Building Details

Stories 1

Listing Agency: Kansas City Regional Homes Inc

Listed By: Joseph Casad · License #KS

Source: Crexi

Added: Mar 23, 2022 Changed: Sep 14 Last Checked: Oct 4 at 10:12AM

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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 Kansas City Regional Homes Inc

Investment Insights

Based on property information with market context.

This commercial property offers a location with I-35 visibility. The 16-acre site includes three commercial buildings totaling 20,040 square feet, along with a 1,450-square-foot residence. The property also features two billboards that generate income, presenting significant upside potential.

Key Highlights

• I‑35 Visibility: Prime location offering high visibility for any business
• Income‑Producing Billboards: Property includes two billboards generating income
• Significant Upside Potential: Presents a strong opportunity for increased value and revenue

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$75,346

Cap Rate

6.28%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,506,920 $1.5M

Cap Rate 7%

$1,076,371 $1.1M

Cap Rate 9%

$837,178 $837.2K

Market Conditions

NOI Build-Up for 20,040 SF

Gross rent

$114.6K $5.72/SF

− Vacancy

−$7.0K −$0.35/SF

EGI

$107.6K $5.37/SF

− OpEx

−$32.3K −$1.61/SF

NOI

$75.3K $3.76/SF

Area

Johnson County, KS

Vacancy

6.10%

Lease Rate

$5.72 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,506,920

Cap Rate 7%

$1,076,371

Cap Rate 9%

$837,178

Alternative Uses

Best Use

Industrial

$1.08M

$941.8K – $1.26M (±1% cap)

NOI $75,346 @ 7.0% cap · market cap 6.28%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$4.85M

$4.24M – $5.66M (±1% cap)

NOI $339,504 @ 7.0% cap · market cap 28.29%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Industrial properties

Suggested Use

Top Pick Gym & Fitness Center

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

4

Businesses Nearby

Explore this area Business Placement

Demographics for 66021, KS

2,730

Population

898

Households

3

Avg Household Size

37

Median Age

19%

College-Educated

95%

High-School Grad

51.2 sq mi

ZIP Area

53

Density / Sq Mi

$84,375

Median Household Income

$46,591

Median Earnings

$1,213

Median Rent

$232,000

Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

Questions? Ask Rey

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What type of property is this? Where is this industrial properties located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Industrial property - 16-acre commercial property with I-35 visibility and income potential.

Where is this industrial property located?

The property is located at 36450 Frontage Road Edgerton, KS.

What is the asking price?

The asking price for this property is $1,200,000.

What are key features of this property?

This property features: I‑35 Visibility: Prime location offering high visibility for any business; Income‑Producing Billboards: Property includes two billboards generating income; Significant Upside Potential: Presents a strong opportunity for increased value and revenue