Auto Shop with Office and
For Sale
$295,000
839 Commercial St, Clearwater, KS 67026
Purpose-built auto shop includes office with ADA facilities, overhead insulated doors, and a fully rocked car-lot area.
Property Size2,700 SF
Price / SF$109.26
Days on Market207
Property Features for 839 Commercial St
General Information
Standard status
Active
Size
2,700 SF
Taxes and HOA fees
Annual Taxes
$7,151
Listing Agency:
Platinum Realty LLC
(888) 220-0988
Listed By:
Shaun Weaver · License #SP00238790
(316) 200-0248
Source:
Exprealty
Added: Feb 15
Changed: Sep 2
Last Checked: Sep 9 at 10:40AM
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 Platinum Realty LLC
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.
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 = 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
$13,843
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
4.69%
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%
$276,860
$276.9K
Cap Rate 7%
$197,757
$197.8K
Cap Rate 9%
$153,811
$153.8K
Market Conditions
NOI Build-Up for 2,700 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
$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 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%
$276,860
Cap Rate 7%
$197,757
Cap Rate 9%
$153,811
Alternative Uses
Best Use
Retail
$413.7K
$362.0K – $482.6K
NOI $28,956 @ 7.0% cap · market cap 9.82%
Second Best
Industrial
$197.8K
$173.0K – $230.7K
NOI $13,843 @ 7.0% cap · market cap 4.69%
Theoretical Best
Office A
$562.8K
$492.4K – $656.6K
NOI $39,393 @ 7.0% cap · market cap 13.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
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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
