Automotive Shop
For Sale
Contact for pricing
6320 Nieman Road, Shawnee, KS 66203
Automotive property on Nieman Road with CH(O) zoning in Shawnee, Kansas.
Property Size2,671 SF
Price / SF$239.61
Days on Market8
Property Features for 6320 Nieman Road
General Information
Standard status
Active
Size
2,671 SF
Property subtype
Retail
Zoning
CH(O)
Lease Type
NNN
Investment Type
Owner/User
Building Details
Tenancy
Single
Listing Agency:
Block & Company Inc
(816) 412-7311
Listed By:
Slayde Jennerwein · License #00253571
Source:
Crexi
Added: Aug 22
Changed: Aug 28
Last Checked: Aug 28 at 10:18AM
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 Block & Company Inc
Investment Insights
Based on property information with market context.
This automotive property contains 2,671 square feet and is located at 6320 Nieman Road in Shawnee, Kansas. The property carries CH(O) zoning, providing a defined commercial land-use designation for evaluation by automotive operators and commercial buyers.
Key Highlights
- 2,671 SF property size
- CH(O) zoning designation
- 6320 Nieman Road address
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
$25,820
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
4.03%
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%
$516,400
$516.4K
Cap Rate 7%
$368,857
$368.9K
Cap Rate 9%
$286,889
$286.9K
Market Conditions
NOI Build-Up for 2,671 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
$38.5K $14.40/SF
− Vacancy
−$1.6K −$0.59/SF
EGI
$36.9K $13.81/SF
− OpEx
−$11.1K −$4.14/SF
NOI
$25.8K $9.67/SF
Area
Johnson County, KS
Vacancy
4.10%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
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%
$516,400
Cap Rate 7%
$368,857
Cap Rate 9%
$286,889
Alternative Uses
Best Use
Retail
$368.9K
$322.8K – $430.3K
NOI $25,820 @ 7.0% cap · market cap 4.03%
Second Best
Industrial
$143.5K
$125.5K – $167.4K
NOI $10,042 @ 7.0% cap · market cap 1.57%
Theoretical Best
Office A
$646.4K
$565.6K – $754.2K
NOI $45,250 @ 7.0% cap · market cap 7.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
773
Businesses Nearby
162k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 52%
Shops & Services 41%
Apparel 7%
QuikTrip
Shops & Services
49,518 visits/mo
0.5 miles
Raising Cane's Chicken Fingers
Dining
42,982 visits/mo
0.4 miles
Popeyes Louisiana Kitchen
Dining
13,900 visits/mo
0.4 miles
Panera Bread
Dining
13,562 visits/mo
0.4 miles
Andy's Frozen Custard
Dining
12,950 visits/mo
0.4 miles
Demographics for 66203, KS
19,439
Population
8,419
Households
2.3
Avg Household Size
39
Median Age
34%
College-Educated
94%
High-School Grad
6.3 sq mi
ZIP Area
3,086
Density / Sq Mi
$76,590
Median Household Income
$45,615
Median Earnings
$1,183
Median Rent
$235,900
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Auto shop - Automotive property on Nieman Road with CH(O) zoning in Shawnee, Kansas.
Where is this auto shop located?
The property is located at 6320 Nieman Road Shawnee, KS.
What is the asking price?
The asking price for this property is $640,000.
What are key features of this property?
This property features: 2,671 SF property size; CH(O) zoning designation; 6320 Nieman Road address
