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    571 Meadowbrook St Gardner, KS 66030
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    571 Meadowbrook St Gardner, KS 66030

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    • Small apartment buildings
    Off-Market
    Property ID
    US33-1668521
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Small apartment buildings

    Property Details for 571 Meadowbrook St

    Property type
    Small apartment buildings

    Description

    This exceptional 14,268.69 square foot lot, located at 571 S Meadowbrook Street in Gardner, Kansas, presents a unique investment opportunity. Zoned for multifamily development, this property is ideally situated within the Genesis Farms Subdivision in Johnson County, offering convenient access to I-35 Highway and a wealth of local amenities. The location boasts proximity to highly-rated Gardner/Edgerton schools and city parks, enhancing its appeal to potential residents. The expansive lot size provides ample space for a substantial multifamily development project, catering to the growing demand for housing in this desirable area. This "job ready" lot is ready for immediate development, eliminating pre-construction delays and streamlining the building process. The asking price for this exceptional property is $90,000. This represents a compelling investment opportunity in a thriving Kansas community with strong potential for significant returns. The property's prime location and zoning make it an attractive proposition for developers seeking to capitalize on the robust housing market in Johnson County. Don't miss this chance to acquire a highly sought-after development site in a rapidly growing area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Gardner
    County
    Johnson, KS
    State
    Kansas
    Longitude
    -94.934338
    Latitude
    38.8020039

    Comparable in this City

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      Pending

      Turn-Key Home in Gardner

      Modern home with 3 bedrooms, 2.5 baths, and 2-car garage.
      16485 Blair St, Gardner, KS 66030
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      Land For Sale

      Land available for sale.
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      Commercial Land Near Interstate 35

      Commercial land available near major transportation routes and growing city.
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    • $284,000
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      8.73 Acres in Johnson County

      Land for animals, gardens, and country lifestyle in Gardner, KS.
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    • $295,000
      9.59 Acres

      9.5 Acre Lot Near Panasonic

      9.5 acre lot in Gardner, near Panasonic plant.
      15210 Edgerton Rd, Gardner, KS 66030
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    Similar Nearby for Sale

    • $360,000
      Pending

      Turn-Key Home in Gardner

      Modern home with 3 bedrooms, 2.5 baths, and 2-car garage.
      16485 Blair St, Gardner, KS 66030
      View Details
    • Contact for pricing

      Land For Sale

      Land available for sale.
      S Clare Rd, Gardner, KS 66030
      View Details
    • Contact for pricing

      Commercial Land Near Interstate 35

      Commercial land available near major transportation routes and growing city.
      188th St & Gardner Rd, Gardner, KS 66030
      View Details
    • $284,000
      380,278 SF

      8.73 Acres in Johnson County

      Land for animals, gardens, and country lifestyle in Gardner, KS.
      37655 West 151St St, Gardner, KS 66030
      View Details
    • $295,000
      9.59 Acres

      9.5 Acre Lot Near Panasonic

      9.5 acre lot in Gardner, near Panasonic plant.
      15210 Edgerton Rd, Gardner, KS 66030
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Land Lots for Lease

      Multiple commercial land lots available for lease near I-35.
      18701 S Gardner Rd, Gardner, KS 66030
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      60,538 SF

      Olathe Industrial Development Opportunity

      Up to 2,100,000 SF available in Olathe, Kansas.
      23155 W 175Th St, Gardner, KS 66030
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      Prime Commercial Pad Site Available

      Approximately 1-acre pad site available for ground lease or build-to-suit.
      642 E Main St, Gardner, KS 66030
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      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
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      5,200 SF

      Retail Space with Drive-Thru

      Retail spaces available with drive-thru, 1,400 to 5,200 SF.
      18730 S Gardner Rd, Gardner, KS 66030
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    • Contact for pricing
      328,500 SF

      Industrial Build-to-Suit Opportunity

      Class A industrial space for rent in Midwest Commerce Center.
      25865 W 167Th St, Gardner, KS 66030
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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.

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