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    2919 E Us Highway 54 Andover, KS 67002

    View on Map
    Sponsored
    For Sale
    $1,300,000

    COMMERCIAL - Andover, KS

    Lot size:
    12.10 Acres
    Days on Market:
    1
    Last Refresh:
    Mar 5 at 7:06 pm

    Property Features for 2919 E Us Highway 54

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Conditional Use
    APN
    0083082801001003.000
    Lot size
    12.10 Acres

    Utilities

    Utilities
    Electricity Available

    Building Details

    Year built
    2023
    Floors in Building
    1
    Building materials
    Metal Siding
    Roof type
    Metal

    We can help!

    Listing Contact
    Braden McCurdy
    Braden McCurdy

    McCurdy Auction, LLC (316) 683-0612

    Listing agent Braden McCurdy (316) 867-3600

    Listing date Mar 5, 2026

    MLS# 669176

    Copyright © 2026 South Central Kansas MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    RV Storage Facility on Highway

    This 12.1-acre RV storage facility, constructed in 2023, presents an investment opportunity with expansion potential. Located just east of Andover, Kansas, near Wichita, the property has frontage and visibility on US Highway 54. Currently, approximately 4 acres are developed, leaving nearly 75% of the property available for future expansion or redevelopment. The site could accommodate over 400 RV storage spaces at full buildout. The property features five metal storage buildings, each containing 8 covered spaces (12X40 each), totaling 40 covered units suitable for RVs, campers, boats, work trucks, and trailers. The buildings have gravel floors, sidewall heights of over 16 feet, and ceiling clearance suitable for virtually any size RV. Additional uncovered storage spaces include a combination of gravel and concrete parking areas. Situated directly on US Hwy 54, a primary east-west corridor in Kansas, the location is just east of Andover Rd and minutes from east Wichita. This visible location benefits from daily traffic counts exceeding 20,000 vehicles and sits along a major travel route connecting residents and travelers to regional lakes and recreational destinations. The property is fully fenced with two electric security gates and lighting throughout. An owner's utility shed equipped with 200-amp electrical service and solar panels is also included. Tenants have the option to purchase personal property insurance. The gross annual rent for 2025 was $57,891.00.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Self storage facilities

    Suggested Use

    Building Supply Big Box & Wholesale Store Auto Repair Shop Skin Care Clinic Kitchen & Bath Showroom Storage Facility Electrical Service Furniture & Home Goods Car Rental Facility Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Andover
    County
    Butler
    State
    Kansas
    Longitude
    -97.102557
    Latitude
    37.678684

    Nearby Similar for Sale

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    • $1,375,000
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      Free-Standing Building in Andover

      9,549 SF building with flexible use potential in Andover, Kansas.
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    FAQs

    What type of property is this?
    Self storage facility - RV storage facility with expansion potential on 12.1 acres.
    Where is this self storage facility located?
    The property is located at 2919 E Us Highway 54 Andover, KS.
    What is the asking price?
    The asking price for this property is $1,300,000.
    What are key features of this property?
    This property features: - High-visibility location on US Hwy 54 with over 20,000 vehicles daily, near Andover and Wichita.; - Significant expansion potential: only 4 of 12.1 acres developed, allowing for 400+ RV storage spaces at full buildout.; - Constructed in 2023, featuring 40 covered RV storage units (12x40) in five metal buildings.
    (316) 683-0612
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    2919 E Us Highway 54 Andover, KS 67002
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    Andover, KS 67002
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    2919 E Us Highway 54 Andover, KS 67002
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    We can help!
    Listing Contact
    Braden McCurdy
    Braden McCurdy
    Real Estate License ID: BR00052737
    (316) 683-0612 (316) 208-8400 (316) 867-3600
    Learn more
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