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Property profile & analytics
OFF-MARKET
Estimated value
$530,000
Warehouses
320 Main St, Cimarron, KS 67835
Entity Owned
Absentee Owner
Free & Clear
Property ID
US33-1098411
Property summary
AI-generated overview
This exceptional 7,200 square foot mixed-use property, located at 320 S Main St in Cimarron, Kansas (zip code 67835), presents a unique investment opportunity. Built in 1961 and extensively renovated in 2022, this single-story building sits on a 10,800 square foot lot and is zoned for commercial use. The layout is ideal for an owner-user, currently configured with a front office area and lobby, leading to a spacious rear workshop. Additional features include two more offices, a large parts room, and a convenient break room complete with a full kitchen and washer/dryer hookups. The property is equipped with 220v and 3-phase electrical service, perfect for accommodating heavy equipment. Two tiled bathrooms, one with a shower, add to the functionality. The property is available for occupancy on October 23, 2024. Its prime Main Street location offers excellent visibility and accessibility. This turnkey operation is priced at $275,000. The property's combination of office space and ample workshop area makes it suitable for a variety of businesses. Don't miss this chance to acquire a well-maintained, versatile commercial property in a desirable location.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1961
Total area
7,200 SF
Lot
0.25 ac (10,890 SF)
APN
101-11-0-10-37-005.00-0
UPID
US33-1098411
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
Current use
Occupant on record · Public records
-
Outlaw Irrigation Hardware & Home Improvement General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$530k
Owner & transaction history
OUTLAW IRRIGATION LLC
OUTLAW IRRIGATION LLC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Cimarron submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cimarron 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$800,000
Current use
Blend value · Realmo final
$530k
Range $477k – $583k · ±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
$74 / 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
$5,858
Tax year 2023
Assessed value
$34,008
Assessed 2023
Previous assessed
$29,895
+13.8% YoY
Effective rate
17.23%
On assessed value
Assessed land
$2,310
Assessed improvement
$31,698
Land market value
$9,240
Improvement market value
$126,790
Total market value
$136,030
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1961
Heating
YES
Cooling
YES
Stories
1
Units
8
Total area
7,200 SF
Lot
0.25 ac (10,890 SF)
APN
101-11-0-10-37-005.00-0
UPID
US33-1098411
Jurisdiction
GRAY
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
WAREHOUSE, STORAGE Current
Est. value
$800,000
WAREHOUSE, STORAGE Current
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
1961
Heating
YES
Cooling
Yes
Stories
1
Units
8
Lot
0.25 ac
Current owner
From public records · entity-resolved
OUTLAW IRRIGATION LLC
Entity
Free & Clear · 0 yrs held
Mailing address
16502 Q RD, CIMARRON, KS 67835-8810
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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