Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    409 Delaware St Leavenworth, KS 66048-2732

    • Retail space
    • 32,090 SF
    • 0.28 lot acres
    OFF-MARKET
    Last Sale
    Feb 07, 2025
    Value Estimations
    $1,095,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US33-0517509
    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

    • Grace and Truth Fellowship / Christian Church

    Property Details for 409 Delaware St

    Year built
    1875
    Construction
    FRAME
    Lot size
    0.28 lot acres
    Property size
    32,090 SF
    Property type
    Retail space
    APN
    077-25-0-33-16-002.00-0
    APU
    772503316002000

    Description

    This exceptional commercial property at 409 Delaware Street, Leavenworth, Kansas, presents a unique investment opportunity. Priced at $365,000, this three-story building, constructed in 1875, boasts a substantial 12,000 square foot lot. The property actually comprises two adjacent three-story buildings (409-411 and 413-415 Delaware Street) connected, each with a basement, though the total square footage listed does not include the second and third floors of either building or the basement space. The building enjoys a prime location in Leavenworth's bustling shopping district, ensuring high visibility and foot traffic. One side of the building is currently leased month-to-month to a church, featuring office space and a bathroom. The other side offers a spacious, open showroom area, ideal for a variety of retail uses. Convenient rear access is provided via a loading dock and freight elevator, facilitating efficient operations. Ample parking is available both in the rear and on the street. This remarkable property offers a rare chance to establish a thriving business within the vibrant heart of historic downtown Leavenworth. The property's age and location contribute to its unique character and potential.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $725,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,469,000
      Market price range: $1.47M - $3.30M

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

    Location Insight

    • Map
    • Local Demand
    City
    Leavenworth
    County
    Leavenworth
    State
    Kansas
    Longitude
    -94.9143
    Latitude
    39.3178
    CBSA code
    28140
    CBSA name
    KANSAS CITY, MO-KS METROPOLITAN 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
    2023
    $9,231
    $11,525
    $59,495
    $71,020
    -
    $46,100
    $237,980
    $284,080

    Comparable in this City

    • Value Estimation by Request
      4,806 SF

      5111 10th Ave

      RETAIL STORES (PERSONAL SERVICES) • 4,806 SF
      5111 10th Ave, Leavenworth, KS 66048-5518
      View Details
    • Value Estimation
      $595,000
      5,440 SF

      2209 4th St

      RETAIL STORES (PERSONAL SERVICES) • 5,440 SF
      2209 4th St, Leavenworth, KS 66048-4508
      View Details
    • Value Estimation by Request
      1,840 SF

      600 5th St

      RETAIL STORES (PERSONAL SERVICES) • 1,840 SF
      600 5th St, Leavenworth, KS 66048-1402
      View Details
    • Value Estimation by Request
      560 SF

      516 5th St

      RETAIL STORES (PERSONAL SERVICES) • 560 SF
      516 5th St, Leavenworth, KS 66048-2611
      View Details
    • Value Estimation by Request
      448 SF

      514 5th St

      RETAIL STORES (PERSONAL SERVICES) • 448 SF
      514 5th St, Leavenworth, KS 66048
      View Details
    • Value Estimation by Request
      2,064 SF

      521 Cherokee St

      RETAIL STORES (PERSONAL SERVICES) • 2,064 SF
      521 Cherokee St, Leavenworth, KS 66048
      View Details

    Similar Nearby for Sale

    • $325,000
      0.28 Acres

      Historic Leavenworth Building with Income

      Late 1800s building with retail and residential income potential.
      504 Delaware St, Leavenworth, KS 66048
      View Details
    • $247,900

      Leavenworth Storefront - Prime Location

      High-demand retail space, excellent visibility.
      301 4Th St, Leavenworth, KS 66048
      View Details
    • Contact for pricing
      5,440 SF

      Freestanding Retail Property Available

      Retail property in a high-visibility location with ease of access.
      2209 S 4Th St, Leavenworth, KS 66048
      View Details
    • $295,000
      6,000 SF

      Downtown Leavenworth Retail Opportunity

      Retail property in historic downtown Leavenworth with living units.
      428 Delaware St, Leavenworth, KS 66048
      View Details
    • $1,100,000

      Downtown Leavenworth Mixed-Use Building

      Commercial and residential building in a prime downtown location.
      100 S 5Th St, Leavenworth, KS 66048
      View Details
    • $247,900
      0.34 Acres

      Leavenworth Retail Building - High Demand!

      Prime Location, High Visibility, Great Potential
      301 4Th St, Leavenworth, KS 66048
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,229 SF

      Retail Spaces in Leavenworth Corridor

      Retail spaces available in Leavenworth's main retail corridor.
      2920 S 4Th St, Leavenworth, KS 66048
      View Details
    • Contact for pricing
      10,000 SF

      Leavenworth Plaza Retail Spaces

      Prime Leavenworth retail, 3 spaces available.
      3400 4Th St, Leavenworth, KS 66048
      View Details
    • Contact for pricing

      Leavenworth Retail Pad - Hwy 92

      High-traffic retail lot, prime location.
      1104 4Th St, Leavenworth, KS 66048
      View Details
    • $25 SF/Yr
      56,385 SF

      Leavenworth Medical Office Space Available

      On-campus medical office space with surgery facility and ample parking.
      3550 S 4Th St, Leavenworth, KS 66048
      View Details
    • $3 SF/Yr

      Prime Commercial Land Opportunity

      Land available for ground lease, sale, or build-to-suit.
      551 Metropolitan Ave, Leavenworth, KS 66048
      View Details
    • Contact for pricing

      Prime Pad Site For Rent

      Outparcel near hotels and Fort Leavenworth with high traffic.
      410 Cheyenne St, Leavenworth, KS 66048
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    409 Delaware St
    Leavenworth, KS 66048-2732
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.