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Property profile & analytics
OFF-MARKET Estimated value $685,000
Turn key restaurants

2925 9th St Salina, KS 67401-7881

6,337 SF 1.8 ac lot Built 1994
Entity Owned 3-yr Hold Free & Clear
Property ID
US33-0798463
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$480k
CAP Approach CAP
by Request
Comparable Approach Comparable
$893k
Blend (final) Blend
$685k
Owner & transaction history
Ks Seafood LLC · 3 yrs held
Ks Seafood LLC
since 2023
1 recorded transaction
2023
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building $900,000 +6.6%
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