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    Gardner Rd Gardner, KS 66030

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    Gardner Rd Gardner, KS 66030

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    • Land
    • 24.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Gardner Rd

    Lot size
    24.00 lot acres
    Property type
    Land

    Description

    This exceptional 24-acre commercial land parcel presents a unique investment opportunity in the thriving Gardner, Kansas market. Located at the intersection of W 188th St and E Gardner Rd, this property boasts a C-3 zoning designation, permitting a wide range of commercial and business uses. The expansive lot size offers significant development potential, with all utilities readily available. The strategic location benefits from proximity to significant ongoing development. Adjacent to the property, a 12-acre parcel has been acquired by New Life Community Church for the construction of a new worship center, slated for completion within two years. Further west, a 14-acre tract zoned for Plaza South Retail is planned for development, featuring eight pads designated for restaurants, hotels, and senior living facilities, with construction commencing in Spring 2020. This creates a synergistic environment poised for substantial growth and increased property value. The asking price is $3,660,000, translating to $152,500 per acre. Tax abatements may also be available, adding further value to this compelling investment. This property offers a rare chance to capitalize on the burgeoning commercial sector in Gardner, Kansas, within a rapidly expanding and highly desirable area. The location's proximity to existing and planned developments ensures strong potential for future appreciation and rental income. Don't miss this opportunity to secure a prime piece of Kansas commercial real estate.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Gardner
    County
    Johnson
    State
    Kansas
    Longitude
    -94.9274
    Latitude
    38.7866

    Comparable in this City

    • Value Estimation by Request
      0.87 Acres

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      57.40 Acres

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      50.00 Acres

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      186.00 Acres

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      32.28 Acres

      19920 Gardner Rd

      Land • 32.28 Acres
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    • Value Estimation by Request
      0.60 Acres

      187th Ter & Gardner Rd

      Land • 26,236 SF
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    Similar Nearby for Sale

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      Land For Sale

      Land available for sale.
      S Clare Rd, Gardner, KS 66030
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      Land For Sale Gardner, Kansas

      Land available for purchase in Gardner, Kansas.
      W 188Th St, Gardner, KS 66030
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    • $3,750,000
      78.33 Acres

      Gardner, KS Industrial Land

      78 Acres, $3.75M Warehouse/Ag Opportunity
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      Residential Development Land Opportunity

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      10.50 Acres

      Gardner, KS 10-Acre Land

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    Similar Nearby for Lease

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      Land Lots for Lease

      Multiple commercial land lots available for lease near I-35.
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      60,538 SF

      Olathe Industrial Development Opportunity

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      Prime Commercial Pad Site Available

      Approximately 1-acre pad site available for ground lease or build-to-suit.
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      55,977 SF

      Ready-to-Build Commercial Land Available

      Commercial land for rent, utilities to site, close to I-35.
      Gardner Rd, Gardner, KS 66030
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      Retail Endcap Space For Lease

      Endcap space available in grocery-anchored shopping center in Gardner, Kansas.
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      1,000 SF

      Retail Space in Gardner, Kansas

      Retail space available for lease in Gardner, Kansas.
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    Gardner Rd
    Gardner, KS 66030
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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