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

    501 Vine St Hays, KS 67601

    • Drive through restaurants
    • 1,032 SF
    • 4.90 lot acres
    For Sale
    View listing
    $1,950,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US33-1337383
    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

    • Drive through restaurants

    Property Details for 501 Vine St

    Year built
    1956
    Lot size
    4.90 lot acres
    Property size
    1,032 SF
    Property type
    Drive through restaurants
    APN
    182-04-0-40-01-001.00
    APU
    182040400100100

    Description

    This ±4.9-acre commercial development land in Hays, Kansas, is offered at auction. Strategically located at the intersection of Highway 183 and its bypass, this property provides unparalleled access for distribution, trucking, and other businesses needing high visibility and multiple access points. The site boasts exceptional accessibility with multiple entry points from both Highway 183 and its bypass, maximizing exposure to high traffic counts (8870 vehicles north, 4180 west, and 5450 south, per recent daily count). Its versatility allows for a wide range of commercial uses, including distribution centers, retail establishments, service businesses, and logistics hubs. The property is zoned commercial and presents significant potential for future development, including a possible new entrance directly off the 183 Bypass. Hays, Kansas offers a blend of historical charm, cultural attractions, outdoor recreation, and modern amenities, serving as a regional retail center for Northwest Kansas. The Hays Regional Airport (HYS), offering general aviation services and connections to Denver and Chicago via United Express, is conveniently located approximately three miles southeast of the property. This prime location and adaptable features make this a cornerstone opportunity in the local commercial real estate market. The asking price is $1,000,000. The property is located at 501 Vine St, Hays, KS 67601.

    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
    Hays
    County
    Ellis
    State
    Kansas
    Longitude
    -99.319
    Latitude
    38.8626
    CBSA code
    25700
    CBSA name
    HAYS, 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
    $10,883
    $56,909
    $39,165
    $96,074
    -
    $278,730
    $156,660
    $435,390

    Comparable in this City

    • Value Estimation by Request
      2,268 SF

      2102 Vine St

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,268 SF
      2102 Vine St, Hays, KS 67601-2854
      View Details
    • Value Estimation by Request
      1,632 SF

      527 17th St

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,632 SF
      527 17th St, Hays, KS 67601-3314
      View Details
    • Value Estimation by Request
      5,605 SF

      224 11th St

      DRIVE-THRU RESTAURANT, FAST FOOD • 5,605 SF
      224 11th St, Hays, KS 67601-3805
      View Details
    • Value Estimation by Request
      1,475 SF

      1226 27th St

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,475 SF
      1226 27th St, Hays, KS 67601-2106
      View Details
    • Value Estimation by Request
      2,611 SF

      1230 27th St

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,611 SF
      1230 27th St, Hays, KS 67601-2106
      View Details
    • Value Estimation by Request
      1,474 SF

      700 Main St

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,474 SF
      700 Main St, Hays, KS 67601-4439
      View Details

    Similar Nearby for Sale

    • $2,450,000
      2.00 Acres

      Prime Location Auto Services Property

      Corner lot in business district near I-70 and Hwy 183.
      4240 Vine St, Hays, KS 67601
      View Details
    • $790,000

      Hays, KS Investment Opportunity

      Property with office spaces, shop, bays, parking, and house.
      1327 Rome Rd, Hays, KS 67601
      View Details
    • $599,000

      Hays Commercial Property For Sale

      Flexible commercial property with high ceilings and ample parking.
      1017 E 13Th St, Hays, KS 67601
      View Details
    • $599,000
      11,049 SF

      Hays, KS Auto Shop - $599,000

      11,049 SF Auto Shop, Vacant, High Potential
      1017 13Th St, Hays, KS 67601
      View Details
    • New
      $90,000
      12,972 SF

      Hays Warehouse and Retail Space

      12,972 sq ft building suited for warehouse and retail.
      1001 Vine St, Hays, KS 67601
      View Details
    • Contact for pricing

      Hays Retail Space on Vine

      Retail space in Centennial Mall with high visibility and access.
      2520 Vine St, Hays, KS 67601
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr
      61,740 SF

      Hays Retail Center - Prime Location

      High-traffic retail space, flexible sizes.
      2918 Vine St, Hays, KS 67601
      View Details
    • $12 SF/Yr
      5,040 SF

      Hays, KS Retail Space - Vine St.

      Prime Hays retail space, high visibility, 5,040 sq ft.
      2520 Vine St, Hays, KS 67601
      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 Vine St
    Hays, KS 67601
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.