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Property profile & analytics
OFF-MARKET
Specialty properties
805 Caroline Ave Junction City, KS 66441-5211
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US33-0810028
Property summary
AI-generated overview
This exceptional commercial property, located at 805 Caroline Ave in Junction City, Kansas, offers 4,905 square feet of versatile space on a 2-acre lot. Ideally situated a block from Highway 77 and minutes from Interstate 70, this property boasts excellent accessibility. The building features a welcoming reception area, at least four existing office spaces with potential for expansion, and a large chapel-style room perfect for meetings, classes, or events. Additional amenities include a kitchenette, two bathrooms, abundant storage, and an attached tandem garage. The property also includes beautifully landscaped grounds with an irrigation system and a large parking lot with over 35 spaces. This well-maintained building is perfect for a variety of commercial uses and presents a significant opportunity for growth. The asking price is $750,000. The property's zip code is 66441, and it's located in Geary County.
Property profile
Verified
Property type
Specialty properties
Use group
FUNERAL HOME
Year built
1998
Construction
FRAME
Total area
4,905 SF
Lot
2 ac (87,120 SF)
APN
115-15-0-10-01-015.00-0
UPID
US33-0810028
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
Current use
Occupant on record · Public records
-
Mass-Hinitt Cremations, Funerals & Receptions Social Service Agency
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
Heartland Management Company · 9 yrs held
Heartland Management Company
since 2017
1 recorded transaction
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 Junction City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Junction City 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 2022Property tax & assessments
Tax year 2022
Tax billed
$18,438
Tax year 2022
Assessed value
$121,935
Assessed 2023
Previous assessed
$120,495
+1.2% YoY
Effective rate
15.12%
On assessed value
Assessed land
$7,750
Assessed improvement
$114,185
Land market value
$31,000
Improvement market value
$456,740
Total market value
$487,740
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Specialty properties
Use group
FUNERAL HOME
Status
Off-Market
Year built
1998
Construction
FRAME
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
4,905 SF
Lot
2 ac (87,120 SF)
APN
115-15-0-10-01-015.00-0
UPID
US33-0810028
Jurisdiction
GEARY
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
1998
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
2 ac
Current owner
From public records · entity-resolved
Heartland Management Company
Entity
Mailing address
PO BOX 5516, TOPEKA, KS 66605-0516
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 29, 2017
—
Heartland Management Company
—
Deed
related
$768,000 · Intrust Bank NA
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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