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Property profile & analytics
FOR LEASE
Drive through restaurants
2935 S 9Th St Salina, KS 67401
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US33-0390496
For Lease
1 / 2
$595,000
2935 S 9Th St, Salina, KS 67401
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Property summary
AI-generated overview
This exceptional retail property, located at 2935 S 9th St in Salina, Kansas, presents a fantastic opportunity for a discerning business owner. The building, constructed in 2007, offers a total of 3,362 square feet, with 1,474 square feet currently available for lease. The property is categorized as a multi-tenant retail space, previously used as a restaurant, making it ideally suited for a similar establishment or a business requiring a high-visibility location. Situated in Saline County, Kansas, with a zip code of 67401, this property benefits from excellent accessibility and high traffic volume. The spacious layout provides ample room for both customer service and back-of-house operations. The existing infrastructure is well-maintained, minimizing upfront capital expenditures. This prime location in Salina offers a thriving market and significant potential for growth. The available space is ready for immediate occupancy, allowing for a swift and efficient business launch. Interested parties are encouraged to inquire further to explore this promising investment opportunity.
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
1994
Construction
FRAME
Total area
3,795 SF
Lot
1.1 ac (47,916 SF)
APN
087-36-0-30-12-004.00
UPID
US33-0390496
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
$505k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$687k
Blend (final)
Blend
$595k
Owner & transaction history
2935 S 9th Street LLC · 7 yrs held
2935 S 9th Street LLC
since 2019
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$540,000
+6.6%
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
$505,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$505,000
Current use
OFFICE BUILDING
$540,000
Change: +7% · Conversion: Moderate
MEDICAL BUILDING
$440,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$595k
Range $536k – $655k · ±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
$157 / 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
$37,843
Tax year 2023
Assessed value
$273,618
Assessed 2023
Previous assessed
$273,618
+0.0% YoY
Effective rate
13.83%
On assessed value
Assessed land
$162,145
Assessed improvement
$111,473
Land market value
$648,580
Improvement market value
$445,890
Total market value
$1,094,470
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
For Lease
Year built
1994
Construction
FRAME
Heating
YES
Cooling
CENTRAL
Total area
3,795 SF
Lot
1.1 ac (47,916 SF)
APN
087-36-0-30-12-004.00
UPID
US33-0390496
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
RESTAURANT Current
Est. value
$505,000
OFFICE BUILDING
Est. value
$540,000
MEDICAL BUILDING
Est. value
$440,000
RESTAURANT Current
OFFICE BUILDING
MEDICAL BUILDING
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
1994
Construction
FRAME
Heating
YES
Cooling
Yes
Lot
1.1 ac
Current owner
From public records · entity-resolved
2935 S 9th Street LLC
Entity
Mailing address
10880 BENSON DR STE #2320, OVERLAND PARK, KS 66210-1525
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
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
Feb 4, 2019
—
2935 S 9th Street LLC
—
Deed
related
$24,450,000 · Wells Fargo Bank NA
Nov 20, 2018
—
2935 S 9th Street LLC
—
Deed
related
$1,561,053 · Texas Capital 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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