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

    703 Mccollum Rd El Dorado, KS 67042-4055

    • Garden apartment buildings
    • 3,616 SF
    • 0.44 lot acres
    OFF-MARKET
    Value Estimations
    $340,000
    Show details
    Cap Rate Potential
    9%
    Garden apartment buildings
    Location Intelligence
    Property ID
    US33-0162211
    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

    • Garden apartment buildings

    Property Details for 703 Mccollum Rd

    Year built
    1984
    Lot size
    0.44 lot acres
    Property size
    3,616 SF
    Property type
    Garden apartment buildings
    APN
    008-167-26-0-40-01-001.00-0
    APU
    81672604001001000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $310,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $465,000
      6.5%
      $430,000
      7%
      $400,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $302,000
      Market price range: $122k - $302k

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $220,000
      Current use
      COMMERCIAL (GENERAL)
      $420,000
      Change: +93% Conversion: Moderate
      OFFICE BUILDING
      $370,000
      Change: +71% Conversion: Moderate
      MEDICAL BUILDING
      $350,000
      Change: +61% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $335,000
      Change: +52% Conversion: Difficult
      WAREHOUSE, STORAGE
      $325,000
      Change: +48% Conversion: Difficult
      RETAIL STORES
      $320,000
      Change: +47% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    El Dorado
    County
    Butler
    State
    Kansas
    Longitude
    -96.8414
    Latitude
    37.846
    CBSA code
    48620
    CBSA name
    WICHITA, KS METROPOLITAN 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
    2019
    $4,516
    $1,906
    $30,074
    $31,980
    -
    $16,570
    $261,510
    $278,080

    Comparable in this City

    • Value Estimation
      $360,000
      3,544 SF

      221 State St

      GARDEN APT, COURT APT (5+ UNITS) • 3,544 SF
      221 State St, El Dorado, KS 67042-3170
      View Details
    • Value Estimation
      $350,000
      3,436 SF

      215 State St

      GARDEN APT, COURT APT (5+ UNITS) • 3,436 SF
      215 State St, El Dorado, KS 67042-3169
      View Details
    • Value Estimation
      $350,000
      3,476 SF

      235 State St

      GARDEN APT, COURT APT (5+ UNITS) • 3,476 SF
      235 State St, El Dorado, KS 67042-3172
      View Details
    • Value Estimation
      $250,000
      2,268 SF

      705 12th Ave

      GARDEN APT, COURT APT (5+ UNITS) • 2,268 SF
      705 12th Ave, El Dorado, KS 67042-4366
      View Details
    • Value Estimation
      $255,000
      4,016 SF

      236 Broadview St

      GARDEN APT, COURT APT (5+ UNITS) • 4,016 SF
      236 Broadview St, El Dorado, KS 67042-3173
      View Details
    • Value Estimation by Request
      4,208 SF

      100 Smt St

      GARDEN APT, COURT APT (5+ UNITS) • 4,208 SF
      100 Smt St, El Dorado, KS 67042-2500
      View Details

    Similar Nearby for Sale

    • $435,000
      0.22 Acres

      Historic El Dorado Mixed-Use Investment

      Mixed-use property with office and apartment spaces in historic district.
      116 W Pine Ave, El Dorado, KS 67042
      View Details
    • Contact for pricing

      Historic Downtown Mixed-Use Building

      Retail/office/multi-family building in El Dorado's historic downtown.
      103 S Main St, El Dorado, KS 67042
      View Details
    • $3,450,000
      24,590 SF

      Days Inn & Suites, El Dorado, KS

      Profitable Kansas Hotel, 42 Units
      3200 El Dorado Ave, El Dorado, KS 67042
      View Details
    • $399,000
      15.30 Acres

      El Dorado Residential Land Development

      15 Acres, Prime Location, City Approved
      222 Millheisler Rd, El Dorado, KS 67042
      View Details
    • $250,000
      0.44 Acres

      Commercial Property in El Dorado

      Commercial building on large lot with business and office space.
      1425 W Central Ave, El Dorado, KS 67042
      View Details
    • New
      Contact for pricing
      0.09 Acres

      Historic Downtown Retail/Office Building

      Retail/office/multi-family building in Historic Downtown El Dorado, Kansas.
      103 S Main St, El Dorado, KS 67042
      View Details

    Similar Nearby for Lease

    • $14 SF/Yr
      14,322 SF

      Retail Space in Walmart Center

      Prime retail spaces available in Walmart-anchored shopping center.
      2733 W Central Ave, El Dorado, KS 67042
      View Details
    • $12 SF/Yr
      3,000 SF

      Versatile Office/Warehouse Flex Space

      3,000 SF flex space in El Dorado, Kansas.
      101 E 12Th Ave, El Dorado, KS 67042
      View Details
    • $1,500 /Mo
      3,049 SF

      El Dorado Commercial Space Available

      Commercial space for lease in El Dorado, Kansas.
      116 E Pine Ave, El Dorado, KS 67042
      View Details
    • $12 SF/Yr
      3,000 SF

      Versatile Office/Warehouse Flex Space

      3,000 SF Office/Warehouse Flex space in El Dorado, Kansas.
      El Dorado, KS 67042
      View Details
    • Contact for pricing

      El Dorado Pad Site Available

      Pad site for sale, ground lease, or build-to-suit.
      2220 W Central Ave, El Dorado, KS 67042
      View Details
    • Contact for pricing
      204,855 SF

      Spacious Warehouse in El Dorado

      204,855 SF warehouse on 16.8 acres for lease.
      2400 Pioneer Dr, El Dorado, KS 67042
      View Details
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    703 Mccollum Rd
    El Dorado, KS 67042-4055
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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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