Free-Standing Building in
Andover, KS 67002, Andover, KS 67002
9,549 SF building suitable for office, medical, or retail.
Type:Office
Property size:
9,549 SFPrice / SF:
$120/SF- Added:
- Nov 25, 2025
- Days on Market:
- 177
- Last Refresh:
- Apr 5 at 11:21 pm
Property Features
General Information
- Standard status
- Active
- Size
- 9,549 SF
- Property subtype
- Office
Building Details
- Year Built
- 2017
Listing agent Trevor Stacy, CCIM License #00244816 (316) 613-2449
Listing office NAI Martens (316) 613-2449
Listing date Nov 25, 2025
Source Naimartens
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 NAI Martens
HighLights
- High‑traffic location on Andover's main commercial corridor with exceptional visibility and accessibility.
- Flexible 9,549 sq ft building suitable for office, medical, or retail use with customizable layout divisible into 4 suites.
- Move‑in‑ready space with high‑quality construction, well‑maintained interiors, and a modern showroom.
- Ample on‑site parking and convenient access to U.S. Highway 54/400 (Kellogg Ave) and Wichita.
- Located in a desirable suburban market with strong local demographics and proximity to established businesses (Dillons, Walgreens, Starbucks, Braum’s).
- Includes a fully functional kitchen and four restrooms.
Overview
This 9,549 square-foot free-standing building offers flexible use potential for office, medical, or retail operations. The property features a functional layout, professional exterior design, and ample on-site parking. The building’s open floor plan allows for a variety of configurations, while existing infrastructure supports both customer-facing and administrative functions. High-quality construction and well-maintained interiors make this a move-in-ready space for a range of business types. The property is easily divisible into 4 separate suites, with HVAC zoning in place. It is currently designed as an inviting, open-concept display space. A fully functional kitchen is ready to support events, hospitality concepts, or staff amenities. Four restrooms are already in place. Situated along Andover’s main commercial corridor, the property offers visibility and accessibility. It benefits from a high-traffic location with proximity to established retailers, restaurants, schools, and residential neighborhoods. Located minutes from U.S. Highway 54/400 (Kellogg Ave) and 13 miles east of downtown Wichita, this site provides convenient regional access. The surrounding area includes national and local businesses such as Dillons, Walgreens, Starbucks, Braum’s, and Andover Central Schools, supporting consistent daytime activity and consumer traffic.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$1.12M
NOI $101,067 @ 9.00% cap · cautious / downside scenario
Moderate
$1.44M
NOI $101,067 @ 7.00% cap · market / base-case scenario
Aggressive
$2.02M
NOI $101,067 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- 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.
Calculated for Office B
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $160.4k | $16.80 |
| − Vacancy | −$25.7k | −$2.69 |
| EGI | $134.8k | $14.11 |
| − OpEx | −$33.7k | −$3.53 |
| NOI | $101.1k | $10.58 |
9,549 SF · lease $16.80/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Use Scenarios
Best Use
Office B
$1.44M
$1.26M – $1.68M
NOI $101,067 @ 7.0% cap · market cap 8.79%
Second Best
Retail
$1.18M
$1.03M – $1.37M
NOI $82,498 @ 7.0% cap · market cap 7.17%
Theoretical Best
Office A
$2.03M
$1.77M – $2.37M
NOI $141,906 @ 7.0% cap · market cap 12.34%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Office buildings
Map
- City
- Andover
- County
- Butler
- State
- Kansas
- Longitude
- -97.134
- Latitude
- 37.699
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FAQs
What type of property is this?
Office building - 9,549 SF building suitable for office, medical, or retail.
Where is this office building located?
The property is located at Andover, KS.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: High‑traffic location on Andover's main commercial corridor with exceptional visibility and accessibility.; Flexible 9,549 sq ft building suitable for office, medical, or retail use with customizable layout divisible into 4 suites.; **Move‑in‑ready space with high‑quality construction, well‑maintained interiors, and a modern showroom.**
