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Property profile & analytics
FOR SALE
Warehouses

514 N Santa Fe Ave Salina, KS 67401

7,334 SF 0.25 ac lot Built 1928
Entity Owned 4-yr Hold ~ Est. High Equity
Property ID
US33-0476816
Property summary
AI-generated overview

This exceptional Salina, Kansas industrial property offers 16,611 square feet of flexible space, ideal for a variety of businesses. Situated on a substantial 51,026 square foot lot, this property boasts two buildings, each with unique features. The buildings, constructed in 1928, feature a single story with 13-foot ceilings, providing ample headroom for storage or manufacturing. One building includes a 780 square foot unique office space and a 2,500 square foot shop-warehouse area. Another building offers 900 square feet of office space, complete with an ADA-compliant bathroom/shower and kitchenette, along with a 2,420 square foot shop-warehouse area. A third building provides 7,900 square feet of warehouse space, a 100 square foot meeting room with bathroom, and access to a large fenced yard offering 41,000 square feet of storage or parking. The property features one loading dock and is zoned for Planned Development District and Industrial use, offering versatility for various business needs. High-quality electrical finishes are present throughout. The property is conveniently located on North Santa Fe in Salina, KS and is divisible to accommodate multiple tenants. This presents a rare opportunity to acquire a well-located and versatile industrial property with significant yard space in a desirable location.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1928
Construction FRAME
Total area 7,334 SF
Lot 0.25 ac (11,000 SF)
APN 081-12-0-20-31-002.00
UPID US33-0476816
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
by Request
CAP Approach CAP
$620k
Comparable Approach Comparable
$517k
Blend (final) Blend
$570k
Owner & transaction history
Compound Properties LLC · 4 yrs held
Compound Properties LLC
since 2021
2 recorded transactions
2021
Price N/A
2010
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building $845,000 +65.8%
Retail stores $625,000 +22.9%
Auto repair, garage $575,000 +12.3%
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