Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    8.73 Acres in Johnson County Title is generated by Realmo AI

    37655 West 151st Street, Gardner, KS 66030

    View on Map
    Claim this Listing
    For Sale
    $284,000

    Land for animals, gardens, and country lifestyle in Gardner, KS.

    Type:Land / Unimproved Land
    Property size:
    380,278 SF
    Lot size:
    8.73 Acres
    Price / SF:
    $0.75/SF
    Added:
    May 25, 2024
    Days on Market:
    739
    Last Refresh:
    Mar 13 at 6:04 pm

    Property Features for 37655 West 151st Street

    General Information

    Standard status
    Active
    Size
    380,278 SF
    Lot size
    8.73 Acres
    Property subtype
    Land / Unimproved Land

    We can help!

    Listing Contact
    Robert Zoller

    Listing agent Robert Zoller License #SP00220292

    Listing office KW Diamond Partners

    Listing date May 25, 2024

    Source Compass

    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 KW Diamond Partners

    HighLights

    • Large 8.73 acre lot in Johnson County
    • No HOA restrictions, offering freedom and flexibility
    • Ample space for animals, gardens, and a country lifestyle
    • Located on the SW corner of 151st Street and Edgerton Rd
    • Road frontage on a county road with asphalt surface
    • Public road maintenance

    Overview

    This property features 8.73 acres of land located at the southwest corner of 151st Street and Edgerton Road in Johnson County. The land offers space for animals, gardens, and a country lifestyle. The property is located in the Louis Allen Development.
    Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Suggested Use

    Auto Repair Shop Auto Parts Store Discount Store Furniture & Home Goods Pet Store Pet Store & Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Gardner
    County
    Johnson
    State
    Kansas
    Longitude
    -95.01689
    Latitude
    38.853928

    Nearby Similar for Sale

    • $2,800,000

      Commercial Opportunity in Growing Community

      Former healthcare facility with expansion potential in Gardner, Kansas.
      18320 S Center Street, Gardner, KS 66030
      View Details
    • $650,000

      Development Land Near Logistics Park

      Development opportunity near schools and logistics park in Gardner, Kansas.
      175th Street, Gardner, KS 66030
      View Details
    • $2,582,400

      Prime Corner Acreage in Gardner

      32.28 acres with development potential in fast-growing area.
      19920 S Gardner Road, Gardner, KS 66030
      View Details
    • $1,900,000

      Prime Commercial Land Opportunity

      20-acre commercial parcel in high-growth Gardner, Kansas.
      167th St & Gardner Road, Gardner, KS 66030
      View Details
    • $1,067,040

      29.64 Acres in Gardner, KS

      29.64 acres suitable for residential or multi-family development.
      Four Corners Road, Gardner, KS 66030
      View Details
    • $5,400,000

      COMMERCIAL - Gardner, KS

      17520 New Trails Parkway, Gardner, KS 66030
      View Details
    • $2,800,000
      9,945 SF

      Former Healthcare Facility in Gardner

      High-visibility commercial property with expansion potential in growing Kansas City metro.
      18320 S Center Street, Gardner, KS 66030
      View Details
    • $2,582,400
      1,406,116 SF

      Prime Corner Acreage in Gardner

      32.28 acres at a highly visible corner location.
      19920 South Gardner Road, Gardner, KS 66030
      View Details
    • $4,390,000
      5,967 SF

      Gardner, KS NNN Property

      NNN property in Gardner, KS with absolute net lease.
      694 E Main St, Gardner, KS 66030
      View Details
    • $295,000

      9.5 Acre Lot Near Panasonic

      9.5 acre lot in Gardner, near Panasonic plant.
      15210 Edgerton Road, Gardner, KS 66030
      View Details
    • $267,000

      Gardner, KS 10-Acre Land

      10 acres in Johnson County with no HOA restrictions.
      38129 W 151 Street, Gardner, KS 66030
      View Details
    • $862,488

      Prime Commercial Land Opportunity

      Commercial land available for sale or build-to-suit/ground lease.
      18773 S Gardner Rd, Gardner, KS
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - Land for animals, gardens, and country lifestyle in Gardner, KS.
    Where is this agricultural land / farmland located?
    The property is located at 37655 West 151st Street Gardner, KS.
    What is the asking price?
    The asking price for this property is $284,000.
    What are key features of this property?
    This property features: Large 8.73 acre lot in Johnson County; No HOA restrictions, offering freedom and flexibility; Ample space for animals, gardens, and a country lifestyle
    (913) 285-3608
    We can help!
    Listing Contact
    Robert Zoller
    Real Estate License ID: SP00220292
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    37655 West 151st Street, Gardner, KS 66030
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!