Industrial Warehouse
For Sale
$1,200,000
Pending
36450 Frontage Rd, Edgerton, KS 66021
Three-warehouse industrial tract with an indoor training tenant and multiple income sources.
Property Size20,000 SF
Lot Size16.00 Acres
Days on Market254
Property Features for 36450 Frontage Rd
General Information
Standard status
Pending
Size
20,000 SF
Lot size
16.00 Acres
Site & Location
Highway Access
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$42,413
Listing Agency:
Realty Executives
(913) 642-4888
Listed By:
Dale Hermreck · License #BR00217729
(785) 229-6740
Source:
Exprealty
Added: Jan 1
Changed: Aug 31
Last Checked: Sep 11 at 11:28AM
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 Realty Executives
Investment Insights
Based on property information with market context.
The property is a 16-acre industrial tract comprising three warehouses with a combined total of 20,000 sq. ft. One warehouse is currently leased as an indoor baseball training facility. In addition to warehouse space, the tract includes billboard signs and a residential rental. Lease details for each component are available through the listing agent.
Located at 36450 Frontage Rd in Edgerton, KS, the tract is described as having I-35 exposure and easy access from the Edgerton exit exchange. The property is also noted as being just west of the BNSF Railway, Intermodal.
This configuration can fit industrial users, investors, or owners looking to manage multiple income streams on one site, with three warehouse buildings and a currently occupied indoor training use. The presence of billboards and a residential rental may appeal to buyers seeking operational flexibility, subject to the terms of existing leases. Please contact the listing agent for available lease terms and other details.
Located at 36450 Frontage Rd in Edgerton, KS, the tract is described as having I-35 exposure and easy access from the Edgerton exit exchange. The property is also noted as being just west of the BNSF Railway, Intermodal.
This configuration can fit industrial users, investors, or owners looking to manage multiple income streams on one site, with three warehouse buildings and a currently occupied indoor training use. The presence of billboards and a residential rental may appeal to buyers seeking operational flexibility, subject to the terms of existing leases. Please contact the listing agent for available lease terms and other details.
Key Highlights
- 16‑acre tract with three warehouses totaling 20,000 SF
- Total rental income of $84,000 annually
- One warehouse is leased as an indoor baseball training facility
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
$91,017
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
7.58%
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%
$1,820,340
$1.8M
Cap Rate 7%
$1,300,243
$1.3M
Cap Rate 9%
$1,011,300
$1.0M
Market Conditions
NOI Build-Up for 20,000 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
$114.4K $5.72/SF
− Vacancy
−$7.3K −$0.37/SF
EGI
$107.1K $5.35/SF
− OpEx
−$16.1K −$0.80/SF
NOI
$91.0K $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%
$1,820,340
Cap Rate 7%
$1,300,243
Cap Rate 9%
$1,011,300
Alternative Uses
Best Use
Warehouse
$1.30M
$1.14M – $1.52M
NOI $91,017 @ 7.0% cap · market cap 7.58%
Second Best
Industrial
$1.07M
$939.9K – $1.25M
NOI $75,195 @ 7.0% cap · market cap 6.27%
Theoretical Best
Office A
$4.84M
$4.24M – $5.65M
NOI $338,826 @ 7.0% cap · market cap 28.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
4
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 66021, KS
2,730
Population
898
Households
3
Avg Household Size
37
Median Age
19%
College-Educated
95%
High-School Grad
51.2 sq mi
ZIP Area
53
Density / Sq Mi
$84,375
Median Household Income
$46,591
Median Earnings
$1,213
Median Rent
$232,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Warehouse - Three-warehouse industrial tract with an indoor training tenant and multiple income sources.
Where is this warehouse located?
The property is located at 36450 Frontage Rd Edgerton, KS.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 16‑acre tract with three warehouses totaling 20,000 SF; Total rental income of $84,000 annually; One warehouse is leased as an indoor baseball training facility
