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Property profile & analytics
OFF-MARKET Estimated value $1,365,000
Strip malls

229 Andover Rd Andover, KS 67002-9801

13,000 SF 1.87 ac lot Built 2005
Entity Owned 6-yr Hold Absentee Owner Free & Clear
Property ID
US33-0130681
Property summary
AI-generated overview

This exceptional 1,080 square foot retail space is part of a thriving 13,000 square foot retail center built in 2006, located south of Central on Andover Road. The property boasts a Limited Commercial zoning designation and benefits from high visibility and traffic counts of 18,875 vehicles per day on Andover Road. The center enjoys a strong tenant mix, including established businesses such as Papa Murphy's, Precious Nails, Super Cuts, Verizon, Midwest Medical, Omaha Tobacco, and many more national brands in close proximity. This space is immediately available for lease and offers a minimum divisible space of 1,080 square feet, with a maximum contiguous space of 1,080 square feet. The property features a total of eight suites. Landlord is offering tenant improvement allowances for qualified tenants. The surrounding area includes O'Reilly's Auto Parts, Pizza Hut, KFC, Sonic, Equity Bank, McDonald's, Walgreens, Sherwin Williams, Intrust Bank, Dunkin' Donuts, and Andover School District, ensuring a consistent flow of potential customers. This prime location presents a fantastic opportunity for a variety of retail businesses seeking high visibility and strong foot traffic.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2005
Total area 13,000 SF
Lot 1.87 ac (81,457 SF)
APN 008-304-19-0-10-05-001.01-0
UPID US33-0130681
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
  • Farmers Insurance - Brian Journagan Insurance Agency
  • Precious Nails Nail Salon
  • Tailored Tails Pet Grooming Service
  • Supercuts Hair Salon
  • Papa Murphy's | Take 'N' Bake Pizza Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.37M
Owner & transaction history
Sapphire Re LLC · 6 yrs held
Sapphire Re LLC
since 2019
5 recorded transactions
2019
Price N/A
2019
Price N/A
2014
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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