Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    000 Block 3, Unit 3 Garden City, KS 67846

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $906,048

    1.6 acres of prime commercial land in high-traffic location.

    Property size:
    1 SF
    Lot size:
    1.60 Acres

    Property Features for 000 Block 3

    General Information

    Zoning
    C2
    Size
    1 SF
    Lot size
    1.60 Acres

    We can help!

    Listing Contact
    Jeana Anliker
    Jeana Anliker
    Source: Cbcworldwide

    Listing Agent: Jeana Anliker

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

    Learn more

    Overview

    Commercial Land in Legacy Crossing

    This property features 1.6 acres of commercial land situated in Legacy Crossing. The site benefits from a high-traffic location and excellent visibility, making it suitable for retail, office space, dining, or investment ventures. The property is located in an emerging commercial hub, offering strong growth potential and easy access to major roadways. It presents possibilities for businesses looking to thrive in a dynamic market.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Garden City
    County
    Finney
    State
    Kansas
    Longitude
    -100.826
    Latitude
    38.0264

    Nearby Similar for Sale

    • $900,000
      0.83 Acres

      Turnkey Liquor Store on Kansas Avenue

      High-visibility commercial property with existing liquor store setup on Kansas Avenue.
      1505 E Kansas Ave, Garden City, KS 67846
      View Details
    • $785,000
      1.00 Acre

      Barndominium with Commercial Shop Space

      Unique live/work property with shop and living space in Kansas.
      795 Midstates Dr, Garden City, KS 67846
      View Details
    • $1,675,000
      10,816 SF

      Garden City Multifamily Investment Property

      Turnkey 28-unit apartment complex with strong rental demand and stable income.
      1502 East Fulton St, Garden City, KS 67846
      View Details
    • $295,000
      2,590 SF

      Updated Commercial Building on Large Lot

      Versatile, updated commercial building with ample space and expansion potential.
      2790 Anderson Rd, Garden City, KS 67846
      View Details
    • $200,000

      Leased Commercial Property, Garden City

      Turnkey business opportunity with three leased units in Garden City.
      713 E Kansas Plz, Garden City, KS 67846
      View Details
    • $150,000

      Established Coffee House For Sale

      Profitable coffee shop business opportunity with furniture, fixtures, and equipment.
      301 Main St, Garden City, KS 67846
      View Details
    • $269,900
      2,269 SF

      Garden City Office Building For Sale

      Stand-alone building on East Kansas Ave, suitable for office/sales/service.
      605 E Kansas Plz, Garden City, KS 67846
      View Details
    • $289,000
      0.43 Acres

      Restaurant Opportunity in Garden City

      Restaurant building with dining area and kitchen in Garden City.
      1603 W Mary St, Garden City, KS 67846
      View Details
    • $330,000
      Pending

      Garden City Duplexes with Basements

      Four units, each with basement and detached garage.
      905 Howerton Pl, Garden City, KS 67846
      View Details
    • $825,000
      0.59 Acres

      Garden City Investment Opportunity

      Commercial property in downtown Garden City, Kansas, for sale.
      102 N 9Th St, Garden City, KS 67846
      View Details
    • $255,000
      2,354 SF

      Garden City Duplex Opportunity

      Duplex in quiet cul-de-sac, ideal for investors or families.
      1608 George St, Garden City, KS 67846
      View Details
    • $2,650,000
      18,512 SF

      Garden City Multifamily Investment Opportunity

      54-unit apartment complex in Garden City, Kansas.
      1408 Buffalo Jones Ave, Garden City, KS 67846
      View Details

    FAQs

    What type of property is this?
    Commercial land - 1.6 acres of prime commercial land in high-traffic location.
    Where is this commercial land located?
    The property is located at 000 Block 3, Unit 3 Garden City, KS.
    What is the asking price?
    The asking price for this property is $906,048.
    What are key features of this property?
    This property features: - High-traffic location in rapidly growing Legacy Crossing.; - 1.6 acres of prime commercial land.; - Ideal for retail, office, dining, or investment.
    (620) 805-4543
    Request Owner's contact information
    000 Block 3, Unit 3 Garden City, KS 67846
    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.
    000 Block 3, Unit 3
    Garden City, KS 67846
    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
    000 Block 3, Unit 3 Garden City, KS 67846
    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

    We can help!
    Listing Contact
    Jeana Anliker
    Jeana Anliker
    Real Estate License ID: BR00235894
    (620) 805-4543
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.