Income-Generating Office
For Sale
Contact for pricing
1408 W Central Ave, El Dorado, KS 67042
For sale 4,000 sq ft office property with a stated 9.25% cap rate in El Dorado, KS.
Property Size4,000 SF
Price / SF$249.25
Days on Market56
Property Features for 1408 W Central Ave
General Information
Standard status
Active
Size
4,000 SF
Property subtype
Office
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$92,265
Additional Details
Cap Rate
9.25%
Building Details
Year Built
2006
Tenancy
Single
Listing Agency:
Marcus & Millichap - Orlando
(407) 557-3841
Listed By:
Christopher Biuso · License #Fl SL3424071
Source:
Crexi
Added: Jun 15
Changed: Aug 8
Last Checked: Aug 8 at 11:07AM
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 Marcus & Millichap - Orlando
Investment Insights
Based on property information with market context.
This for-sale office property totals 4,000 square feet. It is offered as commercial real estate within the Office Units/Office Spaces category, presented with financial performance information in the listing remarks.
Located at 1408 W Central Ave, El Dorado, Kansas 67042, the building is positioned for office users and buyers looking for a straightforward office asset in a local market setting. The listing identifies the property with a 9.25% CAP rate.
At a list price of $997,000, the opportunity is being marketed with an indicated 9.25% cap rate, which can be useful for investors and owner-operators evaluating projected yield. Prospective buyers may want to review the specific lease and operating details that support the stated cap rate, along with how the existing office configuration fits their intended occupancy or ownership goals.
Located at 1408 W Central Ave, El Dorado, Kansas 67042, the building is positioned for office users and buyers looking for a straightforward office asset in a local market setting. The listing identifies the property with a 9.25% CAP rate.
At a list price of $997,000, the opportunity is being marketed with an indicated 9.25% cap rate, which can be useful for investors and owner-operators evaluating projected yield. Prospective buyers may want to review the specific lease and operating details that support the stated cap rate, along with how the existing office configuration fits their intended occupancy or ownership goals.
Key Highlights
- 4,000 sq ft office property for sale in El Dorado, KS
- Stated 9.25% cap rate
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
$42,336
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
4.25%
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%
$846,720
$846.7K
Cap Rate 7%
$604,800
$604.8K
Cap Rate 9%
$470,400
$470.4K
Market Conditions
NOI Build-Up for 4,000 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
$67.2K $16.80/SF
− Vacancy
−$10.8K −$2.69/SF
EGI
$56.4K $14.11/SF
− OpEx
−$14.1K −$3.53/SF
NOI
$42.3K $10.58/SF
Area
Butler County, KS
Vacancy
16.00%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
25.00%
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%
$846,720
Cap Rate 7%
$604,800
Cap Rate 9%
$470,400
Alternative Uses
Best Use
Office B
$604.8K
$529.2K – $705.6K
NOI $42,336 @ 7.0% cap · market cap 4.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$849.2K
$743.0K – $990.7K
NOI $59,443 @ 7.0% cap · market cap 5.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
367
Businesses Nearby
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 Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - For sale 4,000 sq ft office property with a stated 9.25% cap rate in El Dorado, KS.
Where is this office units located?
The property is located at 1408 W Central Ave El Dorado, KS.
What is the asking price?
The asking price for this property is $997,000.
What are key features of this property?
This property features: 4,000 sq ft office property for sale in El Dorado, KS; Stated 9.25% cap rate
