Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1202 South Lone Elm Road Olathe, KS 66061

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $6 SF/Yr

    Industrial warehouse space for lease at 56 Hwy & S Lone Elm Rd.

    Type:Industrial
    Property size:
    36,801 SF
    Added:
    Mar 25, 2026
    Days on Market:
    12
    Last Refresh:
    Mar 18 at 8:40 am

    Property Features for 1202 South Lone Elm Road

    General Information

    Standard status
    Active
    Size
    36,801 SF
    Property subtype
    Industrial

    We can help!

    Listing Contact
    Ben Whetstone
    Ben Whetstone

    Listing agent Ben Whetstone

    Listing office CBRE | Kansas City

    Listing date Mar 25, 2026

    Source Cbre

    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 CBRE | Kansas City

    Overview

    Industrial Warehouse Space Available

    This industrial warehouse property offers a total space of 36801 square feet. It is located near 56 Hwy and S Lone Elm Rd. The property is a second-generation industrial warehouse.
    Location Intelligence

    Current Use by Public Records

    Gateway Classic Cars ... Car Dealership

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • 56 Highway Stor-All — 625 W Dennis Ave, Olathe, KS 66061
    • StorageMart — 1285 W Dennis Ave, Olathe, KS 66061
    • Your 2nd Shop — 1260 S Payne St, Olathe, KS 66061

    Location Insight

    • Map
    • Local Demand
    City
    Olathe
    County
    Johnson
    State
    Kansas
    Longitude
    -94.8328807
    Latitude
    38.8664841

    Nearby Similar for Lease

    • Contact for pricing

      Olathe Office Warehouse with Storage

      Office warehouse with outdoor storage and climate control system.
      2133 E Kansas City Road, Olathe, KS 66061
      View Details
    • Contact for pricing

      Olathe Commercial Flex/Warehouse Space

      Flex, industrial, warehouse, and office suites available for lease.
      15559 S Mahaffie Street, Olathe, KS 66062
      View Details
    • Contact for pricing

      Olathe Office Space Available

      Office space for rent, ideal for small business owners.
      2135 E Kansas City suite B Road, Olathe, KS 66061
      View Details
    • $12/mo

      Olathe Industrial Flex Space

      Industrial flex space with outside storage and office space.
      300 N Marion St, Olathe, KS
      View Details
    • $21/mo

      Retail Space in Grocery-Anchored Center

      Retail spaces available in a high-traffic, grocery-anchored shopping center.
      15225-15257 W. 135th, Olathe, KS 66062
      View Details
    • Contact for pricing

      Olathe Warehouse Space for Rent

      Versatile warehouse spaces with drive-in doors and ample parking.
      2105 E Kansas City Rd, Olathe, KS
      View Details
    • $19/mo

      Olathe Office Space Available

      Office space available for lease in Olathe, Kansas.
      18103 West 106th Street, Olathe, KS, 66061
      View Details
    • Contact for pricing

      Olathe Retail Space For Lease

      Retail opportunities available in Olathe with strong demographics.
      15330 W 119th St, Olathe, KS
      View Details
    • $20/mo

      Daycare and Retail Spaces Available

      Turn-key daycare and second-generation studio/cafe spaces for lease.
      14000 W 135th St, Olathe, KS
      View Details
    • Contact for pricing

      Restaurant/Retail Space in High-Traffic Area

      7,000 SF restaurant/retail space in a super regional trade area.
      12027 S Strang Line Rd, Olathe, KS
      View Details
    • Contact for pricing

      Restaurant Opportunity on 119th Street

      Fully equipped restaurant space with high traffic frontage available for lease.
      14904 W 119th St | Olathe, KS 66062, KS 66062
      View Details
    • Contact for pricing

      Retail Space in High-Traffic Area

      1,000 SF retail space available in Olathe, Kansas.
      15149 119th St, Olathe, KS
      View Details

    FAQs

    What type of property is this?
    Warehouse - Industrial warehouse space for lease at 56 Hwy & S Lone Elm Rd.
    Where is this warehouse located?
    The property is located at 1202 South Lone Elm Road Olathe, KS.
    What is the lease rate?
    The lease rate is $6 SF/Yr.
    What are key features of this property?
    This property features: Industrial warehouse space; Located at 56 Hwy & S Lone Elm Rd; 2nd gen industrial space
    (816) 756-3535
    We can help!
    Listing Contact
    Ben Whetstone
    Ben Whetstone
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!