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

    507 Chestnut St Junction City, KS 66441-9410

    • Banks
    • 4,757 SF
    • 1.00 lot acres
    OFF-MARKET
    Value Estimations
    $505,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US33-1082509
    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

    • Banks

    Property Details for 507 Chestnut St

    Year built
    2013
    Lot size
    1.00 lot acres
    Property size
    4,757 SF
    Property type
    Banks
    APN
    111-12-0-40-02-005.04-0
    APU
    1111204002005040

    Description

    This exceptional 4,757-square-foot freestanding retail building presents a unique investment opportunity in Junction City, Kansas. Constructed in 2013, the property boasts a single-tenant occupancy and sits on a generous one-acre lot, providing ample space and visibility. Located at 507 E. Chestnut Street, this building offers a prime location within Geary County, easily accessible to the city's main thoroughfares and a thriving customer base. The property's modern design and spacious layout make it ideal for a variety of retail uses. The single-tenant configuration offers simplicity and streamlined management, while the substantial square footage allows for flexible interior design to suit specific business needs. The large land area provides ample parking and potential for future expansion or outdoor amenities. This property represents a rare opportunity to acquire a well-maintained, strategically located retail space in a growing Kansas community. The building's 2013 construction ensures modern infrastructure and efficient operation, minimizing maintenance costs and maximizing potential returns. Its freestanding nature provides excellent brand visibility and independent access, enhancing its appeal to prospective tenants. With its combination of size, location, and modern construction, this property is poised for immediate occupancy and long-term success. The property's address is 507 E. Chestnut Street, Junction City, Kansas, zip code 66441.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $505,000

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $730,000
      RETAIL STORES
      $540,000
      AUTO REPAIR, GARAGE
      $520,000
      COMMERCIAL (GENERAL)
      $515,000
      WAREHOUSE, STORAGE
      $400,000
      NEIGHBORHOOD: SHOPPING CENTER
      $320,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Junction City
    County
    Geary
    State
    Kansas
    Longitude
    -96.8211
    Latitude
    39.0213
    CBSA code
    31740
    CBSA name
    MANHATTAN, 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
    2022
    $48,126
    $19,773
    $298,498
    $318,271
    -
    $79,090
    $1,193,990
    $1,273,080

    Comparable in this City

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      5,000 SF

      539 6th St

      FINANCIAL BUILDING • 5,000 SF
      539 6th St, Junction City, KS 66441-3143
      View Details
    • Value Estimation
      $510,000
      6,612 SF

      121 Washington St

      FINANCIAL BUILDING • 6,612 SF
      121 Washington St, Junction City, KS 66441-2906
      View Details
    • Value Estimation
      $320,000
      2,062 SF

      929 Washington St

      FINANCIAL BUILDING • 2,062 SF
      929 Washington St, Junction City, KS 66441-3805
      View Details
    • Value Estimation
      $435,000
      7,123 SF

      904 6th St

      FINANCIAL BUILDING • 7,123 SF
      904 6th St, Junction City, KS 66441-3229
      View Details
    • Value Estimation
      $360,000
      6,286 SF

      116 8th St

      FINANCIAL BUILDING • 6,286 SF
      116 8th St, Junction City, KS 66441
      View Details
    • Value Estimation
      $410,000
      3,226 SF

      227 18th St

      FINANCIAL BUILDING • 3,226 SF
      227 18th St, Junction City, KS 66441-2320
      View Details

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    Similar Nearby for Lease

    • Contact for pricing
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      Junction City Retail Storefront

      High-profile 3,900 SF retail space.
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      View Details
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      3,900 SF retail space with easy highway access.
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      Equipped Cafe Space For Lease

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      High-Visibility Retail Space Available
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      View Details
    • $5 SF/Yr
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      Junction City Warehouse - 4,036 SF

      High-traffic Junction City warehouse, excellent access to I-70.
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      7,408 SF

      Junction City Medical Office Building

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    Junction City, KS 66441-9410
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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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