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Property profile & analytics
OFF-MARKET Estimated value $725,000
Assisted living facilities

511 Western Ave Girard, KS 66743-1152

32,540 SF 3.77 ac lot Built 1967
Entity Owned Free & Clear
Property ID
US33-1455475
Property summary
AI-generated overview

This exceptional 32,540 square foot property, located at 511 N Western Ave in Girard, Kansas, presents a unique investment opportunity. Built in 1967, this single-story building sits on a 4-acre lot and is zoned R-3, offering significant flexibility for redevelopment. Currently vacant, the former senior living facility features 58 bedrooms and 47 restrooms, along with ample common areas including dining space, a kitchen, and a physical therapy area. Architectural details include interior crown molding and VCT flooring and carpet, while the exterior boasts beautiful brickwork and outdoor pillars. The property also includes an oversized iron-framed garage/shop and outbuildings, providing additional space for various uses. Existing infrastructure includes plumbing, electrical systems, boiler heating, chiller cooling, and a fire suppression system, along with fire rock on the walls, potentially reducing redevelopment costs. The expansive grounds offer opportunities for landscaping, outdoor amenities, or expansion. The asking price is $495,000, translating to $15.21 per square foot. Note: this property will not be sold for use as a future long-term care or assisted living facility. This is a prime location for a variety of uses, including but not limited to independent living, office space, multi-family housing, or community housing.

Property profile
Verified
Property type Assisted living facilities
Use group HOMES (RETIRED, NURSING)
Year built 1967
Total area 32,540 SF
Lot 3.77 ac (164,221 SF)
APN 136-14-0-40-03-001.00-0
UPID US33-1455475
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$725k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$725k
Owner & transaction history
MLRE GIRARD, LLC
MLRE GIRARD, LLC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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