Industrial Warehouse with
For Sale
Contact for pricing
16210 W 110th St, Lenexa, KS 66219
Concrete tilt-up warehouse with 26–28’ clear height, dock-high and drive-in loading, plus gas-fired office space.
Property Size27,750 SF
Lot Size4.41 Acres
Price / SF$113.51
Days on Market143
Property Features for 16210 W 110th St
General Information
Standard status
Active
Size
27,750 SF
Total Parking Spaces
28
Lot size
4.41 Acres
Property subtype
INDUSTRIAL
Zoning
BP2
Site & Location
Highway Access
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Clear Height
28 ft
Dock-High Doors
5
Drive-In Doors
1
Sprinkler System
Yes
Building Details
Year Built
1992
Construction
Concrete/tilt-up
Listing Agency:
Colliers | Fort Myers
(239) 418-0300
Listed By:
John Stafford, SIOR
(913) 461-5229
Source:
Moodyscre
Added: Apr 20
Changed: Aug 17
Last Checked: Aug 14 at 8:02AM
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 Colliers | Fort Myers
Investment Insights
Based on property information with market context.
Industrial warehouse facility built in 1992 with concrete/tilt-up construction and clear height of 26’–28’. The property includes 7,500± SF of office space and a total building size of 27,750± SF.
Improvements support active logistics operations, with 5 dock-high doors and 1 drive-in door. The truck court measures 105’±, and the warehouse is served by gas-fired overhead unit heaters and a wet sprinkler system (0.37 GPM/2,000 SF). Electrical service is listed at 120/208V with 800 amps.
Zoned BP2 (Industrial), the site includes 4.41 acres of land identified as excess for expansion and/or outdoor storage, along with 28 striped parking spaces that can be expanded with additional land. The owner-occupied property will be delivered vacant at sale. Access is described as convenient to I-435 via Lackman Road or Renner Boulevard.
Improvements support active logistics operations, with 5 dock-high doors and 1 drive-in door. The truck court measures 105’±, and the warehouse is served by gas-fired overhead unit heaters and a wet sprinkler system (0.37 GPM/2,000 SF). Electrical service is listed at 120/208V with 800 amps.
Zoned BP2 (Industrial), the site includes 4.41 acres of land identified as excess for expansion and/or outdoor storage, along with 28 striped parking spaces that can be expanded with additional land. The owner-occupied property will be delivered vacant at sale. Access is described as convenient to I-435 via Lackman Road or Renner Boulevard.
Key Highlights
- Concrete/tilt‑up warehouse totaling 27,750± SF with 26’–28’ clear height
- Loading includes 5 dock‑high doors plus 1 drive‑in door; 105’± truck court
- Gas‑fired overhead warehouse heat with wet sprinkler system (0.37 GPM/2,000 SF)
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
$126,286
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
4.01%
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%
$2,525,720
$2.5M
Cap Rate 7%
$1,804,086
$1.8M
Cap Rate 9%
$1,403,178
$1.4M
Market Conditions
NOI Build-Up for 27,750 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
$158.7K $5.72/SF
− Vacancy
−$10.2K −$0.37/SF
EGI
$148.6K $5.35/SF
− OpEx
−$22.3K −$0.80/SF
NOI
$126.3K $4.55/SF
Area
Johnson County, KS
Vacancy
6.40%
Lease Rate
$5.72 /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%
$2,525,720
Cap Rate 7%
$1,804,086
Cap Rate 9%
$1,403,178
Alternative Uses
Best Use
Office B
$5.47M
$4.78M – $6.38M
NOI $382,657 @ 7.0% cap · market cap 12.15%
Second Best
Warehouse
$1.80M
$1.58M – $2.10M
NOI $126,286 @ 7.0% cap · market cap 4.01%
Theoretical Best
Office A
$6.72M
$5.88M – $7.84M
NOI $470,121 @ 7.0% cap · market cap 14.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
28 ft
Clear height
5
Dock-high doors
1
Drive-in doors
Yes
Sprinkler system
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
251
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 66219, KS
13,378
Population
7,044
Households
1.9
Avg Household Size
36
Median Age
55%
College-Educated
98%
High-School Grad
8.3 sq mi
ZIP Area
1,612
Density / Sq Mi
$91,144
Median Household Income
$59,148
Median Earnings
$1,458
Median Rent
$370,500
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Warehouse - Concrete tilt-up warehouse with 26–28’ clear height, dock-high and drive-in loading, plus gas-fired office space.
Where is this warehouse located?
The property is located at 16210 W 110th St Lenexa, KS.
What is the asking price?
The asking price for this property is $3,150,000.
What are key features of this property?
This property features: Concrete/tilt‑up warehouse totaling 27,750± SF with 26’–28’ clear height; Loading includes 5 dock‑high doors plus 1 drive‑in door; 105’± truck court; Gas‑fired overhead warehouse heat with wet sprinkler system (0.37 GPM/2,000 SF)
