Warehouse Property With Loading
For Sale
Contact for pricing
126 S Griffith St, El Dorado, KS 67042
Downtown industrial property with multiple warehouse areas, office space, overhead door access, and on-site three-phase power.
Property Size20,000 SF
Price / SF$74.75
Days on Market146
Property Features for 126 S Griffith St
General Information
Standard status
Active
Size
20,000 SF
Class
C
Property subtype
Industrial
Zoning
Industrial
Building Details
Units
1
Listing Agency:
Landmark Commercial Real Estate
(316) 323-0218
Listed By:
Marc Knowles · License #KS
Source:
Crexi
Added: Apr 7
Changed: Aug 29
Last Checked: Apr 8 at 8:17PM
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 Landmark Commercial Real Estate
Investment Insights
Based on property information with market context.
This warehouse property in downtown El Dorado includes a 104' x 104' precast concrete building with a 14' overhead door and a sunken loading ramp positioned between two warehouse areas. An attached 5,000-square-foot warehouse and 560-square-foot office add functional support space, while a separate storage warehouse provides over 10,000 square feet of additional capacity. A 5-ton overhead lift is also included, and three-phase power is available on site.
The property is located at 126 S Griffith St, one block from El Dorado’s Central Business District. Its combination of warehouse, storage, office, loading, and power infrastructure supports a range of industrial storage and operating requirements.
The property is located at 126 S Griffith St, one block from El Dorado’s Central Business District. Its combination of warehouse, storage, office, loading, and power infrastructure supports a range of industrial storage and operating requirements.
Key Highlights
- 104' x 104' precast concrete main warehouse
- 14' overhead door access and sunken loading ramp
- Attached 5,000 SF warehouse with 560 SF office
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$135,660
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.07%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,713,200
$2.7M
Cap Rate 7%
$1,938,000
$1.9M
Cap Rate 9%
$1,507,333
$1.5M
Market Conditions
NOI Build-Up for 20,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$168.0K $8.40/SF
− Vacancy
−$8.4K −$0.42/SF
EGI
$159.6K $7.98/SF
− OpEx
−$23.9K −$1.20/SF
NOI
$135.7K $6.78/SF
Area
Butler County, KS
Vacancy
5.00%
Lease Rate
$8.40 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,713,200
Cap Rate 7%
$1,938,000
Cap Rate 9%
$1,507,333
Alternative Uses
Best Use
Warehouse
$1.94M
$1.70M – $2.26M
NOI $135,660 @ 7.0% cap · market cap 9.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.25M
$3.72M – $4.95M
NOI $297,216 @ 7.0% cap · market cap 19.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
516
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 67042, KS
17,458
Population
7,342
Households
2.4
Avg Household Size
38
Median Age
24%
College-Educated
91%
High-School Grad
258.2 sq mi
ZIP Area
68
Density / Sq Mi
$56,633
Median Household Income
$37,251
Median Earnings
$868
Median Rent
$133,400
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Similar Off Market Nearby
- Your Storage LLC — 606 N Vine St, El Dorado, KS 67042
Frequently Asked Questions
What type of property is this?
Warehouse - Downtown industrial property with multiple warehouse areas, office space, overhead door access, and on-site three-phase power.
Where is this warehouse located?
The property is located at 126 S Griffith St El Dorado, KS.
What is the asking price?
The asking price for this property is $1,495,000.
What are key features of this property?
This property features: 104' x 104' precast concrete main warehouse; 14' overhead door access and sunken loading ramp; Attached 5,000 SF warehouse with 560 SF office
