Industrial Warehouse with Drive-In
1918 E 23rd St Lawrence, KS 66046
1918 E 23rd St, Lawrence, KS, 66046
Contact for pricing
For Sale
Contact for pricing
Warehouse building offers 16-foot clear height, 10’ drive-in loading, and 26 resealed parking spaces.
Property Size10,010 SF
Price / SF$142.36
Days on Market30
Property Features for 1918 E 23rd St
General Information
- Standard status
- Active
- Size
- 10,010 SF
- Property subtype
- RETAIL
Properties For Sale
at 1918 E 23rd St Contact us
Listing agency
NAI Heartland | Kansas City
(913) 515-3758
Listed by
Tom Kennedy
(913) 515-3758
Source
Moodyscre
Added: Jun 22 Updated: Jul 20 at 9:37PM Checked: Jul 21 at 4:56AM
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 Heartland | Kansas City
Investment Insights
Based on property information with market context.
Industrial warehouse building totaling 10,000 SF with 2,000 to 4,000 SF available for lease. The facility includes a 10’ drive-in loading door and 16’ clear height for flexible material handling.
The property features a resealed parking lot with 26 spaces. Power is available at single phase 120/240V with 200 amps, supporting a range of light commercial warehouse needs.
Zoned CS (Commercial Strip), the site is positioned for access and visibility from K-10.
The property features a resealed parking lot with 26 spaces. Power is available at single phase 120/240V with 200 amps, supporting a range of light commercial warehouse needs.
Zoned CS (Commercial Strip), the site is positioned for access and visibility from K-10.
Key Highlights
- Warehouse building with 16’ clear height and 10,000 SF total size
- Available for lease: 2,000–4,000 SF space sizes
- 10’ drive‑in loading door for easy warehouse access
Local Financial Insights For Warehouse
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 | $102.1k | $10.20 |
| − Vacancy | −$6.2k | −$0.62 |
| EGI | $95.9k | $9.58 |
| − OpEx | −$14.4k | −$1.44 |
| NOI | $81.5k | $8.14 |
10,010 SF · lease $10.20/SF/yr · vacancy 6.10% · expense 15.00%
Alternative Uses
Best Use
Retail
$2.95M
$2.58M – $3.44M
NOI $206,197 @ 7.0% cap · market cap 14.47%
Second Best
Warehouse
$1.16M
$1.02M – $1.36M
NOI $81,493 @ 7.0% cap · market cap 5.72%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
DMB Midwest
Corporate Office
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Warehouse building offers 16-foot clear height, 10’ drive-in loading, and 26 resealed parking spaces.
Where is this retail space located?
The property is located at 1918 E 23rd St Lawrence, KS.
What is the asking price?
The asking price for this property is $1,425,000.
What are key features of this property?
This property features: Warehouse building with 16’ clear height and 10,000 SF total size; Available for lease: 2,000–4,000 SF space sizes; 10’ drive‑in loading door for easy warehouse access
