984 Grand AveHaysville, KS 67060

Property Details for 984 Grand Ave

Year built

1985

Lot size

0.58 AC

Property size (Sq ft)

6,340 SF

Property type

Day care centers & nurseries

APN

087-219-32-0-43-02-018.00

APU

87219320430201800

Description

This exceptional investment opportunity presents a well-established daycare center located in Sedgwick County. The property consists of two connected buildings totaling approximately 6,340 square feet, offering ample space for childcare operations. One building is a 2,960 square foot brick structure, while the other is a 3,380 square foot metal building. The property sits on a sizable 25,265 square foot lot, zoned D, providing significant outdoor space. A detached two-car garage/storage building offers additional utility. The property features fenced-in areas for enhanced safety and security, along with existing signage for easy visibility. The interior boasts spacious rooms and offices, ideal for a variety of childcare needs. The property was recently operated as a daycare, demonstrating its suitability for continued use in this capacity. The lease rate is $12.00 per square foot, NNN. This turnkey operation presents a rare opportunity for investors seeking a stable and established business in a high-demand market. The property's size, layout, and existing infrastructure make it an attractive option for both established daycare operators and new entrants to the market. The ample outdoor space and secure fencing provide a safe and stimulating environment for children. The zoning designation allows for continued operation as a daycare or similar use. This is a prime opportunity to acquire a profitable and well-maintained daycare center in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,067,731

  6.5%

  $985,598

  7%

  $915,198

• Comparable approach

  Method

  Valuation

  Relative Method

  $877,253

  Geo Method

  $877,253

• Alternative Use

  Use

  Valuation

  Residential

  $1,250,273

  Hospitality

  $1,145,243

  Educational

  $952,829

  Medical

  $985,598

  Retail

  $1,482,178

Location Insight

City

Haysville

County

Sedgwick

State

Kansas

Latitude

37.5649

Longitude

-97.34

CBSA code

48620

CBSA name

WICHITA, KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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