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Property profile & analytics
OFF-MARKET
Estimated value
$320,000
Drive through restaurants
2916 Eaglecrest Dr Emporia, KS 66801-6185
Individually Owned
15-yr Hold
Free & Clear
Property ID
US33-1327940
Property summary
AI-generated overview
This Emporia, Kansas, Starbucks presents a compelling investment opportunity. A newly renovated, 1,600 square foot building sits on a 0.68-acre lot, boasting a 10-year net lease with a credit-rated corporate guarantor, Starbucks Corporation. The lease commenced July 1, 2024, and includes four, five-year renewal options. Located in a high-traffic area with convenient interstate access, this property offers below-market rent and a strong 6.00% cap rate. Built in 2004 and renovated in 2024, this Class A property enjoys 100% occupancy and is the only standalone Starbucks within a 70-mile radius. The property is situated amongst other national retailers, ensuring high visibility and consistent customer traffic. This fee-simple ownership offers a secure, long-term investment with significant upside potential.
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
2004
Construction
FRAME
Total area
1,558 SF
Lot
0.52 ac (22,651 SF)
APN
193-05-0-30-02-011.01-0
UPID
US33-1327940
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
-
Starbucks Cafe & Coffee Shop
-
Starbucks Reserve Roastery Specialty Food Shop (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$365k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$320k
Owner & transaction history
Kenneth R Flaherty · 15 yrs held
Kenneth R Flaherty
since 2011
2 recorded transactions
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 Emporia submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Emporia 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
$365,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$320k
Range $288k – $352k · ±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
$205 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$16,474
Tax year 2022
Assessed value
$101,503
Assessed 2023
Previous assessed
$100,883
+0.6% YoY
Effective rate
16.23%
On assessed value
Assessed land
$51,265
Assessed improvement
$50,238
Land market value
$205,060
Improvement market value
$200,950
Total market value
$406,010
Applied tax rate
5.0000
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
2004
Construction
FRAME
Heating
YES
Cooling
YES
Stories
1
Total area
1,558 SF
Lot
0.52 ac (22,651 SF)
APN
193-05-0-30-02-011.01-0
UPID
US33-1327940
Jurisdiction
LYON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2004
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Lot
0.52 ac
Current owner
From public records · entity-resolved
Kenneth R Flaherty
Individual
Free & Clear · 15 yrs held
Mailing address
85358 COLNAGO CT, INDIO, CA 92203-8305
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 7, 2011
—
Kenneth R Flaherty
Kenneth Flaherty
Intrafamily Transfer
related
—
Dec 9, 2008
—
J&j Development INC
Mainland Development And Acquisitio
Special Warranty Deed
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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