Listing Agency: Weichert Realtors - Generations Show Phone

Listed By: Ask Cathy Show Phone

Source: Askcathy

Added: Aug 26 Changed: Oct 15 Last Checked: Oct 14 at 11:02PM

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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 Weichert Realtors - Generations

Investment Insights

Based on property information with market context.

This 16.43-acre industrial land tract includes a 7-foot security fence, an established paved road and parking base, and multiple block buildings with metal roofs. Electrical service is active in three buildings, while purified water is available in one. On-site structures include buildings measuring 55' x 32', 14' x 20', 61' x 34', 41' x 20', 39' x 40' with a 10' x 12' door, and 20' x 39' with a 10' x 10' door. Three underground storage facilities or silos add approximately 14,700 square feet of enclosed capacity, with each measuring 70' x 70' and 25' deep.

Located at 20280 S Gardner Rd in Gardner, Kansas, the property is near I-35 and the Gardner/Edgerton Intermodal corridor. The City's Comprehensive Plan identifies the site with a Business/Logistics Park future land use designation. Rezoning, utility capacity, and development requirements are subject to verification with the City of Gardner.

Key Highlights

• 16.43‑acre industrial development parcel at 20280 S Gardner Rd, Gardner, KS 66030
• 7‑foot security fence encloses the property
• Paved internal road and parking base is in place

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$66,897

Cap Rate

8.92%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,337,940 $1.3M

Cap Rate 7%

$955,671 $955.7K

Cap Rate 9%

$743,300 $743.3K

Market Conditions

NOI Build-Up for 14,700 SF

Gross rent

$84.1K $5.72/SF

− Vacancy

−$5.4K −$0.37/SF

EGI

$78.7K $5.35/SF

− OpEx

−$11.8K −$0.80/SF

NOI

$66.9K $4.55/SF

Area

Johnson County, KS

Vacancy

6.40%

Lease Rate

$5.72 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,337,940

Cap Rate 7%

$955,671

Cap Rate 9%

$743,300

Alternative Uses

Best Use

Warehouse

$955.7K

$836.2K – $1.11M (±1% cap)

NOI $66,897 @ 7.0% cap · market cap 8.92%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$3.56M

$3.11M – $4.15M (±1% cap)

NOI $249,037 @ 7.0% cap · market cap 33.20%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Industrial land

Suggested Use

Top Pick Gym & Fitness Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

12

Businesses Nearby

Explore this area Business Placement

Demographics for 66030, KS

25,164

Population

9,319

Households

2.7

Avg Household Size

33

Median Age

34%

College-Educated

96%

High-School Grad

46.4 sq mi

ZIP Area

542

Density / Sq Mi

$93,891

Median Household Income

$48,661

Median Earnings

$1,306

Median Rent

$281,700

Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

Questions? Ask Rey

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What type of property is this? Where is this industrial land located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Industrial land - Enclosed development tract with paved site infrastructure, multiple block buildings, active utilities, and a Business/Logistics Park future land use designation.

Where is this industrial land located?

The property is located at 20280 S Gardner Rd Gardner, KS.

What is the asking price?

The asking price for this property is $750,000.

What are key features of this property?

This property features: 16.43‑acre industrial development parcel at 20280 S Gardner Rd, Gardner, KS 66030; 7‑foot security fence encloses the property; Paved internal road and parking base is in place