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Property profile & analytics
FOR LEASE
Retail space

505 N Poplar St Newton, KS 67114

23,030 SF 1.96 ac lot Built 1938
Entity Owned Free & Clear
Property ID
US33-0116801
Property summary
AI-generated overview

This exceptional 23,030 square foot retail center, located at 505 N. Poplar St. in Newton, Kansas (zip code 67114), presents a compelling investment opportunity. The property, built in 1938 and extensively renovated in 2023, is classified as Class C and features a single, one-story building situated on a generous 1.96-acre lot. Currently, 12,500 square feet of space is available, with a minimum divisible unit of 2,500 square feet, offering flexibility for various retail tenants. The center boasts ample parking, with 100+ spaces conveniently located to the west and north of the building. Its prime location in downtown Newton provides excellent walkability to the historic district, ensuring high visibility and foot traffic. The property is zoned COM/IND, allowing for a range of commercial and industrial uses. Tenant-specific build-out options are available for qualified tenants. This property offers a unique blend of historical charm and modern updates, making it an ideal investment for those seeking a strong presence in the vibrant Newton market. The Harvey County location provides easy access to major transportation routes.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1938
Construction FRAME
Total area 23,030 SF
Lot 1.96 ac (85,378 SF)
Zoning code C-3
APN 094-17-0-30-09-001.00-0
UPID US33-0116801
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Sears Appliance Repair Home Appliance Store
  • American Auto Glass of Newton Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$605k
CAP Approach CAP
by Request
Comparable Approach Comparable
$877k
Blend (final) Blend
$740k
Owner & transaction history
1 WICHITA INVESTMENTS LLC
1 WICHITA INVESTMENTS LLC
Zoning & alternative use
C-3 · Newton, KS
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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