Technical
Financial
Distress signals
Property profile

2925 9th St Salina, KS 67401

OFF-MARKET
Turn key restaurants
Property ID
US33-0798463
6,337 SF 1.8 ac lot Built 1994
Entity Owned 3-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 6,446 square foot former restaurant, located at 2925 S 9th St, Salina, KS 67401, presents a prime redevelopment opportunity. Situated on a 1.8-acre lot, this unrestricted parcel boasts unparalleled visibility on a major retail corridor, positioned prominently in front of Target and Sam's Club, and directly across from Walmart and Lowe's. The property benefits from its proximity to Interstate 135, with easy access via on and off ramps just one block away. This high-traffic location sees 15,181 vehicles daily on 9th Street, complemented by significant traffic on nearby Schilling Road (9,575 vehicles) and I-135 (23,937 vehicles). The surrounding area demonstrates strong demographics, with a 1-mile radius boasting a population of 5,390 and an average household income of $83,032. Within 3 and 5-mile radii, the population expands to 28,466 and 46,142 respectively, with average household incomes of $69,612 and $69,600. The presence of Kansas Wesleyan University and Kansas State University Salina Aerospace and Technology Campus further enhances the area's appeal. Built in 1994, this property offers significant potential for a variety of retail uses, capitalizing on the substantial recent investment and development in the area. The asking price is $2,925,000 ($453.77 per square foot).

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1994
Construction FRAME
Total area 6,337 SF
Lot 1.8 ac (78,408 SF)
APN 087-36-0-30-12-003.00
UPID US33-0798463

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2925 9th St Salina, KS 67401-7881
Salina metro Census 700 SALINA, KS MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$480k
CAP Approach CAP
by Request
Comparable Approach Comparable
$893k
Blend (final) Blend
$480k

Owner & transaction history

since 2023
1 recorded transaction
2023
Price N/A

Zoning & alternative use

Top alternative use upside
Office building $900,000 +6.6%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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