Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4540 Commerce Dr Garden City, KS 67846-8001

    • Flex space
    • 4,808 SF
    • 1.55 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US33-1465668
    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

    • Flex space

    Property Details for 4540 Commerce Dr

    Year built
    1992
    Lot size
    1.55 lot acres
    Property size
    4,808 SF
    Property type
    Flex space
    APN
    275-15-0-00-10-002.00-0
    APU
    2751500010002000

    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
    Garden City
    County
    Finney
    State
    Kansas
    Longitude
    -100.814
    Latitude
    37.9652
    CBSA code
    23780
    CBSA name
    GARDEN CITY, KS MICROPOLITAN 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
    $5,486
    $15,375
    $28,928
    $44,303
    -
    $61,500
    $115,710
    $177,210

    Comparable in this City

    • Value Estimation by Request
      8,800 SF

      150 Air Links Rd

      LIGHT INDUSTRIAL • 8,800 SF
      150 Air Links Rd, Garden City, KS 67846-9419
      View Details
    • Value Estimation
      $725,000
      14,744 SF

      1802 Spruce St

      LIGHT INDUSTRIAL • 14,744 SF
      1802 Spruce St, Garden City, KS 67846-6337
      View Details
    • Value Estimation by Request
      7,807 SF

      220 Air Links Rd

      LIGHT INDUSTRIAL • 7,807 SF
      220 Air Links Rd, Garden City, KS 67846-9428
      View Details
    • Value Estimation by Request
      5,154 SF

      1012 Fulton St

      LIGHT INDUSTRIAL • 5,154 SF
      1012 Fulton St, Garden City, KS 67846-6044
      View Details
    • Value Estimation by Request
      7,400 SF

      3420 Jones Ave

      LIGHT INDUSTRIAL • 7,400 SF
      3420 Jones Ave, Garden City, KS 67846-7019
      View Details
    • Value Estimation by Request
      9,050 SF

      3670 Jones Ave

      LIGHT INDUSTRIAL • 9,050 SF
      3670 Jones Ave, Garden City, KS 67846-9708
      View Details

    Similar Nearby for Sale

    • $785,000
      1.00 Acre

      Barndominium with Commercial Shop Space

      Unique live/work property with shop and living space in Kansas.
      795 Midstates Dr, Garden City, KS 67846
      View Details
    • $825,000
      0.59 Acres

      Garden City Investment Opportunity

      Commercial property in downtown Garden City, Kansas, for sale.
      102 N 9Th St, Garden City, KS 67846
      View Details
    • $500,000
      50.00 Acres

      Kansas Farmland - 50 Acres

      Prime Kansas farmland, 50 acres, $500,000.
      0 Schulman Ave, Garden City, KS 67846
      View Details
    • $760,000
      80.00 Acres

      Development Land Near Garden City

      80 acres of development land located near Garden City, Kansas.
      W/2 Of SE/4 of 19-23-32, Garden City, KS 67846
      View Details
    • $1,200,000
      Pending

      Prime Development Land, Garden City

      10.4-acre plot in thriving Garden City, an investment opportunity.
      NE Schulman Ave, Garden City, KS 67846
      View Details
    • $1,277,100
      480.00 Acres

      480 Acres of Farmland

      480 acres of farmland located in Finney County, Kansas.
      W/2 Finney Co. Ks, Garden City, KS 67846
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      37,000 SF

      Prime Finney County Warehouse

      37,000 SF Warehouse - 11,000 SF Vacant
      0 Buffalo Jones Ave, Garden City, KS 67846
      View Details
    • Contact for pricing
      6,700 SF

      Garden City Warehouse - 6,700 SF

      Spacious warehouse, office, & restroom. Ideal for industrial use.
      2105 Vfw Rd, Garden City, KS 67846
      View Details
    • Contact for pricing
      27,200 SF

      Garden City Plaza Retail Space

      Prime Retail, Office Space Available
      2214 Kansas Ave, Garden City, KS 67846
      View Details
    • Contact for pricing
      2,342 SF

      Retail Space in Garden City

      2,342 SF retail space with highway visibility available for rent.
      3104 E Kansas Ave, Garden City, KS 67846
      View Details
    • Contact for pricing
      33,620 SF

      Retail Space Near Burlington, Kohl's

      Retail and drive-thru spaces available near established retailers.
      2310 E Kansas Ave, Garden City, KS 67846
      View Details
    • Contact for pricing
      390 SF

      Retail Suites Inside Dillons Stores

      In-store retail suites available for rent in Kansas.
      1101 N Taylor Ave, Garden City, KS 67846
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    4540 Commerce Dr
    Garden City, KS 67846-8001
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.