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9780 Lexington Avenue, De Soto, KS 66018
Commercial property with road frontage, visibility, and redevelopment potential.
Property Size1,508 SF
Price / SF$198.94
Days on Market172
Property Features for 9780 Lexington Avenue
General Information
Standard status
Active
Size
1,508 SF
Property subtype
Special Purpose
Building Details
Year Built
1940
Listing Agency:
Crystal Clear Realty
(785) 550-3424
Listed By:
Amanda Barclay · License #00246163
Source:
Crexi
Added: Feb 20
Changed: Jul 6
Last Checked: Aug 10 at 11:47AM
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 Crystal Clear Realty
Investment Insights
Based on property information with market context.
This commercial property offers strong road frontage and excellent visibility, presenting outstanding potential for various uses. Zoned commercial, the site provides flexibility for investors or business owners, with the opportunity to pursue rezoning. The existing structure is suitable for owner-occupied business space, storage, redevelopment, or repositioning. City sewer is available at the edge of the property, creating additional upside for future improvements or expansion. The location offers steady traffic exposure and easy access, presenting a versatile commercial site with infrastructure advantages and long-term growth potential. The property size is 1508 square feet. It is located on Lexington Avenue in De Soto, Kansas.
Key Highlights
- Strong road frontage and excellent visibility
- Zoned commercial, offering flexibility for various uses
- City sewer available at the edge of the property
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
$20,794
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
6.93%
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%
$415,880
$415.9K
Cap Rate 7%
$297,057
$297.1K
Cap Rate 9%
$231,044
$231.0K
Market Conditions
NOI Build-Up for 1,508 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
$34.7K $23.04/SF
− Vacancy
−$7.0K −$4.65/SF
EGI
$27.7K $18.39/SF
− OpEx
−$6.9K −$4.60/SF
NOI
$20.8K $13.79/SF
Area
Johnson County, KS
Vacancy
20.20%
Lease Rate
$23.04 /SF/Yr
Expense Ratio
25.00%
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%
$415,880
Cap Rate 7%
$297,057
Cap Rate 9%
$231,044
Alternative Uses
Best Use
Office B
$297.1K
$259.9K – $346.6K
NOI $20,794 @ 7.0% cap · market cap 6.93%
Second Best
Retail
$208.2K
$182.2K – $243.0K
NOI $14,577 @ 7.0% cap · market cap 4.86%
Theoretical Best
Office A
$365.0K
$319.3K – $425.8K
NOI $25,547 @ 7.0% cap · market cap 8.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
95
Businesses Nearby
Explore this area
Business Placement
Demographics for 66018, KS
6,419
Population
2,497
Households
2.6
Avg Household Size
40
Median Age
39%
College-Educated
90%
High-School Grad
23.2 sq mi
ZIP Area
277
Density / Sq Mi
$104,345
Median Household Income
$58,007
Median Earnings
$1,097
Median Rent
$379,900
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Commercial property with road frontage, visibility, and redevelopment potential.
Where is this commercial land located?
The property is located at 9780 Lexington Avenue De Soto, KS.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Strong road frontage and excellent visibility; Zoned commercial, offering flexibility for various uses; City sewer available at the edge of the property
