215 Andover RdAndover, KS 67002

Property Details for 215 Andover Rd

Year built

2002

Lot size

1.26 AC

Property size (Sq ft)

4,940 SF

Property type

Office buildings

APN

008-304-19-0-40-07-020.00-0

APU

83041904007020000

Description

This single-story, 9,880 square foot medical office building in Andover, Kansas, offers a 2,223 square foot suite for immediate occupancy. Built in 2002, the property features a classic brick exterior and a beautifully landscaped lawn. The suite is turnkey and ready for immediate use, with the owner willing to collaborate on build-out costs to meet tenant needs. Ample parking is available with 66 on-site spaces. The building has a total of five suites, and this particular space offers potential for future expansion within the building. Located at 215 S Andover Rd, Andover, KS 67002, in Butler County, this property provides a professional and welcoming environment for medical practices or general office tenants. The building includes elevators. The minimum divisible space is 2,223 square feet, which is also the maximum contiguous space currently available.

• CAP approach

  CAP return

  Valuation

  6%

  $854,199

  6.5%

  $788,492

  7%

  $732,171

• Comparable approach

  Method

  Valuation

  Relative Method

  $353,358

  Geo Method

  $353,358

• Alternative Use

  Use

  Valuation

  Residential

  $977,730

  Hospitality

  $895,595

  Educational

  $745,125

  Medical

  $770,751

  Retail

  $1,159,083

Location Insight

City

Andover

County

Butler

State

Kansas

Latitude

37.6844

Longitude

-97.1359

CBSA code

48620

CBSA name

WICHITA, KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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