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Property profile & analytics
OFF-MARKET
Estimated value
$515,000
Strip malls
2629 Market Pl Salina, KS 67401-7899
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US33-0256736
Property summary
AI-generated overview
This exceptional retail property, located at 2629 Market Place in Salina, Kansas, presents a fantastic opportunity for businesses seeking high visibility and ample space. The freestanding building, constructed in 2007, boasts a total of 6,400 square feet, divided into three suites. Currently, a single suite of 1,840 contiguous square feet is available for lease. The property sits on a 0.5-acre lot (21,780 square feet) and benefits from a prime location on a signalized hard corner, experiencing over 24,000 vehicles per day. Ample parking is provided with 17 spaces available for customers and tenants. The property is classified as Class B and is situated within a thriving retail area, neighboring major retailers such as Central Mall, Walmart Supercenter, Sam's Club, Target, and Lowe's, ensuring high foot traffic and brand recognition. The generous tenant improvement allowance makes this an attractive proposition for businesses looking to establish or expand their presence in a dynamic market. The property's address is 2629 Market Place, Salina, KS 67401, with a cross street of Belmont Blvd.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2007
Construction
FRAME
Total area
6,400 SF
Lot
0.5 ac (21,870 SF)
APN
087-36-0-20-21-004.00
UPID
US33-0256736
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$540k
CAP Approach
CAP
$680k
Comparable Approach
Comparable
$487k
Blend (final)
Blend
$515k
Owner & transaction history
Vig Salina LLC · 4 yrs held
Vig Salina LLC
since 2021
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$850,000
+138.0%
Medical building
$740,000
+106.2%
Retail stores
$545,000
+52.8%
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 Salina submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Salina 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
$540,000
CAP Approach
CAP Return
Estimation
6%
$740,000
6.5%
$680,000
7%
$635,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$360,000
Current use
RESTAURANT
$850,000
Change: +138% · Conversion: Difficult
MEDICAL BUILDING
$740,000
Change: +106% · Conversion: Difficult
RETAIL STORES
$545,000
Change: +53% · Conversion: Easy
AUTO REPAIR, GARAGE
$500,000
Change: +40% · Conversion: Difficult
COMMERCIAL (GENERAL)
$475,000
Change: +33% · Conversion: Easy
WAREHOUSE, STORAGE
$445,000
Change: +24% · Conversion: Difficult
Blend value · Realmo final
$515k
Range $464k – $567k · ±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
$80 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$30,883
Tax year 2023
Assessed value
$223,298
Assessed 2023
Previous assessed
$223,298
+0.0% YoY
Effective rate
13.83%
On assessed value
Assessed land
$121,673
Assessed improvement
$101,625
Land market value
$486,690
Improvement market value
$406,500
Total market value
$893,190
Applied tax rate
1.0000
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
2007
Construction
FRAME
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Total area
6,400 SF
Lot
0.5 ac (21,870 SF)
APN
087-36-0-20-21-004.00
UPID
US33-0256736
Jurisdiction
SALINE
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$360,000
RESTAURANT
Est. value
$850,000
MEDICAL BUILDING
Est. value
$740,000
RETAIL STORES
Est. value
$545,000
AUTO REPAIR, GARAGE
Est. value
$500,000
COMMERCIAL (GENERAL)
Est. value
$475,000
WAREHOUSE, STORAGE
Est. value
$445,000
NEIGHBORHOOD: SHOPPING CENTER Current
RESTAURANT
MEDICAL BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
2007
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Lot
0.5 ac
Current owner
From public records · entity-resolved
Vig Salina LLC
Entity
Mailing address
PO BOX 4539, AVON, CO 81620-4539
Ownership since
2021
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
Oct 29, 2021
—
Vig Salina LLC
—
Deed
related
$688,000 · First National Bank
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.
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