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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3015 Michigan St Pittsburg, KS 66762-2546

    • Office buildings
    • 11,962 SF
    • 1.70 lot acres
    OFF-MARKET
    Value Estimations
    $1,000,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US33-1128748
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • John U. Parolo Education Center / Training Center / Tutoring Service
    • CHCSEK / High School / Vocational School
    • Community Health Center of Southeast Kansas Administration Building / Corporate Office

    Property Details for 3015 Michigan St

    Year built
    2006
    Construction
    FRAME
    Lot size
    1.70 lot acres
    Property size
    11,962 SF
    Property type
    Office buildings
    APN
    204-17-0-20-02-010.01-0
    APU
    2041702002010010

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,000,000
      Market price range: $615k - $1.41M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,000,000
      Current use
      MEDICAL BUILDING
      $1,340,000
      Change: +34% Conversion: Easy
      RESTAURANT
      $1,330,000
      Change: +33% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $1,050,000
      Change: +5% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $935,000
      Change: -6% Conversion: Easy
      RETAIL STORES
      $895,000
      Change: -10% Conversion: Moderate
      WAREHOUSE, STORAGE
      $800,000
      Change: -20% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Pittsburg
    County
    Crawford
    State
    Kansas
    Longitude
    -94.6977
    Latitude
    37.438
    CBSA code
    38260
    CBSA name
    PITTSBURG, KS MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $0.00
    $0.00
    $0.00
    $0.00
    -
    $34,750
    $1,002,660
    $1,037,410

    Comparable in this City

    • Value Estimation by Request
      5,820 SF

      2802 Joplin St

      OFFICE BUILDING (MULTI-STORY) • 5,820 SF
      2802 Joplin St, Pittsburg, KS 66762-2567
      View Details
    • Value Estimation
      $555,000
      6,611 SF

      510 Deill St

      OFFICE BUILDING (MULTI-STORY) • 6,611 SF
      510 Deill St, Pittsburg, KS 66762-6402
      View Details
    • Value Estimation
      $765,000
      9,168 SF

      667 Hwy 69

      OFFICE BUILDING (MULTI-STORY) • 9,168 SF
      667 Hwy 69, Pittsburg, KS 66762-8600
      View Details
    • Value Estimation by Request
      5,908 SF

      1813 4th St

      OFFICE BUILDING (MULTI-STORY) • 5,908 SF
      1813 4th St, Pittsburg, KS 66762-8619
      View Details
    • Value Estimation by Request
      7,838 SF

      826 4th St

      OFFICE BUILDING (MULTI-STORY) • 7,838 SF
      826 4th St, Pittsburg, KS 66762-4249
      View Details
    • Value Estimation by Request
      2,556 SF

      908 Broadway St

      OFFICE BUILDING (MULTI-STORY) • 2,556 SF
      908 Broadway St, Pittsburg, KS 66762-5412
      View Details

    Similar Nearby for Sale

    • $399,900
      4,398 SF

      Commercial Brick Building in Pittsburg

      Commercial brick building in Pittsburg's North Broadway Business District.
      2807 N Broadway St, Pittsburg, KS 66762
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    • $1,900,000
      30,000 SF

      Office/Warehouse Building on 14.95 Acres

      30,000 SF office/warehouse on 14.95 acres, available January 2025.
      720 W 20Th St, Pittsburg, KS 66762
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    • $775,000
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      Office Building in Pittsburg, Kansas

      Spacious office building with ample parking in central Pittsburg.
      824 E 4Th St, Pittsburg, KS 66762
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    • $775,000
      1.30 Acres

      Prime Pittsburg Office Building

      Spacious Office Building, Excellent Location
      824 4Th St, Pittsburg, KS 66762
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    • $750,000
      1,720 SF

      Historic Pittsburg Multi-Use Property

      Charming 1930s property with commercial space and remodeled residential area.
      915-917 N Broadway St, Pittsburg, KS 66762
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    • $1,900,000
      30,000 SF

      Pittsburg KS Industrial Property

      30,000 SF Flex Space, 14.95 Acres
      720 20Th St, Pittsburg, KS 66762
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    Similar Nearby for Lease

    • $11 SF/Yr
      4,572 SF

      Prime Pittsburg Office Space

      Executive Suites, Ample Parking, High Visibility
      2807 Broadway St, Pittsburg, KS 66762
      View Details
    • $5 SF/Yr
      2,400 SF

      Downtown Pittsburg Office Space

      Prime location, newly renovated, 2,400 sq ft.
      111 4Th St, Pittsburg, KS 66762
      View Details
    • $8 SF/Yr
      1,350 SF

      Executive Office Suite, Broadway

      Prime location, 1350 sq ft office
      2809 Broadway St, Pittsburg, KS 66762
      View Details
    • $4 SF/Yr
      2,500 SF

      Downtown Pittsburg Office Space

      Prime Corner Office, 2,500 sq ft
      105 4Th St, Pittsburg, KS 66762
      View Details
    • $5 SF/Yr
      185,000 SF

      Local Shopping Mall and Complex

      Shopping mall and complex near Highway 169 and Pitt State.
      200 Centennial Dr, Pittsburg, KS 66762
      View Details
    • $17 SF/Yr
      1,979 SF

      Retail Space Near US 69

      1,979 SF retail space near major retailers and US-69.
      2832 N Broadway St, Pittsburg, KS 66762
      View Details
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    3015 Michigan St
    Pittsburg, KS 66762-2546
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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