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

    20480 S Gardner Rd Gardner, KS 66030

    • Distribution centers
    • 78.33 lot acres
    For Sale
    View listing
    $3,200,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US33-0807781
    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

    • Distribution centers

    Property Details for 20480 S Gardner Rd

    Lot size
    78.33 lot acres
    Property type
    Distribution centers

    Description

    This exceptional 78.33-acre property in Gardner, Kansas, presents a significant industrial or warehouse development opportunity. Strategically located at 20480 S Gardner Road, 66030, this Johnson County land boasts convenient access to I-35 and the burgeoning Gardner/Edgerton growth corridor. Its proximity to existing warehouse projects and the intermodal area further enhances its appeal for logistics and distribution businesses. Currently utilized for agricultural purposes, the land includes a home slated for demolition ("as-is" condition). Existing agricultural leases are on a year-to-year basis. The property's substantial size and prime location make it an ideal candidate for large-scale industrial development, offering significant potential for investors and developers seeking a foothold in this rapidly expanding region of Kansas. The asking price for this remarkable opportunity is $3,750,000. The property is classified as both warehouse and agricultural land, offering flexibility for various development plans.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Gardner
    County
    Johnson, KS
    State
    Kansas
    Longitude
    -94.9276404
    Latitude
    38.7570151

    Comparable in this City

    • Contact for pricing
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      Gardner, KS Industrial Warehouse

      78-Acre Warehouse Development Opportunity
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    • $287,000
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      8.73 Acres Johnson County Land

      Spacious Kansas acreage, residential & agricultural potential.
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    • $1,120,000
      52.30 Acres

      Kansas Homestead: 52 Acres

      Historic home, barns, & outbuildings on 52 acres.
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      80.98 Acres

      Gardner Land: 80 Acres Development Potential

      Prime Kansas land, ideal for residential development.
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    • $600,000
      50.50 Acres

      Prime Gardner Ag Land - 50.5 Acres

      Kansas farmland with strong income potential.
      0 183Rd St, Gardner, KS 66030
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      34.79 Acres

      Prime Gardner, KS Industrial Land

      Exceptional Johnson County location, ideal for distribution.
      US-56 And Waverly Rd, Gardner, KS 66030
      View Details
    • $3,750,000
      78.33 Acres

      Gardner, KS Industrial Warehouse

      78-Acre Warehouse Development Opportunity
      20480 Gardners Rd, Gardner, KS 66030
      View Details
    • Contact for pricing
      80.98 Acres

      Gardner Land: 80 Acres Development Potential

      Prime Kansas land, ideal for residential development.
      191st St & Cedar Niles Rd, Gardner, KS 66030
      View Details
    • $660,000
      4.41 Acres

      Gardner, KS Commercial Land

      4.41 Acres, C-O Zoning, High Visibility
      31904 175Th St, Gardner, KS 66030
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    • $600,000
      50.50 Acres

      Prime Gardner Ag Land - 50.5 Acres

      Kansas farmland with strong income potential.
      0 183Rd St, Gardner, KS 66030
      View Details
    • $1,120,000
      52.30 Acres

      Kansas Homestead: 52 Acres

      Historic home, barns, & outbuildings on 52 acres.
      34920a 143Rd St, Gardner, KS 66030
      View Details

    Similar Nearby for Lease

    • $9 SF/Yr
      3,500 SF

      Executive Office/Warehouse For Lease

      Prime Johnson County location; 3,500 SF available.
      851 Warren St, Gardner, KS 66030
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    • Contact for pricing
      328,294 SF

      Intermodal Distribution Center Sublease

      Sublease available through March 31, 2026, near BNSF Intermodal.
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      60,538 SF

      Olathe Industrial Development Opportunity

      Up to 2,100,000 SF available in Olathe, Kansas.
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      3,525 SF

      Industrial Space in Gardner, Kansas

      Industrial space with office and drive-in loading door available for rent.
      821-881 E Warren St, Gardner, KS 66030
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    • Contact for pricing
      328,500 SF

      Midwest Commerce Center: Build-to-Suit

      Class A industrial; single-tenant; flexible space.
      25865 167Th St, Gardner, KS 66030
      View Details
    • Contact for pricing
      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
      View Details
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    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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