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    Property profile & analytics

    905 Carthage St Meade, KS 67864-6406

    • Drive through restaurants
    • 2,381 SF
    • 0.68 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US33-0327847
    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

    • Buckingham trading post / Store

    Property Details for 905 Carthage St

    Year built
    1990
    Construction
    FRAME
    Lot size
    0.68 lot acres
    Property size
    2,381 SF
    Property type
    Drive through restaurants
    APN
    132-10-0-10-03-004.00-0
    APU
    1321001003004000

    Description

    This exceptional investment opportunity presents a single-tenant, absolute NNN leased Pizza Hut located at 905 W Carthage St, Meade, KS 67864. The property boasts 2,676 square feet on a 0.68-acre lot, built in 1990 and currently enjoying 100% occupancy. The lease features a remaining term of 14.7 years with attractive 1.50% annual rent bumps, ensuring consistent income growth. The asking price is $970,883, representing a compelling $362.81 per square foot and a 6.50% cap rate. The property generates a strong net operating income (NOI) of $63,107. This prime retail location benefits from its position directly off U.S. Highway 54, providing excellent visibility and accessibility. Its adjacency to a large truck stop further enhances its strategic location and potential for high customer traffic. The property consists of a single, one-story building, making it an easily managed and low-maintenance investment. This is a rare opportunity to acquire a well-established, high-performing QSR in a desirable location with a long-term lease and significant upside potential. The property is classified as QSR/Fast Food and Restaurant.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Meade
    County
    Meade
    State
    Kansas
    Longitude
    -100.35
    Latitude
    37.285

    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
    2023
    $9,109
    $2,320
    $42,390
    $44,710
    -
    $9,280
    $169,560
    $178,840

    Comparable in this City

    • Value Estimation
      $330,000
      5,350 SF

      138 Fowler St

      BAR, TAVERN • 5,350 SF
      138 Fowler St, Meade, KS 67864-6769
      View Details
    • Value Estimation
      $340,000
      1,000 SF

      808 Carthage St

      RESTAURANT • 1,000 SF
      808 Carthage St, Meade, KS 67864-6507
      View Details
    • Value Estimation by Request
      9,680 SF

      809 Carthage St

      RESTAURANT • 9,680 SF
      809 Carthage St, Meade, KS 67864-6507
      View Details
    • Value Estimation
      $355,000
      1,860 SF

      801 Carthage St

      RESTAURANT • 1,860 SF
      801 Carthage St, Meade, KS 67864-6495
      View Details
    • Value Estimation
      $325,000
      800 SF

      622 Fowler St

      RESTAURANT • 800 SF
      622 Fowler St, Meade, KS 67864-6773
      View Details
    • Value Estimation by Request
      0.49 Acres

      Post

      RETAIL STORES (PERSONAL SERVICES) • 0.49 Acres
      Post, Meade, KS 67864
      View Details
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    905 Carthage St
    Meade, KS 67864-6406
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    Realmo Value Estimation

    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.

    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.

    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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