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Property profile & analytics
OFF-MARKET
Retail space

224 Cloud Ave Andover, KS 67002-8962

3,000 SF 0.64 ac lot Built 2019
Entity Owned 5-yr Hold ~ Est. High Equity
Property ID
US33-1537214
Property summary
AI-generated overview

This exceptional Class A retail property, located at 224 E. Cloud Ave in Andover, Kansas, offers 3,000 square feet of high-visibility space in a thriving commercial area. Built in 2019, this single-story, one-building strip center features two suites and sits on a 0.63-acre lot. The property boasts a highly desirable end-cap location with direct frontage on US-54/Kellogg, ensuring maximum exposure to a substantial daily traffic volume. Its strategic location near the intersection of Kellogg and Andover Road places it directly in front of a Dillons Marketplace, providing immediate access to a large customer base. Across the street is The Heritage, a new 100-acre mixed-use development, further enhancing the area's growth potential and attracting a diverse clientele. The property's proximity to established businesses such as Dutch Bros, Applebee's, Arby's, and Los Cocos, among others, creates a synergistic environment and reinforces its prime commercial location. The property is zoned GC in Butler County, Kansas, and offers significant opportunities for a variety of retail businesses. This is a rare opportunity to secure a high-impact retail space in a rapidly developing area.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2019
Total area 3,000 SF
Lot 0.64 ac (27,878 SF)
APN 008-309-29-0-20-11-011.00-0
UPID US33-1537214
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Great Clips Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Andover Two Tenant LLC · 5 yrs held
Andover Two Tenant LLC
since 2021
1 recorded transaction
2021
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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