Income-Generating Office
1408 W Central Ave, El Dorado, KS 67042
For Sale
Contact for pricing
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$266.25
Days on Market149
Property Features for 1408 W Central Ave
General Information
Standard status
Size
Property subtype
Lease Type
Investment Type
Net Operating Income
Additional Details
Cap Rate
Building Details
Year Built
Tenancy
Listing Agency:
Marcus & Millichap - Orlando
Listed By:
Christopher Biuso · License FL SL3424071
(407) 557-3841
Source:
Crexi
Added: Jun 15
Changed: Oct 31
Last Checked: Nov 8 at 7:22AM
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
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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 / Yr
$42,336
Cap Rate
3.98%
Suggested Prices Based on Cap Rates
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
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 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 3.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$863.3K
$755.4K – $1.01M
NOI $60,434 @ 7.0% cap · market cap 5.67%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
370
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - For sale 4,000 sq ft office property with a stated 9.25% cap rate in El Dorado, KS.
Where is this office unit 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 $1,065,000.
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
