Technical
Financial
Distress signals
Property profile

1846 N Andover Rd Andover, KS 67002

FOR SALE
Commercial land
Property ID
US33-0126418
3 ac lot Built 1960
Entity Owned 18-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 130,128 square foot commercial land parcel presents a unique investment opportunity in Andover, Kansas. Located at 1846 N Andover Rd, this property boasts over 400 feet of frontage on Andover Road, ensuring high visibility and accessibility for any commercial venture. The B-3 Retail & Service Business District zoning allows for a wide range of development possibilities, catering to the needs of the surrounding thriving residential neighborhoods. The site is conveniently located near Andover Schools and Butler County Community College, providing a strong potential customer base. Furthermore, its proximity to the I-35 Turnpike offers easy access to regional transportation networks. All utilities are readily available at the site, eliminating costly infrastructure development. Importantly, there are no special assessments associated with this property, making it a financially attractive proposition. This prime location, coupled with its convenient access and lack of additional costs, makes this a truly exceptional opportunity for developers and investors seeking a high-impact commercial development site in a rapidly growing area.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Year built 1960
Lot 3 ac (130,680 SF)
APN 008-303-08-0-00-00-009.00-0
UPID US33-0126418

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1846 N Andover Rd Andover, KS 67002
Andover metro Census 20208 WICHITA, KS METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$225k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$225k

Owner & transaction history

since 2007
1 recorded transaction
2007
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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