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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    500 13Th St Leavenworth, KS 66048

    • Small apartment buildings
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US33-0847530
    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

    • Small apartment buildings

    Property Details for 500 13Th St

    Property type
    Small apartment buildings

    Description

    This exceptional investment opportunity presents a multifamily property situated on a 1,390 square foot lot in Leavenworth, Kansas. Located at 500 N 13TH Street, zip code 66048, this property is classified as both residential and an apartment building, specifically a duplex, triplex, or quadplex. The asking price is $35,000. The property's classification as land and multifamily indicates potential for various development or investment strategies. Given its location in Leavenworth County, Kansas, investors should conduct their own due diligence regarding local zoning regulations, permitted uses, and potential rental income projections. The property's size, combined with its multifamily designation, suggests a promising return on investment for those seeking to enter the Leavenworth real estate market. Further investigation into the property's condition, tenant occupancy, and potential rental income is recommended before making a purchase decision. This property is being offered as-is, and potential buyers are responsible for conducting their own inspections and appraisals to determine its fair market value and suitability for their investment goals. The latitude and longitude coordinates are 39.3217798, -94.9346332. This information is provided for informational purposes only and should not be considered a substitute for professional advice.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Leavenworth
    County
    Leavenworth
    State
    Kansas
    Longitude
    -94.9346332
    Latitude
    39.3217798

    Comparable in this City

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      Leavenworth Multifamily Investment Opportunity

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      Historic Leavenworth Building with Income

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      Leavenworth Multifamily Investment Opportunity

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    • $1,100,000

      Downtown Leavenworth Mixed-Use Building

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      100 S 5Th St, Leavenworth, KS 66048
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    Similar Nearby for Sale

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      Historic Leavenworth Building with Income

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    • $3,750,000
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      Leavenworth Multifamily Investment Opportunity

      Mix-use hotel and apartment building with redevelopment potential in historic Leavenworth.
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    • $1,100,000

      Downtown Leavenworth Mixed-Use Building

      Commercial and residential building in a prime downtown location.
      100 S 5Th St, Leavenworth, KS 66048
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    • $1,950,000
      0.06 Acres

      Leavenworth Multifamily Investment Opportunity

      18-unit multifamily property near Fort Leavenworth with value-add potential.
      720 Ottawa St, Leavenworth, KS 66048
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    • $2,000,000
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      Leavenworth Multifamily Investment Opportunity

      Four buildings with 29 units and 17 garage spaces.
      514 7Th St, Leavenworth, KS 66048
      View Details
    • $659,000
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      Leavenworth Multifamily Investment Opportunity

      Six updated units with garages and in-unit laundry.
      310-312 N 8Th St, Leavenworth, KS 66048
      View Details

    Similar Nearby for Lease

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      Leavenworth Medical Office Space Available

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      Retail Spaces in Leavenworth Corridor

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      Medical Office Space For Rent

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    500 13Th St
    Leavenworth, KS 66048
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    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
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