Leased Flex Building with
11000 Lakeview Avenue Lenexa, KS 66219
11000 Lakeview Avenue, Lenexa, KS, 66219
Contact for pricing
For Sale
Contact for pricing
Flex building with Class A office buildout, two dock-high doors, and one drive-in door, currently leased to two tenants.
Property Size15,086 SF
Price / SF$175
Days on Market83
Property Features for 11000 Lakeview Avenue
General Information
- Standard status
- Active
- Size
- 15,086 SF
- Property subtype
- Industrial
Listing agency
Newmark
(816) 268-4223
Listed by
Seamus McLaughlin · License #MO 00241515
Source
Crexi
Added: May 1 Updated: Jul 21 at 10:39PM Checked: Jul 21 at 10:39PM
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 Newmark
Investment Insights
Based on property information with market context.
This flex building totals 15,086 square feet and is currently leased to two tenants. The property includes Class A office buildout along with two dock-high loading doors and one drive-in door, supporting a mix of office and warehouse functionality.
The building is located off College Boulevard in Lenexa’s industrial area, with nearby access to K-10, I-435, and I-35.
An owner-user may have the opportunity to occupy 50% of the building in 2027, subject to tenant details—contact the broker for information.
The building is located off College Boulevard in Lenexa’s industrial area, with nearby access to K-10, I-435, and I-35.
An owner-user may have the opportunity to occupy 50% of the building in 2027, subject to tenant details—contact the broker for information.
Key Highlights
- 15,086 SF flex building in Lenexa industrial area, currently leased to two tenants
- Class A office buildout
- Two dock‑high loading doors plus one drive‑in door
Local Financial Insights For Office B
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 | $347.6k | $23.04 |
| − Vacancy | −$70.2k | −$4.65 |
| EGI | $277.4k | $18.39 |
| − OpEx | −$69.3k | −$4.60 |
| NOI | $208.0k | $13.79 |
15,086 SF · lease $23.04/SF/yr · vacancy 20.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.97M
$2.60M – $3.47M
NOI $208,027 @ 7.0% cap · market cap 7.88%
Second Best
Warehouse
$980.8K
$858.2K – $1.14M
NOI $68,654 @ 7.0% cap · market cap 2.60%
Theoretical Best
Office A
$3.65M
$3.19M – $4.26M
NOI $255,577 @ 7.0% cap · market cap 9.68%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Flex building with Class A office buildout, two dock-high doors, and one drive-in door, currently leased to two tenants.
Where is this flex space located?
The property is located at 11000 Lakeview Avenue Lenexa, KS.
What is the asking price?
The asking price for this property is $2,640,050.
What are key features of this property?
This property features: 15,086 SF flex building in Lenexa industrial area, currently leased to two tenants; Class A office buildout; Two dock‑high loading doors plus one drive‑in door
