602 Washington St Concordia, KS 66901-2807
Prime downtown Concordia location, this 5,696 sq ft office building presents a unique investment opportunity. The property boasts three separate office spaces, offering flexibility for various business needs. One space is currently leased to Cloud Corp on a long-term contract, featuring updated flooring, a reception area with a secure storage safe, multiple private offices, a large conference room with kitchenette, a half-bath, and enclosed storage. A second space is vacant and ready for a new tenant, offering a wide-open layout. The third space, previously occupied by Moody Hue, has undergone significant renovations, including new wiring, plumbing, HVAC, flooring, light fixtures, and a bathroom with an exterior handwashing sink. An upstairs area, accessible via an exterior entrance on Washington Street, offers additional space for development, with grants potentially available to assist with renovations. The building also features new windows (partially installed), a full basement with storage, a utility room, and an old public restroom. The property sits on a large 5.898-acre lot. Current lease details and income information are available upon request. Some improvements will transfer to the new owner.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2019Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.