Flex Industrial Warehouse
204 S Lecompton Rd Perry, KS 66073
For Sale
Contact for pricing
Brick and concrete facility with office, production space, and cold warehouse areas plus two overhead loading doors.
Property Size18,464 SF
Price / SF$24.37
Days on Market136
Property Features for 204 S Lecompton Rd
General Information
- Standard status
- Active
- Size
- 18,464 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1948
Listing Agency:
Kansas Commercial Real Estate Services Inc
(785) 272-2525
Listed By:
Caden Merrick · License #00251579
Source:
Crexi
Added: Mar 11
Changed: Jul 23
Last Checked: Jul 23 at 9:13AM
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 Kansas Commercial Real Estate Services Inc
Investment Insights
Based on property information with market context.
Solid brick and concrete flex industrial facility featuring a wood column and beam system and a functional mix of office, production, and cold warehouse space. The layout includes three offices, including one with a fireplace, a vault, workroom, lab, kitchen, and three restrooms. Operational support spaces include a climate-controlled production area and a dedicated concrete block tool and machining room.
Two overhead doors provide efficient loading and distribution, supported by electrical infrastructure including 110/220 power and 3-phase service in select areas. The north warehouse includes a ramped mezzanine area for added storage or operational flexibility, with part of the mezzanine finished in hardwood flooring.
Convenient access to Highway 24/40 supports shipping, logistics, and regional travel. The property is configured to support both administrative functions and temperature-sensitive operations within the same enclosed facility.
Two overhead doors provide efficient loading and distribution, supported by electrical infrastructure including 110/220 power and 3-phase service in select areas. The north warehouse includes a ramped mezzanine area for added storage or operational flexibility, with part of the mezzanine finished in hardwood flooring.
Convenient access to Highway 24/40 supports shipping, logistics, and regional travel. The property is configured to support both administrative functions and temperature-sensitive operations within the same enclosed facility.
Key Highlights
- 1948 brick and concrete facility with office, production, and cold warehouse space
- Office layout includes 3 offices (one with a fireplace), a vault, workroom, lab, kitchen, and 3 restrooms
- 4,300+/- SF climate‑controlled production area for temperature‑sensitive operations
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 | $39.9k | $2.16 |
| − Vacancy | −$2.8k | −$0.15 |
| EGI | $37.1k | $2.01 |
| − OpEx | −$5.6k | −$0.30 |
| NOI | $31.5k | $1.71 |
18,464 SF · lease $2.16/SF/yr · vacancy 7.00% · expense 15.00%
Alternative Uses
Best Use
Flex RnD
$1.23M
$1.08M – $1.44M
NOI $86,123 @ 7.0% cap · market cap 19.14%
Second Best
Warehouse
$450.4K
$394.1K – $525.5K
NOI $31,527 @ 7.0% cap · market cap 7.01%
Theoretical Best
Self Storage
$2.08M
$1.82M – $2.43M
NOI $145,792 @ 7.0% cap · market cap 32.40%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
FAQs
What type of property is this?
Flex space - Brick and concrete facility with office, production space, and cold warehouse areas plus two overhead loading doors.
Where is this flex space located?
The property is located at 204 S Lecompton Rd Perry, KS.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 1948 brick and concrete facility with office, production, and cold warehouse space; Office layout includes 3 offices (one with a fireplace), a vault, workroom, lab, kitchen, and 3 restrooms; 4,300+/- SF climate‑controlled production area for temperature‑sensitive operations
