Industrial Warehouse with Fenced
New
For Sale
Contact for pricing
350 S Boyer Rd., El Dorado, KS 67042
Tilt-up concrete facility with office, mezzanine, heating systems, and a secured gravel yard.
Property Size5,813 SF
Lot Size5.20 Acres
Price / SF$163.43
Days on Market5
Property Features for 350 S Boyer Rd.
General Information
Standard status
Active
Size
5,813 SF
Lot size
5.20 Acres
Property subtype
Industrial
Zoning
LC
Site & Location
Fenced Yard
Yes
Outdoor Storage
Yes
Utilities to Site
Yes
Building Details
Year Built
1979
Buildings
1
Building Size
5,813 SF
Construction
tilt-up concrete
Listing Agency:
J.P. Weigand & Sons Inc.
(316) 773-2154
Listed By:
Austin Swisher, CCIM · License #KS 00240314
Source:
Crexi
Added: Aug 7
Changed: Aug 11
Last Checked: Aug 11 at 7:43AM
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 J.P. Weigand & Sons Inc.
Investment Insights
Based on property information with market context.
Located at 350 S. Boyer Rd. in El Dorado, Kansas, this industrial warehouse property offers 5,813 SF on 5.2 acres. Built in 1979, the facility uses tilt-up concrete construction with a T-beam structural roof and includes a 1,000 SF finished office and mezzanine. Warehouse improvements include an air compressor system, bulk-oil supplemental heater, and infrared heating system.
The property also features a fenced yard surfaced with compacted gravel, along with city water and sewage service. An on-site mobile home is included. Zoning is LC.
The property also features a fenced yard surfaced with compacted gravel, along with city water and sewage service. An on-site mobile home is included. Zoning is LC.
Key Highlights
- 5,813 SF industrial warehouse on 5.2 acres
- 1,000 SF finished office and mezzanine
- Tilt‑up concrete construction with T‑beam structural roof
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
$61,525
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
6.48%
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%
$1,230,500
$1.2M
Cap Rate 7%
$878,929
$878.9K
Cap Rate 9%
$683,611
$683.6K
Market Conditions
NOI Build-Up for 5,813 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
$97.7K $16.80/SF
− Vacancy
−$15.6K −$2.69/SF
EGI
$82.0K $14.11/SF
− OpEx
−$20.5K −$3.53/SF
NOI
$61.5K $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%
$1,230,500
Cap Rate 7%
$878,929
Cap Rate 9%
$683,611
Alternative Uses
Best Use
Office B
$878.9K
$769.1K – $1.03M
NOI $61,525 @ 7.0% cap · market cap 6.48%
Second Best
Flex RnD
$608.9K
$532.8K – $710.4K
NOI $42,621 @ 7.0% cap · market cap 4.49%
Theoretical Best
Office A
$1.23M
$1.08M – $1.44M
NOI $86,386 @ 7.0% cap · market cap 9.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Fenced yard
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
108
Businesses Nearby
Balanced
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 Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Space Station Storage — 2660 W Central Ave, El Dorado, KS 67042
Frequently Asked Questions
What type of property is this?
Warehouse - Tilt-up concrete facility with office, mezzanine, heating systems, and a secured gravel yard.
Where is this warehouse located?
The property is located at 350 S Boyer Rd. El Dorado, KS.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: 5,813 SF industrial warehouse on 5.2 acres; 1,000 SF finished office and mezzanine; Tilt‑up concrete construction with T‑beam structural roof
