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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2601 Springdale St Pittsburg, KS 66762-7309

    • Garden apartment buildings
    • 50,715 SF
    • 4.30 lot acres
    OFF-MARKET
    Value Estimations
    $1,690,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US33-1241253
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Garden apartment buildings

    Property Details for 2601 Springdale St

    Year built
    1995
    Construction
    FRAME
    Lot size
    4.30 lot acres
    Property size
    50,715 SF
    Property type
    Garden apartment buildings
    APN
    212-04-0-00-00-003.01-0
    APU
    2120400000003010

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $1,070,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,305,000
      Market price range: $1.34M - $3.25M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $2,330,000
      Current use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Pittsburg
    County
    Crawford
    State
    Kansas
    Longitude
    -94.6771
    Latitude
    37.3801
    CBSA code
    38260
    CBSA name
    PITTSBURG, KS MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $46,877
    $53,303
    $253,006
    $306,309
    -
    $463,500
    $2,200,050
    $2,663,550

    Comparable in this City

    • Value Estimation by Request
      11,874 SF

      102 Locust St

      GARDEN APT, COURT APT (5+ UNITS) • 11,874 SF
      102 Locust St, Pittsburg, KS 66762-5249
      View Details
    • Value Estimation by Request
      2,340 SF

      1005 4th St

      GARDEN APT, COURT APT (5+ UNITS) • 2,340 SF
      1005 4th St, Pittsburg, KS 66762-4309
      View Details
    • Value Estimation by Request
      5,488 SF

      207 Carlton St

      GARDEN APT, COURT APT (5+ UNITS) • 5,488 SF
      207 Carlton St, Pittsburg, KS 66762-5821
      View Details
    • Value Estimation by Request
      4,560 SF

      419 Frd St

      GARDEN APT, COURT APT (5+ UNITS) • 4,560 SF
      419 Frd St, Pittsburg, KS 66762-5665
      View Details
    • Value Estimation by Request
      2,720 SF

      103 Frst St

      GARDEN APT, COURT APT (5+ UNITS) • 2,720 SF
      103 Frst St, Pittsburg, KS 66762-5135
      View Details
    • Value Estimation by Request
      8,640 SF

      1108 Joplin St

      GARDEN APT, COURT APT (5+ UNITS) • 8,640 SF
      1108 Joplin St, Pittsburg, KS 66762-5914
      View Details

    Similar Nearby for Sale

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      0.40 Acres

      Pittsburg Multifamily Investment Opportunity

      15-unit multifamily property near stadium and university, ready for renovation.
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    • New
      $69,900
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      Pittsburg Duplex Near Downtown

      Duplex in Pittsburg, close to downtown, with rental income potential.
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    • $155,000

      Renovated Duplex with Income Potential

      Updated duplex featuring two units, ideal for investors or owner-occupants.
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    • $40,000

      Pittsburg, KS Residential Land

      Build Your Dream Home on 0.7 Acre
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    • Contact for pricing
      0.87 Acres

      Pittsburg, KS Residential Land Parcel

      Build-ready .87-acre lot in NE Pittsburg.
      0000 Radell St, Pittsburg, KS 66762
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    • $450,000
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      Pittsburg, KS Residential Land

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    Similar Nearby for Lease

    • $25 SF/Yr
      1,375 SF

      Retail Space in Pittsburg Corridor

      Retail space in Pittsburg's primary retail corridor for lease.
      101 W 29Th St, Pittsburg, KS 66762
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    • $11 SF/Yr
      4,572 SF

      Prime Pittsburg Office Space

      Executive Suites, Ample Parking, High Visibility
      2807 Broadway St, Pittsburg, KS 66762
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    • $5 SF/Yr
      2,400 SF

      Downtown Pittsburg Office Space

      Prime location, newly renovated, 2,400 sq ft.
      111 4Th St, Pittsburg, KS 66762
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    • $5 SF/Yr
      185,000 SF

      Local Shopping Mall and Complex

      Shopping mall and complex near Highway 169 and Pitt State.
      200 Centennial Dr, Pittsburg, KS 66762
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    • $8 SF/Yr
      1,350 SF

      Executive Office Suite, Broadway

      Prime location, 1350 sq ft office
      2809 Broadway St, Pittsburg, KS 66762
      View Details
    • $4 SF/Yr
      2,500 SF

      Downtown Pittsburg Office Space

      Prime Corner Office, 2,500 sq ft
      105 4Th St, Pittsburg, KS 66762
      View Details
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    2601 Springdale St
    Pittsburg, KS 66762-7309
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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