Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    501 Main St Garden City, KS 67846-5430
    Back to Search
    Property profile & analytics

    501 Main St, Garden City, KS 67846-5430

    View on Map
    • Retail space
    • 3,560 SF
    • 0.11 lot acres
    Off-Market
    Last Sale Dec 16, 2024
    Property ID
    US33-1342757
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Adams Real Estate / Real Estate Agency
    • Wind Fire / Sculpture

    Property Details for 501 Main St

    Year built
    1951
    Construction
    FRAME
    Lot size
    0.11 lot acres
    Property type
    Retail space
    APN
    274-18-0-10-35-003.00-0
    APU
    2741801035003000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 16, 2024 — Reddy Five LLC Linda Adams Warranty Deed $215k · Security State Bank
    Jul 8, 2008 — Greg Adams Michael J Friesen Warranty Deed —
    Apr 7, 2006 — Michael J Friesen Lydia K Friesen Intrafamily Transfer · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Garden City
    County
    Finney
    State
    Kansas
    Longitude
    -100.874
    Latitude
    37.969
    CBSA code
    23780
    CBSA name
    GARDEN CITY, KS MICROPOLITAN 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
    $4,921
    $2,495
    $28,255
    $30,750
    -
    $9,980
    $113,020
    $123,000

    Comparable in this City

    • Value Estimation by Request
      7,980 SF

      518 Gdn City Ave

      RETAIL STORES (PERSONAL SERVICES)
      518 Gdn City Ave, Garden City, KS 67846
      View Details
    • Value Estimation by Request
      4,250 SF

      3106 Kansas Ave

      RETAIL STORES (PERSONAL SERVICES)
      3106 Kansas Ave, Garden City, KS 67846
      View Details
    • Value Estimation
      $540,000
      8,106 SF

      117 Laurel St

      RETAIL STORES (PERSONAL SERVICES)
      117 Laurel St, Garden City, KS 67846-5421
      View Details
    • Value Estimation
      $4,070,000
      61,271 SF

      419 Main St

      RETAIL STORES (PERSONAL SERVICES)
      419 Main St, Garden City, KS 67846-5429
      View Details
    • Value Estimation by Request
      7,854 SF

      116 Chestnut St

      RETAIL STORES (PERSONAL SERVICES)
      116 Chestnut St, Garden City, KS 67846-5475
      View Details
    • Value Estimation by Request
      2,800 SF

      1616 Fulton Plz

      RETAIL STORES (PERSONAL SERVICES)
      1616 Fulton Plz, Garden City, KS 67846-6163
      View Details

    Similar Nearby for Sale

    • $900,000
      0.83 Acres

      Turnkey Liquor Store on Kansas Avenue

      High-visibility commercial property with existing liquor store setup on Kansas Avenue.
      1505 E Kansas Ave, Garden City, KS 67846
      View Details
    • $1,359,072
      2.40 Acres

      Prime Commercial Land Opportunity

      2.4 acres in high-growth area, ideal for development.
      2031 Harding Ave, Garden City, KS 67846
      View Details
    • Contact for pricing
      3,824 SF

      High-Visibility Commercial Building on Kansas

      3,824 SF building on 41,000 SF lot on Kansas Avenue.
      2414 E Kansas Ave, Garden City, KS 67846
      View Details
    • $375,000
      0.49 Acres

      Commercial Building in High Traffic Area

      Commercial building in Garden City, suitable for various businesses.
      501 W Mary St, Garden City, KS 67846
      View Details
    • Contact for pricing
      3,500 SF

      Retail Outparcel Near Sam's Club

      Retail space with a new 10-year lease extension.
      3010 E Kansas Ave, Garden City, KS 67846
      View Details
    • $920,000
      1.08 Acres

      Profitable Gas Station Investment Opportunity

      Gas station and convenience store in high-traffic Garden City corridor.
      1505 Buffalo Jones Ave, Garden City, KS 67846
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,708 SF

      Freestanding Retail Building For Rent

      2,708 SF freestanding building with high traffic and visibility.
      1102 N Campus Dr, Garden City, KS 67846
      View Details
    • $4,648 /Mo
      50,965 SF

      Garden City Office/Retail Space

      Highly visible office or retail space in downtown Garden City.
      911 N Main St, Garden City, KS 67846
      View Details
    • Contact for pricing

      Retail Space on Kansas Avenue

      Retail space available in Garden City's primary retail corridor.
      2214 E Kansas Ave, Garden City, KS 67846
      View Details
    • $2,600 /Mo

      Retail Space on High-Traffic Street

      Highly visible retail space with cooler and ample parking.
      1904 E Mary St, Garden City, KS 67846
      View Details
    • Contact for pricing

      Retail/Office Space with Garage

      2500 sq ft retail/office space with heated garage.
      1010 W Mary St, Garden City, KS 67846
      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.
    501 Main St
    Garden City, KS 67846-5430
    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

    Thank You for Inquiry
    501 Main St, Garden City, KS, 67846
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!