3010 18th Ave Emporia, KS 66801-6191
- Office buildings
- 5,204 SF
- 0.75 lot acres
Current Use by Public Records
- Social Security Administration / Social Security Office
Property Details for 3010 18th Ave
- Year built
- 2004
- Construction
- FRAME
- Lot size
- 0.75 lot acres
- Property size
- 5,204 SF
- Property type
- Office buildings
- APN
- 193-05-0-30-01-012.01-0
- APU
- 1930503001012010
Description
This exceptional investment opportunity presents a 4,925 square foot office building in Emporia, Kansas, currently leased to the U.S. General Services Administration (SSA) under a modified lease with a remaining term of 9.8 years. The property boasts a 100% occupancy rate, generating a substantial net operating income (NOI) of $94,704 annually, translating to a compelling 7.50% cap rate. Located at 3010 W 18th Ave, on a 0.7-acre lot (APN: 193-05-0-30-01-012.01-0), this single-tenant property offers significant long-term stability and security due to its federal government lease. The asking price is $1,240,000, representing a price per square foot of $251.78. Emporia's strategic location within the Kansas region ensures consistent demand for the services provided by the Social Security Administration, further enhancing the property's value and long-term prospects. This is an ideal investment for those seeking a secure, low-maintenance asset with a strong return on investment, backed by the financial strength and stability of the U.S. Government. The lease commenced March 1st, 2024. This property offers minimal landlord responsibilities and is situated in a growing regional hub with positive demographic trends. The tenant, providing essential services, ensures continued occupancy and stability.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Emporia
- County
- Lyon
- State
- Kansas
- Longitude
- -96.2211
- Latitude
- 38.4216
- CBSA code
- 21380
- CBSA name
- EMPORIA, KS MICROPOLITAN STATISTICAL AREA
