property profile & analytics
OFF-MARKET
Estimated value
$995,000
Strip malls
2401 Central Ave Ste A, El Dorado, KS 67042-3211
Individually Owned
Absentee Owner
~
Est. High Equity
Property ID
US33-0116148
Property summary
AI-generated overview
This exceptional 1,800 square foot commercial property, located at 2401 W Central Ave in El Dorado, Kansas (zip code 67042), presents a fantastic opportunity for businesses seeking a versatile and well-appointed space. Classified as a Class C, single-tenant retail and office building, it boasts a modern, well-designed interior with abundant natural light, creating a welcoming atmosphere. The property features a customizable layout, allowing tenants to tailor the space to their specific operational needs. High visibility from W Central Ave and easy accessibility ensure strong client traffic. Ample parking is available for both tenants and their visitors, adding to the convenience. Professional landscaping enhances the curb appeal, creating a positive first impression. Contemporary fixtures and finishes are found throughout, reflecting a commitment to quality and modern aesthetics. This property is ideally suited for a variety of professional office uses, retail businesses, or service providers. Its location in Butler County, Kansas offers a strategic position within the El Dorado market.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1993
Construction
CONCRETE BLOCKS
Total area
9,120 SF
Lot
0.9 ac (39,204 SF)
APN
008-212-04-0-00-30-018.00-0
UPID
US33-0116148
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
-
Verizon Mobile Phone Store Electronics & Wireless Store
-
123 Launderette (Bike/Boat/Book/etc) Store
-
123 Laundree (Bike/Boat/Book/etc) Store
-
Ancient Path Ministries Church Mosque
-
Suite Heat Tanning Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$995k
Owner & transaction history
Lee Luinstra
Lee Luinstra
1 recorded transaction
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 El Dorado submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs El Dorado 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
RESTAURANT
$1,330,000
Change: 0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,065,000
Change: 0% · Conversion: Easy
OFFICE BUILDING
$940,000
Change: 0% · Conversion: Moderate
MEDICAL BUILDING
$890,000
Change: 0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$840,000
Change: 0% · Conversion: Difficult
WAREHOUSE, STORAGE
$815,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$810,000
Change: 0% · Conversion: Easy
Blend value · Realmo final
$995k
Range $896k – $1.09M · ±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
$109 / 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 2019Property tax & assessments
Tax year 2019
Tax billed
$19,363
Tax year 2019
Assessed value
$122,225
Assessed 2023
Previous assessed
$113,498
+7.7% YoY
Effective rate
15.84%
On assessed value
Assessed land
$32,600
Assessed improvement
$89,625
Land market value
$130,400
Improvement market value
$358,500
Total market value
$488,900
Applied tax rate
8.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1993
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
YES
Total area
9,120 SF
Lot
0.9 ac (39,204 SF)
APN
008-212-04-0-00-30-018.00-0
UPID
US33-0116148
Jurisdiction
BUTLER
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
$1.3M
COMMERCIAL (GENERAL)
Est. value
$1.1M
OFFICE BUILDING
Est. value
$940,000
MEDICAL BUILDING
Est. value
$890,000
AUTO REPAIR, GARAGE
Est. value
$840,000
WAREHOUSE, STORAGE
Est. value
$815,000
RETAIL STORES
Est. value
$810,000
RESTAURANT
COMMERCIAL (GENERAL)
OFFICE BUILDING
MEDICAL BUILDING
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
RETAIL STORES
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
1993
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Lot
0.9 ac
Current owner
From public records · entity-resolved
Lee Luinstra
Individual
Mailing address
1340 LLOYD STEARMAN DR, BENTON, KS 67017-8744
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
—
—
Lee Luinstra
—
Deed Of Trust
related
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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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