Listing Agency: Platinum Realty LLC s***@movewithplatinum.com Show Phone

Listed By: Shaun Weaver · License #SP00238790 Show Phone

Source: Exprealty

Added: Feb 15 Changed: Oct 4 Last Checked: Oct 24 at 11:09PM

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Investment Insights

Based on property information with market context.

This purpose-built automotive property includes a 2,700-square-foot building with an office and ADA facilities, plus an insulated, heated shop layout. The shop area features in-floor radiant heat, and the office is equipped with a mini-split heat and cooling system. The building has three 10' x 10' and one 12' x 12' overhead insulated doors. The yard area on the north lot is fully rocked and is set up for vehicle parking and storage, with in-floor heat piping laid out in a grid that could accommodate reinstalling lifts if desired.

The property sits on two lots totaling just under three acres and is presented for sale.

The combination of overhead insulated doors, in-floor radiant heat, office HVAC, and a rocked outdoor lot supports uses requiring fleet parking, equipment storage, or bulk material handling.

Key Highlights

• Purpose‑built auto shop on two lots, just shy of 3 acres total
• 2,700 SF building with office space and ADA facilities
• Fully rocked car‑lot area in the north lot for vehicle/fleet parking

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$13,843

Cap Rate

4.69%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$276,860 $276.9K

Cap Rate 7%

$197,757 $197.8K

Cap Rate 9%

$153,811 $153.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,700 SF

Gross rent

$21.1K $7.80/SF

− Vacancy

−$1.3K −$0.48/SF

EGI

$19.8K $7.32/SF

− OpEx

−$5.9K −$2.20/SF

NOI

$13.8K $5.13/SF

Area

Sedgwick County, KS

Vacancy

6.10%

Lease Rate

$7.80 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$276,860

Cap Rate 7%

$197,757

Cap Rate 9%

$153,811

Alternative Uses

Best Use

Retail

$413.7K

$362.0K – $482.6K (±1% cap)

NOI $28,956 @ 7.0% cap · market cap 9.82%

Second Best

Industrial

$197.8K

$173.0K – $230.7K (±1% cap)

NOI $13,843 @ 7.0% cap · market cap 4.69%

Theoretical Best

Office A

$562.8K

$492.4K – $656.6K (±1% cap)

NOI $39,393 @ 7.0% cap · market cap 13.35%

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

Property Analytics

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Current Use

Auto shops

Suggested Use

Top Pick Real Estate Agency Building Supply Auto Repair Shop Restaurant Big Box & Wholesale Store Pharmacy

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

1

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 67026, KS

4,980

Population

1,756

Households

2.8

Avg Household Size

40

Median Age

34%

College-Educated

98%

High-School Grad

96.3 sq mi

ZIP Area

52

Density / Sq Mi

$103,851

Median Household Income

$54,984

Median Earnings

$1,057

Median Rent

$231,700

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Frequently Asked Questions

What type of property is this?

Auto shop - Purpose-built auto shop includes office with ADA facilities, overhead insulated doors, and a fully rocked car-lot area.

Where is this auto shop located?

The property is located at 839 Commercial St Clearwater, KS.

What is the asking price?

The asking price for this property is $295,000.

What are key features of this property?

This property features: Purpose‑built auto shop on two lots, just shy of 3 acres total; 2,700 SF building with office space and ADA facilities; Fully rocked car‑lot area in the north lot for vehicle/fleet parking