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    17975 Dillie Rd Edgerton, KS 66021
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    Property profile & analytics

    17975 Dillie Rd Edgerton, KS 66021

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    • Commercial real estate
    • 134.75 lot acres
    For Sale
    $3,031,650
    View Listing →
    134.75 Acres Investment Property For Sale
    $3,031,650
    134.75 Acres

    134.75 Acres Investment Property

    134.75 acres of land suitable for crop and oil production.

    17975 Dillie Road, Edgerton, KS 66021
    View Listing
    Property ID
    US33-0992127
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 17975 Dillie Rd

    Lot size
    134.75 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional commercial property at 601 NW Jefferson Street in Blue Springs offers 656 square feet of beautifully updated, move-in ready office space. Ideal for a single tenant, this space is perfect for a variety of professional uses, including but not limited to legal, therapeutic, or accounting practices. The property boasts excellent visibility and exposure due to its prime I-70 frontage location, ensuring high traffic counts and increased brand awareness. The building itself is a two-story structure situated on a substantial 52,837 square foot lot, offering ample space and potential for future expansion. The property is zoned "Com," indicating its suitability for commercial use. The building consists of a single suite, making it an attractive option for businesses seeking a self-contained and private workspace. Two separate spaces are currently available within this single suite. This is a fantastic opportunity for businesses looking to establish a new location or expand their existing operations in a highly visible and accessible area. The property's Assessed Parcel Number (APN) is 36-500-03-35-00-0-00-000. This turnkey solution provides immediate occupancy and the potential for significant business growth.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Edgerton
    County
    Johnson, KS
    State
    Kansas
    Longitude
    -94.987069
    Latitude
    38.8006429

    Comparable in this City

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    • $3,031,650
      134.75 Acres

      134.75 Acres Investment Property

      134.75 acres of land suitable for crop and oil production.
      17975 Dillie Rd, Edgerton, KS 66021
      View Details
    • $225,000
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    Similar Nearby for Sale

    • $843,000
      51.35 Acres

      51 Acres of Diverse Land

      51 acres with pond, timber, and crop ground near I-35.
      0001 W 215Th St, Edgerton, KS 66021
      View Details
    • $3,031,650
      134.75 Acres

      134.75 Acres Investment Property

      134.75 acres of land suitable for crop and oil production.
      17975 Dillie Rd, Edgerton, KS 66021
      View Details
    • $225,000
      10.10 Acres

      Secluded Hunting and Recreation Land

      10 acres of private land with hunting and recreational potential.
      W 207Th St, Edgerton, KS 66021
      View Details
    • $3,000,000
      Pending

      80 Acres in Edgerton, Kansas

      80 acres of land with development potential in Edgerton, KS.
      W 183Rd St, Edgerton, KS 66021
      View Details
    • $45,000
      0.07 Acres

      Land in Edgerton, Kansas

      Land for sale in Edgerton, Kansas.
      E 5Th St, Edgerton, KS 66021
      View Details
    • $50,000
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      Edgerton, KS Buildable Corner Lot

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    View Listing
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    Edgerton, KS 66021
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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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