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Property profile & analytics
OFF-MARKET
Retail space

331 Commercial St Emporia, KS 66801-4010

5,725 SF 0.07 ac lot Built 1890
Entity Owned 21-yr Hold Free & Clear
Property ID
US33-1118391
Property summary
AI-generated overview

This exceptional investment opportunity encompasses five structures across four distinct properties in Emporia, Kansas, offering substantial rental income and significant potential for future growth. The portfolio includes a triplex at 502 Neosho Street featuring one two-bedroom and two remodeled one-bedroom apartments, all currently leased. Also included is a renovated three-bedroom, one-bath, 1 1/2-story home at 717 East Street. A one-bedroom, one-bath home at 504 Chestnut Street is bundled with a four-bedroom, one-bath bungalow at 896 West 5th Street, both featuring crawl spaces. The cornerstone of this investment is the commercial property located at 331 Commercial Street. This building boasts two separate commercial rental spaces on the main floor and four residential apartments upstairs. Three of the four upstairs units and both main floor commercial spaces are currently leased, generating a combined monthly income of $2,550. This diverse portfolio presents a rare chance to acquire a substantial, income-producing real estate package in a desirable location. The properties offer a blend of residential and commercial income streams, providing a robust and diversified investment strategy. This is an ideal opportunity for investors seeking a turnkey portfolio with immediate cash flow and long-term appreciation potential. The properties are sold as a package.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1890
Total area 5,725 SF
Lot 0.07 ac (3,250 SF)
APN 195-15-0-20-15-001.00-0
UPID US33-1118391
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
  • Spartan Staffing Employment Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Arndt Property Services LLC · 21 yrs held
Arndt Property Services LLC
since 2005
1 recorded transaction
2005
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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