Building Details

Year Built 2006

Construction ranch

Listing Agency: Weichert Realtors - Generations Show Phone

Listed By: Ask Cathy Show Phone

Source: Askcathy

Added: Oct 9 Changed: Oct 15 Last Checked: Oct 14 at 11:03PM

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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 Weichert Realtors - Generations

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Investment Insights

Based on property information with market context.

This 2006 half duplex in Gardner has a one-level layout with open living areas and bedrooms positioned at opposite ends. Fresh paint and carpet update the interior, while the full basement is prepared for additional finishing, including space for a third bedroom, bathroom, and living area. A deck connects to the living room, and the garage provides storage.

The property is located at 792 S Poplar St in Gardner, Kansas. Its existing layout combines open common areas with distinct bedroom spaces, and the basement offers room for further interior completion.

Key Highlights

• Half‑duplex layout with bedrooms at opposite ends of the living area
• Full basement prepared for a third bedroom, bathroom, and additional living space
• New deck accessed from the living room

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$13,279

Cap Rate

4.58%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$265,580 $265.6K

Cap Rate 7%

$189,700 $189.7K

Cap Rate 9%

$147,544 $147.5K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,321 SF

Gross rent

$25.0K $18.96/SF

− Vacancy

−$902 −$0.68/SF

EGI

$24.1K $18.28/SF

− OpEx

−$10.9K −$8.22/SF

NOI

$13.3K $10.05/SF

Area

Johnson County, KS

Vacancy

3.60%

Lease Rate

$18.96 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$265,580

Cap Rate 7%

$189,700

Cap Rate 9%

$147,544

Alternative Uses

Best Use

Apartment 5plus

$189.7K

$166.0K – $221.3K (±1% cap)

NOI $13,279 @ 7.0% cap · market cap 4.58%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$319.7K

$279.7K – $373.0K (±1% cap)

NOI $22,379 @ 7.0% cap · market cap 7.72%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Open Analytics

Current Use

Residential income properties

Suggested Use

Top Pick Real Estate Agency Law Firm Hair Salon Dental Office Spa & Massage Center HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

91

Businesses Nearby

Explore this area Business Placement

Demographics for 66030, KS

25,164

Population

9,319

Households

2.7

Avg Household Size

33

Median Age

34%

College-Educated

96%

High-School Grad

46.4 sq mi

ZIP Area

542

Density / Sq Mi

$93,891

Median Household Income

$48,661

Median Earnings

$1,306

Median Rent

$281,700

Median Home Value

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Frequently Asked Questions

What type of property is this?

Residential income property - A single-level half duplex pairs separated bedroom areas with open shared living space.

Where is this residential income property located?

The property is located at 792 S Poplar St Gardner, KS.

What is the asking price?

The asking price for this property is $289,950.

What are key features of this property?

This property features: Half‑duplex layout with bedrooms at opposite ends of the living area; Full basement prepared for a third bedroom, bathroom, and additional living space; New deck accessed from the living room