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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    19874 Kellogg Dr Goddard, KS 67052-9206

    • Warehouses
    • 3,600 SF
    • 0.34 lot acres
    OFF-MARKET
    Value Estimations
    $350,000
    Show details
    Cap Rate Potential
    9.8%
    Warehouses
    Location Intelligence
    Property ID
    US33-1649085
    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.

    Current Use by Public Records

    • Goddard Storage / Boat Storage Facility / Rv Storage Facility
    • U-Haul Neighborhood Dealer / Van Rental Agency / Trailer Rental Service

    Property Details for 19874 Kellogg Dr

    Year built
    1994
    Lot size
    0.34 lot acres
    Property size
    3,600 SF
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    087-149-29-0-34-01-004.00-A
    APU
    087149290340100400A

    Description

    This exceptional investment opportunity presents a well-established self-storage facility in Goddard, Kansas. The property, situated on approximately 2.2 acres, comprises eight self-storage buildings and a four-bay car wash. The facility boasts a total of 211 units, including 176 climate-controlled enclosed units and 35 uncovered parking spaces. Constructed in 1994, the buildings feature durable steel construction and concrete floors, ensuring longevity and low maintenance. The property offers 25,200 square feet of enclosed rentable storage space. Security features include a fenced perimeter with remote lease-up/lockout capabilities, tenant entry control, and a cloud-based surveillance system. Convenient city water and sewer services are in place. The property is zoned General Business District (C2), allowing for flexibility and potential future expansion. Financial projections indicate a compelling 7% capitalization rate, making this a highly attractive investment prospect. The property's strong occupancy rates and established tenant base contribute to its consistent profitability. This turnkey operation offers immediate cash flow and significant upside potential for a savvy investor seeking a stable and growing asset in a desirable location. Further details are available upon request.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $315,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $515,000
      6.5%
      $475,000
      7%
      $440,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $293,000
      Market price range: $172k - $413k

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $280,000
      Current use
      OFFICE BUILDING
      $315,000
      Change: +13% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $295,000
      Change: +5% Conversion: Easy
      RETAIL STORES
      $290,000
      Change: +4% Conversion: Moderate
      MEDICAL BUILDING
      $250,000
      Change: -10% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Goddard
    County
    Sedgwick
    State
    Kansas
    Longitude
    -97.5657
    Latitude
    37.6652
    CBSA code
    48620
    CBSA name
    WICHITA, KS METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $4,019
    $10,325
    $20,408
    $30,733
    -
    $41,300
    $81,630
    $122,930

    Comparable in this City

    • Value Estimation
      $340,000
      3,900 SF

      Goddard, KS 67052

      MINI-WAREHOUSE, STORAGE • 3,900 SF
      Goddard, KS 67052
      View Details
    • Value Estimation
      $250,000
      7,200 SF

      209 6th St Cir

      MINI-WAREHOUSE, STORAGE • 7,200 SF
      209 6th St Cir, Goddard, KS 67052-8820
      View Details
    • Value Estimation
      $350,000
      6,000 SF

      1 Hopper Dr

      MINI-WAREHOUSE, STORAGE • 6,000 SF
      1 Hopper Dr, Goddard, KS 67052-8842
      View Details
    • Value Estimation
      $210,000
      0.08 Acres

      Goddard, KS 67052

      MINI-WAREHOUSE, STORAGE • 0.08 Acres
      Goddard, KS 67052
      View Details
    • Value Estimation
      $255,000
      4,400 SF

      729 Oak St

      MINI-WAREHOUSE, STORAGE • 4,400 SF
      729 Oak St, Goddard, KS 67052
      View Details
    • Value Estimation
      $325,000
      3,150 SF

      213 6th St Cir

      MINI-WAREHOUSE, STORAGE • 3,150 SF
      213 6th St Cir, Goddard, KS 67052-8820
      View Details

    Similar Nearby for Sale

    • $1,300,000
      1.52 Acres

      Kellogg Drive Commercial Land

      1.52 Acres, C-2 Zoning, High Visibility
      0 Kellogg Dr, Goddard, KS 67052
      View Details
    • $825,967
      9 SF

      9.48 Acres in Goddard, KS

      9.48 acres of commercial land with future access points.
      Goddard, KS 67052
      View Details
    • $89,900
      2.02 Acres

      Goddard Land in Westwind Estates

      2+ acre lot in Renwick school district, open builder.
      19865 W Hickory St, Goddard, KS 67052
      View Details
    • $364,000
      2,538 SF

      Twin Home with Modern Features

      Spacious twin home with modern amenities and investment potential.
      17003 W Kashmir St, Goddard, KS 67052
      View Details
    • $370,000
      2,538 SF

      New Duplex in Goddard, Kansas

      New duplex in Goddard-Eisenhower School District, built in 2025.
      16824 W Kashmir St, Goddard, KS 67052
      View Details
    • $990,000

      Highway 54 Commercial Land Parcel

      2.52 acre commercial land parcel in Goddard, Kansas.
      20611 W Kellogg Dr, Goddard, KS 67052
      View Details
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    Goddard, KS 67052-9206
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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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