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Property profile & analytics
OFF-MARKET
Retail space
606 Main St Neodesha, KS 66757-1633
Individually Owned
Absentee Owner
Free & Clear
Property ID
US33-1475295
Property summary
AI-generated overview
This exceptional two-story commercial property in downtown Neodesha, Kansas, presents a unique investment opportunity. Built in 1920, this 0.16-acre lot at 606 W Main offers a spacious ground floor, perfect for retail, a café, office space, or a boutique. Its prime downtown location ensures high visibility and foot traffic. The property also features a large upstairs living area, ideal for residential use or rental income. This versatile space allows for customization to suit various business needs. The property's location within the bustling downtown area guarantees maximum exposure and accessibility. This is a rare chance to establish or expand a business in a thriving community. Consider the potential for utilizing grants designed to support historic downtown revitalization. This property offers a blend of commercial and residential potential, making it an attractive investment in a vibrant Kansas town.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1920
Total area
2,875 SF
Lot
0.08 ac (3,550 SF)
APN
194-20-0-30-28-010.00-0
UPID
US33-1475295
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
DARLENE SCHLEGEL
DARLENE SCHLEGEL
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Neodesha submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Neodesha submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$601
Tax year 2023
Assessed value
$3,224
Assessed 2023
Previous assessed
$3,254
-0.9% YoY
Effective rate
18.64%
On assessed value
Assessed land
$279
Assessed improvement
$2,945
Land market value
$1,470
Improvement market value
$16,110
Total market value
$17,580
Applied tax rate
6.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1920
Heating
YES
Cooling
YES
Buildings
2
Stories
1
Units
1
Total area
2,875 SF
Lot
0.08 ac (3,550 SF)
APN
194-20-0-30-28-010.00-0
UPID
US33-1475295
Jurisdiction
WILSON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1920
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Units
1
Lot
0.08 ac
Current owner
From public records · entity-resolved
DARLENE SCHLEGEL
Individual
Free & Clear · 0 yrs held
Mailing address
221 S 11TH ST, NEODESHA, KS 66757-1630
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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