Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    530 S 129th St Bonner Springs, KS

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Two commercial land lots available with high visibility and easy access.

    Type:LAND
    Lot size:
    3.26 Acres
    Added:
    Jun 22, 2023
    Days on Market:
    1038
    Last Refresh:
    Apr 5 at 11:26 pm

    Property Features for 530 S 129th St

    General Information

    Standard status
    Active
    Lot size
    3.26 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    Matt Rau

    Listing agent Matt Rau

    Listing office CBRE | Kansas City

    Listing date Jun 22, 2023

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of CBRE | Kansas City

    Overview

    Land Available Near K-7

    Two pad sites are available at the intersection of Kansas Avenue and K-7. Lot 6 comprises 1.72 acres and features existing infrastructure and high visibility from both access roads. Lot 5B spans 3.26 acres, offering easy access and dual access potential from both 129th Street and Kansas Avenue. The location provides easy access from I-70 and excellent visibility from K-7, which sees 24,100 vehicles per day. The sites are well-positioned near anchor tenants such as Walmart, Price Chopper, and Goodwill. A new industrial development for Old Dominion Freight Line is adjacent to the north, providing cross access to a signalized intersection.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Auto Repair Shop Hair Salon Hotel & Motel Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Bonner Springs
    County
    Wyandotte
    State
    Kansas
    Longitude
    -94.8799
    Latitude
    39.0884

    Nearby Similar for Sale

    • $699,950
      14,936 SF

      Versatile Mixed-Use Commercial Building

      7,500 SF main floor plus 7,500 SF finished basement.
      133 Oak Street, Bonner Springs, KS 66012
      View Details
    • $35,000

      Buildable Lot in Bonner Springs

      Two parcels combined for a buildable lot in Bonner Springs.
      210-214 Springdale Avenue, Bonner Springs, KS 66012
      View Details
    • $150,000

      Residential Land in Bonner Springs

      1.21 acre residential land for sale in Bonner Springs, KS.
      13627 Barber Avenue, Bonner Springs, KS 66012
      View Details
    • $35,000

      Buildable Lot in Bonner Springs

      Two parcels being sold together for a buildable lot.
      210-214 Springdale Avenue, Bonner Springs, KS 66012
      View Details
    • Contact for pricing

      Development Land in Bonner Springs

      Three parcels of land available in Bonner Springs, Kansas.
      13140 Canaan Center Drive, Bonner Springs, KS 66012
      View Details
    • $10
      5,456 SF

      Bonner Springs Warehouse For Sale

      5,456 SF warehouse with three drive-in doors.
      422 W 2nd St, Bonner Springs, KS 66012
      View Details
    • $931,748

      Development Land For Sale

      Prime land available in high-traffic area near I-70.
      300 S 130th St, Bonner Springs, KS
      View Details
    • $591,196

      Land Near I-70 and KS-7

      2.262 acre commercial land suitable for hotel or restaurant.
      13040 Ridge Dr, Bonner Springs, KS
      View Details
    • Contact for pricing

      Land Near Legends and Developments

      Commercial land with highway visibility near major retail and attractions.
      13140 Canaan Center Dr, Bonner Springs, KS
      View Details
    • $65,000
      10,019 SF

      Land Near Village West

      Convenient land parcel near major attractions and amenities.
      13286 Richland Avenue, Bonner Springs, KS 66012
      View Details
    • Contact for pricing

      Development Land For Sale

      Available land for future development with highway access.
      1621 N 139th St, Bonner Springs, KS
      View Details
    • Contact for pricing

      Development Land in Bonner Springs

      Three parcels of land available for development in Bonner Springs.
      13140 Canaan Center Dr, Bonner Springs, KS 66012
      View Details

    FAQs

    What type of property is this?
    Land - Two commercial land lots available with high visibility and easy access.
    Where is this land located?
    The property is located at 530 S 129th St Bonner Springs, KS.
    What are key features of this property?
    This property features: High visibility from K‑7 with 24,100 VPD; Easy access from I‑70; Well positioned near anchor tenants Walmart, Price Chopper and Goodwill
    (816) 968-5831 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Matt Rau
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!