702 Caroline AveJunction City, KS 66441

  • Medical offices
  • 7,744 SF
For Lease

Property Details for 702 Caroline Ave

Year built
2014
Lot size
1.61 AC
Property size (Sq ft)
7,744 SF
Property type
Medical offices
Property subtype
Medical centers
APN
112-10-0-40-03-014.26-0
APU
1121004003014260

Description

This exceptional 7,408-square-foot medical office building, constructed in 2014, presents a unique investment opportunity in Junction City, Kansas. The entire building is currently vacant, offering immediate occupancy for a single tenant. Situated on a spacious 1.62-acre lot, the property boasts ample parking with 30+ spaces available. The building's prime location offers excellent visibility and accessibility, with convenient proximity to major healthcare facilities such as Stormont Vail Hospital and Fort Riley. Furthermore, its strategic placement near a Walmart Neighborhood Market and the YMCA enhances its appeal. Easy access to I-70 via US Highway 77 ensures seamless connectivity for patients and staff. The property's annual taxes are $7.52 per square foot. The zoning for this property is currently TBD. This single-tenant medical office building in Geary County, Kansas, at 702 Caroline Ave, Junction City, zip code 66441, represents a compelling opportunity for healthcare providers seeking a modern, well-located facility. The building's size and amenities make it ideal for a variety of medical practices.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,338,307
    6.5%
    $1,235,360
    7%
    $1,147,120
  • Comparable approach

    Method
    Valuation
    Relative Method
    $553,928
    Geo Method
    $553,928
  • Alternative Use

    Use
    Valuation
    Residential
    $1,531,847
    Hospitality
    $1,403,164
    Educational
    $1,167,416
    Medical
    $1,207,565
    Retail
    $1,815,980
702 Caroline Ave, Junction City, Kansas

Location Insight

City
Junction City
County
Geary
State
Kansas
Latitude
39.0166
Longitude
-96.8617
CBSA code
31740
CBSA name
MANHATTAN, KS MICROPOLITAN 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
2022
$55,714
$7,165
$361,283
$368,448
-
$28,660
$1,445,130
$1,473,790

FAQs

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