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Property profile & analytics
FOR SALE
Outlet malls

3201 N 16Th St Parsons, KS 67357

155,100 SF 28.72 ac lot Built 2005
Entity Owned Absentee Owner Free & Clear
Property ID
US33-0584406
3201 N 16Th St, Parsons, KS 67357 For Sale
$13,115,000 155,100 SF
3201 N 16Th St, Parsons, KS 67357
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Property summary
AI-generated overview

This exceptional commercial land opportunity in Parsons, Kansas, presents four available outlots situated near a high-traffic Walmart. The property offers a range of lot sizes, providing flexibility for various development plans. Lot 2 encompasses approximately 2.45 acres, Lot 4 measures roughly 1.49 acres, Lot 5 is approximately 1.61 acres, and Lot 6 is about 1.12 acres. Currently zoned for light industrial use, the land is poised for commercial development, capitalizing on the significant foot traffic generated by the adjacent Walmart, which boasts an average of 1.3 million annual visits. This strategic location makes it ideal for a diverse range of businesses, including automotive, retail, office, and restaurant establishments. The property's address is 3201 N 16th St, Parsons, KS 67357, within Labette County. The high visibility and accessibility of this location, coupled with the potential for substantial customer traffic, make this an attractive investment opportunity for developers and entrepreneurs seeking a prime commercial site in a thriving area. The total acreage available ranges from 1.12 to 2.45 acres. This presents a unique chance to establish a presence in a well-established retail corridor.

Property profile
Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 2005
Total area 155,100 SF
Lot 28.72 ac (1,251,043 SF)
APN 023-06-0-00-01-001.00-0
UPID US33-0584406
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
  • Walmart Pet Services Kennel & Boarding Facility
  • Walmart Deli Food Market Restaurant
  • Walmart Home Theater Installation Electrical Service General Contractor
  • Walmart Patio & Garden Services Landscaping General Contractor
  • Walmart Tech Services Computer & Electronic Repair Tech Support Center
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$13.12M
Owner & transaction history
WALMART REAL EST
WALMART REAL EST
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $21.6M +32.9%
Restaurant $20.4M +26.0%
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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