702 Caroline AveJunction City, KS 66441
- Medical offices
- 7,744 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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