Haysville Customizable Flex Space
For Sale
Contact for pricing
140 Cain Dr, Haysville, KS
Customizable flex space units ideal for storage or personal shop.
Property Size1,000 SF
Lot Size1.36 Acres
Price / SF$120
Days on Market472
Property Features for 140 Cain Dr
General Information
Standard status
Active
Size
1,000 SF
Lot size
1.36 Acres
Property subtype
INDUSTRIAL
Lease Type
Modified Gross
Properties For Sale
at 140 Cain Dr Contact us- Size
- 1,000 SF
- Type
- INDUSTRIAL
- Lease Type
- MODIFIED_GROSS
- Availability
- AVAILABLE
Flex Space KS
Unit Size: 1,000-1,500 SF Available
Lease Rate: $1.50 PSF/Month - Under One Year
...
show more
Contact us
- Size
- 1,500 SF
- Type
- INDUSTRIAL
- Lease Type
- MODIFIED_GROSS
- Availability
- AVAILABLE
Flex Space KS
Unit Size: 1,000-1,500 SF Available
Lease Rate: $1.50 PSF/Month - Under One Year
...
show more
Contact us
Listing Agency:
NAI Martens
(316) 352-7315
Listed By:
Brogan Klein · License #00242621
(316) 352-7315
Source:
Moodyscre
Added: May 8, 2025
Changed: Aug 8
Last Checked: Aug 21 at 1:28PM
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 NAI Martens
Investment Insights
Based on property information with market context.
Available units range from 1,000 to 1,500 square feet, with base prices starting at $120 per square foot. The base price includes a paved floor and taped walls ready for paint. Units are customizable with options to add a mezzanine or loft, bathroom and shower, kitchen, and offices. Each unit features a 16'x12' garage door with an automatic opener. The ceiling height is 16 feet at the eave and 22 feet at the peak. The building offers 100-amp three-phase electrical service. The location is secure, fully fenced, and equipped with automatic gate entry and security cameras. Estimated CAM fees are $205 per month, covering the water bill, snow removal, trash, exterior lighting, and gate maintenance. The property features 5-inch concrete floors. These units are ideal for various uses, including a personal shop, car, RV, or boat storage. Units can be combined for additional square footage.
Key Highlights
- Customizable Units: Add a mezzanine/loft, bathroom/shower, kitchen, and offices to create your ideal space.
- Secure Location: Fully fenced with automatic gate entry and security cameras for peace of mind.
- Flexible Unit Sizes: Choose from 1,000 SF and 1,500 SF units, or combine for larger spaces.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$6,226
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.19%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$124,520
$124.5K
Cap Rate 7%
$88,943
$88.9K
Cap Rate 9%
$69,178
$69.2K
Market Conditions
NOI Build-Up for 1,000 SF
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.
Gross rent
$7.8K $7.80/SF
− Vacancy
−$476 −$0.48/SF
EGI
$7.3K $7.32/SF
− OpEx
−$1.1K −$1.10/SF
NOI
$6.2K $6.23/SF
Area
Sedgwick County, KS
Vacancy
6.10%
Lease Rate
$7.80 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$124,520
Cap Rate 7%
$88,943
Cap Rate 9%
$69,178
Alternative Uses
Best Use
Warehouse
$88.9K
$77.8K – $103.8K
NOI $6,226 @ 7.0% cap · market cap 5.19%
Second Best
Flex RnD
$86.8K
$76.0K – $101.3K
NOI $6,079 @ 7.0% cap · market cap 5.07%
Theoretical Best
Office A
$208.4K
$182.4K – $243.2K
NOI $14,590 @ 7.0% cap · market cap 12.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
184
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
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
- Economy Storage — 7217 S Broadway St, Haysville, KS 67060
- East Grand Storage — 820 E Grand Ave, Haysville, KS 67060
- Air Capital Storage — 7526 S Broadway, Haysville, KS 67060
- Overflow Mini Storage — 936 E Grand Ave, Haysville, KS 67060
- Air Capital Storage — 107 N Jane St, Haysville, KS 67060
Frequently Asked Questions
What type of property is this?
Warehouse - Customizable flex space units ideal for storage or personal shop.
Where is this warehouse located?
The property is located at 140 Cain Dr Haysville, KS.
What is the asking price?
The asking price for this property is $120,000.
What are key features of this property?
This property features: Customizable Units: Add a mezzanine/loft, bathroom/shower, kitchen, and offices to create your ideal space.; Secure Location: Fully fenced with automatic gate entry and security cameras for peace of mind.; Flexible Unit Sizes: Choose from 1,000 SF and 1,500 SF units, or combine for larger spaces.
