New Haysville Flex Space
For Sale
$2,000,000
140 Cain Dr, Haysville, KS 67060
Modern 22,000 SF flex space in thriving Haysville.
Property Size22,000 SF
Price / SF$90.91
Days on Market169
Property Features for 140 Cain Dr
General Information
Standard status
Active
Size
22,000 SF
Property subtype
Industrial
Building Details
Building Size
22,000 SF
Year Built
2024
Listing Agency:
NAI Martens
(316) 352-7315
Listed By:
Brogan Klein · License #00242621
Source:
Naimartens
Added: Mar 6
Changed: Aug 8
Last Checked: Aug 21 at 5:27AM
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.
Located in Haysville, minutes south of Wichita, this 22,000 square foot building was constructed in 2024. Zoned F, the property is suited for industrial or self-storage utilization. It features 16 units, each ranging from 1,000 to 1,500 square feet. The property offers visibility and access from key transportation routes, providing a solution for users seeking efficient space with optional customization.
Key Highlights
- New construction: State‑of‑the‑art 22,000 SF building completed in 2024.
- Zoned F, suitable for industrial or self‑storage.
- Located in Haysville, minutes south of Wichita, offering strong visibility and access.
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
$136,963
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
6.85%
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%
$2,739,260
$2.7M
Cap Rate 7%
$1,956,614
$2.0M
Cap Rate 9%
$1,521,811
$1.5M
Market Conditions
NOI Build-Up for 22,000 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
$171.6K $7.80/SF
− Vacancy
−$10.5K −$0.48/SF
EGI
$161.1K $7.32/SF
− OpEx
−$24.2K −$1.10/SF
NOI
$137.0K $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%
$2,739,260
Cap Rate 7%
$1,956,614
Cap Rate 9%
$1,521,811
Alternative Uses
Best Use
Self Storage
$2.70M
$2.36M – $3.15M
NOI $189,050 @ 7.0% cap · market cap 9.45%
Second Best
Warehouse
$1.96M
$1.71M – $2.28M
NOI $136,963 @ 7.0% cap · market cap 6.85%
Theoretical Best
Office A
$4.59M
$4.01M – $5.35M
NOI $320,979 @ 7.0% cap · market cap 16.05%
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
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 67060, KS
13,860
Population
5,459
Households
2.5
Avg Household Size
38
Median Age
19%
College-Educated
93%
High-School Grad
28.0 sq mi
ZIP Area
495
Density / Sq Mi
$74,911
Median Household Income
$44,337
Median Earnings
$965
Median Rent
$165,800
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.
Frequently Asked Questions
What type of property is this?
Flex space - Modern 22,000 SF flex space in thriving Haysville.
Where is this flex space located?
The property is located at 140 Cain Dr Haysville, KS.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: New construction: State‑of‑the‑art 22,000 SF building completed in 2024.; Zoned F, suitable for industrial or self‑storage.; Located in Haysville, minutes south of Wichita, offering strong visibility and access.
