Fenced Industrial Land With
New
For Sale
$750,000
20280 S Gardner Rd, Gardner, KS 66030
Enclosed development tract with paved site infrastructure, multiple block buildings, active utilities, and a Business/Logistics Park future land use designation.
Property Size14,700 SF
Price / SF$51.02
Days on Market4
Property Features for 20280 S Gardner Rd
General Information
Standard status
Active
Size
14,700 SF
Property subtype
Land
Listing Agency:
Keller Williams Realty Partners Inc.
(816) 268-4033
Listed By:
Ask Cathy · License #2000156181
(816) 268-4033
Source:
Askcathy
Added: Aug 26
Changed: Aug 28
Last Checked: Aug 29 at 8:56AM
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 Keller Williams Realty Partners Inc.
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.
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 = 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
$66,897
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
8.92%
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%
$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
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
$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 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%
$1,337,940
Cap Rate 7%
$955,671
Cap Rate 9%
$743,300
Alternative Uses
Best Use
Warehouse
$955.7K
$836.2K – $1.11M
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
NOI $249,037 @ 7.0% cap · market cap 33.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
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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
