Freestanding Flex Industrial
For Sale
Contact for pricing
108 N Chester St, Olathe, KS 66061
Freestanding 6,000 SF industrial/flex building with 12' clear height and existing freezer/cooler and kitchen infrastructure.
Property Size6,000 SF
Lot Size0.44 Acres
Price / SF$165.83
Days on Market14
Property Features for 108 N Chester St
General Information
Standard status
Active
Size
6,000 SF
Lot size
0.44 Acres
Property subtype
FLEX_R_AND_D
Zoning
C-3
Additional Details
Business Included
Yes
Highway Access
Yes
Clear Height
12 ft
Building Details
Year Built
1970
Listing Agency:
Colliers | Kansas City
(816) 589-1167
Listed By:
Chris Newkirk · License #00227979
(816) 589-1167
Source:
Moodyscre
Added: Jul 17
Changed: Jul 18
Last Checked: Jul 18 at 4:40AM
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
Investment Insights
Based on property information with market context.
Freestanding 6,000 SF flex/industrial building situated on 0.44 acres, built in 1970. The facility features 12’ clear height and loading provided by a double-door (drive-in door could be added). Existing freezer/cooler infrastructure and a kitchen are in place, supporting food-related or cold storage functions.
The property offers easy access to the I-35, K-7, and Santa Fe Street corridors, with connectivity to the Kansas City metro area. It is located near Downtown Olathe and local businesses.
Zoned C-3, the building’s configuration supports a range of light industrial and flex uses, with practical loading for daily operations.
The property offers easy access to the I-35, K-7, and Santa Fe Street corridors, with connectivity to the Kansas City metro area. It is located near Downtown Olathe and local businesses.
Zoned C-3, the building’s configuration supports a range of light industrial and flex uses, with practical loading for daily operations.
Key Highlights
- Freestanding 6,000 SF building on 0.44 acres
- 12' clear height with double‑door loading (drive‑in door could be added)
- Zoned C‑3
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
Industrial
$547.2K
$478.8K – $638.4K
NOI $38,304 @ 7.0% cap · market cap 3.85%
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 authorities.
Property Analytics
Current Use
Lease Details
12 ft
Clear height
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
937
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 66061, KS
66,166
Population
24,744
Households
2.7
Avg Household Size
36
Median Age
45%
College-Educated
93%
High-School Grad
63.3 sq mi
ZIP Area
1,045
Density / Sq Mi
$109,110
Median Household Income
$50,736
Median Earnings
$1,228
Median Rent
$337,400
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Two Guys and a Grill — 109 N Chester St, Olathe, KS 66061
Frequently Asked Questions
What type of property is this?
Flex space - Freestanding 6,000 SF industrial/flex building with 12' clear height and existing freezer/cooler and kitchen infrastructure.
Where is this flex space located?
The property is located at 108 N Chester St 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 building on 0.44 acres; 12' clear height with double‑door loading (drive‑in door could be added); Zoned C‑3
