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Property profile & analytics
FOR LEASE
Retail space
2422 W Central Ave El Dorado, KS 67042
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US33-0111806
For Lease
1 / 2
$12.50 SF/Yr
2422 W Central Ave, El Dorado, KS 67042
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2005
Total area
5,320 SF
Lot
0.3 ac (13,068 SF)
APN
008-212-04-0-00-16-008.00-0
UPID
US33-0111806
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
-
TitleMax Title Loans Loan Service
-
Cricket Wireless Authorized Retailer Mobile Phone Store Electronics & Wireless Store
-
Titlemax Corporate Office
-
Vapor 100 (Bike/Boat/Book/etc) Store Alternative Medicine Practice
-
CoinFlip Bitcoin ATM Currency Exchange Service Investment Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$705k
Comparable Approach
Comparable
$790k
Blend (final)
Blend
$750k
Owner & transaction history
David Turner · 1 yrs held
David Turner
since 2025
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$775,000
+64.3%
Commercial (general)
$620,000
+31.2%
Office building
$550,000
+15.9%
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%
$765,000
6.5%
$705,000
7%
$655,000
Alternative Use
Use
Estimation
RETAIL STORES
$470,000
Current use
RESTAURANT
$775,000
Change: +64% · Conversion: Easy
COMMERCIAL (GENERAL)
$620,000
Change: +31% · Conversion: Easy
OFFICE BUILDING
$550,000
Change: +16% · Conversion: Easy
MEDICAL BUILDING
$520,000
Change: +10% · Conversion: Difficult
AUTO REPAIR, GARAGE
$490,000
Change: +4% · Conversion: Difficult
WAREHOUSE, STORAGE
$475,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$750k
Range $675k – $825k · ±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
$141 / 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
$21,093
Tax year 2019
Assessed value
$135,013
Assessed 2023
Previous assessed
$270,026
-50.0% YoY
Effective rate
15.62%
On assessed value
Assessed land
$21,200
Assessed improvement
$113,813
Land market value
$84,800
Improvement market value
$455,250
Total market value
$540,050
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Lease
Year built
2005
Heating
YES
Cooling
YES
Total area
5,320 SF
Lot
0.3 ac (13,068 SF)
APN
008-212-04-0-00-16-008.00-0
UPID
US33-0111806
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
RETAIL STORES Current
Est. value
$470,000
RESTAURANT
Est. value
$775,000
COMMERCIAL (GENERAL)
Est. value
$620,000
OFFICE BUILDING
Est. value
$550,000
MEDICAL BUILDING
Est. value
$520,000
AUTO REPAIR, GARAGE
Est. value
$490,000
WAREHOUSE, STORAGE
Est. value
$475,000
RETAIL STORES Current
RESTAURANT
COMMERCIAL (GENERAL)
OFFICE BUILDING
MEDICAL BUILDING
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
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
2005
Heating
YES
Cooling
Yes
Lot
0.3 ac
Current owner
From public records · entity-resolved
David Turner
Individual
Mailing address
2024 N WOODLAWN ST STE #406, WICHITA, KS 67208-1879
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 28, 2025
—
David Turner
2422 Central Tt LLC
Special Warranty Deed
$508,486 · Intrust Bank NA
Nov 18, 2021
—
Central Tt LLC
—
Deed
related
$379,936 · The Bennington State Bank
Oct 7, 2016
—
2422 Central Group LLC
—
Deed
related
$24,999 · Emprise Bk
Sep 2, 2014
—
2422 Central Tt LLC
Woodard C R Living Trust
Grant Deed
related
—
—
—
2422 Central Tt LLC
—
Deed Of Trust
related
$393,432 · Ks Statebank
—
—
2422 Central Group LLC|central Tt LLC
—
Deed Of Trust
related
$425,000 · Emprise Bk
—
—
2422 Central Group LLC
—
Deed Of Trust
related
$24,999 · Emprise Bk
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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