Free-Standing Building in
736 N Andover Rd, Andover, KS 67002
9,549 SF building with flexible use potential in Andover, Kansas.
Type:Office
Property size:
9,549 SFPrice / SF:
$130/SF- Added:
- Nov 21, 2025
- Days on Market:
- 182
- Last Refresh:
- Dec 3 at 5:06 am
Property Features for 736 N Andover Rd
General Information
- Standard status
- Active
- Size
- 9,549 SF
- Property subtype
- Office
Building Details
- Year Built
- 2017
Listing agent Michael Kennedy License #409867
Listing office Coldwell Banker / Kennon, Parker, Duncan & Davis (706) 332-5940
Listing date Nov 21, 2025
Source Naiglobal
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 Coldwell Banker / Kennon, Parker, Duncan & Davis
HighLights
- High‑traffic location on Andover's main commercial corridor with exceptional visibility and accessibility.
- Flexible 9,549 square‑foot building is suitable for office, medical, or retail use. Customizable layout divisible into 4 suites.
- Proximity to U.S. Highway 54/400 (Kellogg Ave) provides convenient regional access.
- Move‑in‑ready space with high‑quality construction and well‑maintained interiors.
- Modern showroom designed as an inviting, open‑concept display space.
- Built in 2017, the property includes a fully functional kitchen and four restrooms.
Overview
This 9,549 square-foot free-standing building offers flexible use potential for office, medical, or retail operations. The property features a functional layout, professional exterior design, and ample on-site parking. The building’s open floor plan allows for a variety of configurations, while existing infrastructure supports both customer-facing and administrative functions. High-quality construction and well-maintained interiors make this a move-in-ready space for a range of business types. The property is easily divisible into 4 separate suites, with HVAC zoning in place. It is currently designed as an inviting, open-concept display space. A fully functional kitchen is ready to support events, hospitality concepts, or staff amenities. Four restrooms are already in place. Situated along Andover’s main commercial corridor, the property offers visibility and accessibility. The property benefits from a high-traffic location with proximity to established retailers, restaurants, schools, and residential neighborhoods. Located just minutes from U.S. Highway 54/400 (Kellogg Ave) and 13 miles east of downtown Wichita, this site provides convenient regional access while maintaining the small-town appeal and growing customer base Andover is known for. The surrounding area includes national and local businesses such as Dillons, Walgreens, Starbucks, Braum’s, and Andover Central Schools, supporting consistent daytime activity and consumer traffic.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$1.12M
NOI $101,067 @ 9.00% cap · cautious / downside scenario
Moderate
$1.44M
NOI $101,067 @ 7.00% cap · market / base-case scenario
Aggressive
$2.02M
NOI $101,067 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- 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.
Calculated for Office B
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $160.4k | $16.80 |
| − Vacancy | −$25.7k | −$2.69 |
| EGI | $134.8k | $14.11 |
| − OpEx | −$33.7k | −$3.53 |
| NOI | $101.1k | $10.58 |
9,549 SF · lease $16.80/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Use Scenarios
Best Use
Office B
$1.44M
$1.26M – $1.68M
NOI $101,067 @ 7.0% cap · market cap 8.09%
Second Best
Retail
$1.18M
$1.03M – $1.37M
NOI $82,498 @ 7.0% cap · market cap 6.60%
Theoretical Best
Office A
$2.03M
$1.77M – $2.37M
NOI $141,906 @ 7.0% cap · market cap 11.35%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Design Source Interiors
Interior Design
Location Insight
- Map
- Local Demand
- City
- Andover
- County
- Butler
- State
- Kansas
- Longitude
- -97.133985
- Latitude
- 37.6989543
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - 9,549 SF building with flexible use potential in Andover, Kansas.
Where is this office building located?
The property is located at 736 N Andover Rd Andover, KS.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: High‑traffic location on Andover's main commercial corridor with exceptional visibility and accessibility.; Flexible 9,549 square‑foot building is suitable for office, medical, or retail use. Customizable layout divisible into 4 suites.; Proximity to U.S. Highway 54/400 (Kellogg Ave) provides convenient regional access.
