Freestanding Flex Space
108 N Chester Street Olathe, KS 66061
108 N Chester Street, Olathe, KS, 66061
Contact for pricing
For Sale
Contact for pricing
Freestanding retail/industrial flex building with convenient corridor access for businesses needing versatile space.
Property Size6,000 SF
Lot Size0.44 Acres
Price / SF$165.83
Days on Market49
Property Features for 108 N Chester Street
General Information
- Standard status
- Active
- Size
- 6,000 SF
- Lot size
- 0.44 Acres
- Property subtype
- Retail, Industrial
Building Details
- Year Built
- 1970
Listing agency
Colliers - Kansas City, Missouri
(816) 531-5303
Listed by
Jack Higgins · License #MO 00241790
Source
Crexi
Added: Jun 3 Updated: Jul 10 at 1:50PM Checked: Jul 20 at 6:15AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Colliers - Kansas City, Missouri
Investment Insights
Based on property information with market context.
This offering is a freestanding 6,000 SF flex space building on 0.44 acres, suitable for both retail and industrial-style uses. The property provides a stand-alone configuration designed for straightforward operations and tenant control.
The location offers easy access to the I-35, K-7, and Santa Fe Street corridors, supporting practical regional connectivity. It is positioned within the Olathe area near Downtown Olathe and local businesses.
For tenants, owners, and operators, this type of property can work well when you need a single facility that can accommodate retail-facing activity while maintaining an industrial flex component. The stand-alone nature and direct corridor access make it a compelling fit for businesses looking for a versatile building rather than a shared space setup.
The location offers easy access to the I-35, K-7, and Santa Fe Street corridors, supporting practical regional connectivity. It is positioned within the Olathe area near Downtown Olathe and local businesses.
For tenants, owners, and operators, this type of property can work well when you need a single facility that can accommodate retail-facing activity while maintaining an industrial flex component. The stand-alone nature and direct corridor access make it a compelling fit for businesses looking for a versatile building rather than a shared space setup.
Key Highlights
- Freestanding 6,000 SF retail/industrial flex building
- Built in 1970
- Sits on 0.44 acres
Local Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $100.8k | $16.80 |
| − Vacancy | −$6.0k | −$1.01 |
| EGI | $94.8k | $15.79 |
| − OpEx | −$33.2k | −$5.53 |
| NOI | $61.6k | $10.26 |
6,000 SF · lease $16.80/SF/yr · vacancy 6.00% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$879.8K
$769.9K – $1.03M
NOI $61,589 @ 7.0% cap · market cap 6.19%
Second Best
Retail
$829.4K
$725.8K – $967.7K
NOI $58,061 @ 7.0% cap · market cap 5.84%
Theoretical Best
Office A
$1.77M
$1.55M – $2.07M
NOI $124,128 @ 7.0% cap · market cap 12.48%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Western Union
Bank
Asian Food Market
Grocery & Convenience Store
Similar For Sale Nearby
Similar Off Market Nearby
- Two Guys and a Grill — 109 N Chester St, Olathe, KS 66061
FAQs
What type of property is this?
Flex space - Freestanding retail/industrial flex building with convenient corridor access for businesses needing versatile space.
Where is this flex space located?
The property is located at 108 N Chester Street Olathe, KS.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Freestanding 6,000 SF retail/industrial flex building; Built in 1970; Sits on 0.44 acres
