What is the typical cap rate for retail in New York City Area?

About 6.2% as of Q1 2026, per www matthews com.

Is the New York City Area retail market tightening or softening?

Vacancy is around 4.2% (Q1 2026).

Retail

Seth Child Commons

seth child commons, manhattan, KS 66503

Price

Price on request

Market rate estimate — not broker-provided

Cost-of-Business Details

Medium Confidence

Low

$34.28/SF

Mid

$42.85/SF

High

$51.42/SF

Tier Used

tax_cap_reverse

Estimated from market cap rate (6.2%), property tax rate (0.05%), and wage-adjusted baseline.

Tier Resolution Trace

Tier 1insufficient_data

Tier 2successselected

Cost Breakdown

Component	Value	Detail	Source
Base Rent	$42.85/SF	—	tax_cap_reverse
Utilities	—	2.4¢/kWh	OpenEI URDB
Property Tax	—	0.1% eff. rate	API Ninjas
Labor Index	—	$2903/wk	BLS QCEW

Source Provenance (3)

Source	Type	Count	Year	Freshness	Peer
Market Reports	cap_rate	—	—	quarterly	—
API Ninjas	property_tax	—	—	annual	—
BLS QCEW	wage_index	—	—	quarterly	—

Data sources used

market_reportsproperty_taxwage_index

Description

Prime Retail Opportunity near K-State & Fort Riley − 188,570 SF Target-anchored community center. − Spaces available: 1,660 SF to 3,787 SF (in-line/endcap) + 3,400 SF freestanding drive-thru building. − National co-tenancy: Panera, Arby’s, T-Mobile, Verizon, etc. − Prime location on the west side of Manhattan, KS. − Feeds into major demand drivers: K-State (22,000 students) and Fort Riley (15,000 personnel)

Property description as provided by the listing source. PropZone adds independent market context, valuation estimates, and comparable listings.

Location

seth child commons, manhattan, KS 66503

Leaflet © OpenStreetMap contributors

Market Context

As of Q1 2026, the New York City Area retail market showed a 4.2% vacancy rate, average asking rents near $54.00/SF/yr, and cap rates around 6.2%. Source: www matthews com Q1 2026 market report.

Projected current pricing

low confidence

Projected asking rent

$54.00/SF/yr

Estimated sale value

$542–$684/SF

Modeled estimate (income approach) shown as a range — not an appraisal. Projected asking rent × occupancy × net-operating-income margin band ÷ market cap rate, from Q1 2026 www matthews com data (cap rate 6.2%, asking rent held flat).

View the full New York City Area Retail market report →

Tight vacancy keeps competition for quality space elevated.

Compare it against other retail listings for sale in Manhattan, KS to benchmark pricing and space — view the full market.

Retail market FAQ

What is the typical cap rate for retail in New York City Area?: About 6.2% as of Q1 2026, per www matthews com.
Is the New York City Area retail market tightening or softening?: Vacancy is around 4.2% (Q1 2026).