8650 Candlelight Ln, Lenexa, KS
Medical and office property for sale in Lenexa, Kansas.
- Added:
- Jan 22, 2025
- Days on Market:
- 510
- Last Refresh:
- May 20 at 9:49 pm
Property Features for 8650 Candlelight Ln
General Information
- Standard status
- Active
- Size
- 8,000 SF
- Lot size
- 1.57 Acres
- Property subtype
- OFFICE
Listing agent Thomas F. Ward (913) 706-7520
Listing office Kessinger Hunter Commercial Real Estate (913) 706-7520
Listing date Jan 22, 2025
Source Moodyscre
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 Kessinger Hunter Commercial Real Estate
HighLights
- Strong mix of national credit and anchor medical tenants provides stable income.
- 6.5% cap rate.
- Low maintenance property investment.
- Priced at $1,500,000 ($187.50 PSF).
- Ample parking available.
- Tenants pay utilities and base year OpEx.
Overview
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 | $184.3k | $23.04 |
| − Vacancy | −$37.2k | −$4.65 |
| EGI | $147.1k | $18.39 |
| − OpEx | −$36.8k | −$4.60 |
| NOI | $110.3k | $13.79 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- CEVA Animal Health — 8906 Rosehill Rd, Lenexa, KS 66215
Location Insight
- Map
- Local Demand
- City
- Lenexa
- County
- Johnson
- State
- Kansas
- Longitude
- -94.7467
- Latitude
- 38.9716
