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    Property profile & analytics

    460 Franklin Ave Colby, KS 67701-2326

    • Retail space
    • 4,550 SF
    • 0.07 lot acres
    OFF-MARKET
    Value Estimation
    $395,000
    Location Intelligence
    Property ID
    US33-1351750
    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

    • Palace Drug Store of Colby, LLC / Pharmacy / Gift Shop
    • Palace Drug Store / Pharmacy / Drug Store
    • Michael Larmer / Pharmacy
    • Randall Smith / Pharmacy

    Property Details for 460 Franklin Ave

    Year built
    1900
    Construction
    FRAME
    Lot size
    0.07 lot acres
    Property size
    4,550 SF
    Property type
    Retail space
    APN
    109-31-0-30-24-015.00-0
    APU
    1093103024015000

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Colby
    County
    Thomas
    State
    Kansas
    Longitude
    -101.046
    Latitude
    39.3977

    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
    $4,397
    $3,308
    $23,045
    $26,353
    -
    $13,230
    $92,180
    $105,410

    Comparable in this City

    • Value Estimation by Request
      1,250 SF

      155 3rd St

      RETAIL STORES (PERSONAL SERVICES) • 1,250 SF
      155 3rd St, Colby, KS 67701-2306
      View Details
    • Value Estimation
      $320,000
      2,998 SF

      465 Franklin Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,998 SF
      465 Franklin Ave, Colby, KS 67701-2325
      View Details
    • Value Estimation by Request
      900 SF

      930 Range Ave

      RETAIL STORES (PERSONAL SERVICES) • 900 SF
      930 Range Ave, Colby, KS 67701-3501
      View Details
    • Value Estimation
      $365,000
      3,620 SF

      175 3rd St

      RETAIL STORES (PERSONAL SERVICES) • 3,620 SF
      175 3rd St, Colby, KS 67701-2304
      View Details
    • Value Estimation
      $390,000
      5,834 SF

      155 5th St

      RETAIL STORES (PERSONAL SERVICES) • 5,834 SF
      155 5th St, Colby, KS 67701-2312
      View Details
    • Value Estimation
      $390,000
      3,882 SF

      560 Franklin Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,882 SF
      560 Franklin Ave, Colby, KS 67701-2328
      View Details
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    460 Franklin Ave
    Colby, KS 67701-2326
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    Realmo Value Estimation

    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.

    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.

    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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