Metal Warehouse with Loading
For Sale
Contact for pricing
533 N Lindenwood Dr, Olathe, KS 66062
Functional industrial building with metal construction, M2 zoning, and warehouse loading access.
Property Size5,400 SF
Lot Size0.39 Acres
Price / SF$171.30
Days on Market52
Property Features for 533 N Lindenwood Dr
General Information
Standard status
Active
Size
5,400 SF
Lot size
0.39 Acres
Property subtype
INDUSTRIAL
Zoning
M2
Additional Details
Clear Height
15 ft
Building Details
Year Built
1985
Building Size
5,400 SF
Construction
Metal
Listing Agency:
NAI Heartland | Kansas City
(913) 362-1000
Listed By:
Seth Sinovic
(913) 219-2518
Source:
Moodyscre
Added: Jul 27
Changed: Sep 15
Last Checked: Sep 15 at 10:04AM
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.
This 5,400-square-foot warehouse was built in 1985 and features durable metal construction, a 15-foot clear height, and three loading doors measuring 10 feet wide by 12 feet high. The building provides a practical industrial configuration for warehouse and distribution operations.
The property encompasses 0.39 acres at 533 N Lindenwood Dr in Olathe, Kansas, with M2 zoning supporting its industrial classification.
The property encompasses 0.39 acres at 533 N Lindenwood Dr in Olathe, Kansas, with M2 zoning supporting its industrial classification.
Key Highlights
- 5,400 SF warehouse building
- 0.39‑acre property
- Three 10’ W x 12’ H loading doors
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
$41,861
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
4.53%
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%
$837,220
$837.2K
Cap Rate 7%
$598,014
$598.0K
Cap Rate 9%
$465,122
$465.1K
Market Conditions
NOI Build-Up for 5,400 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
$51.8K $9.60/SF
− Vacancy
−$2.6K −$0.48/SF
EGI
$49.2K $9.12/SF
− OpEx
−$7.4K −$1.37/SF
NOI
$41.9K $7.75/SF
Area
Olathe, KS
Vacancy
5.00%
Lease Rate
$9.60 /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%
$837,220
Cap Rate 7%
$598,014
Cap Rate 9%
$465,122
Alternative Uses
Best Use
Warehouse
$598.0K
$523.3K – $697.7K
NOI $41,861 @ 7.0% cap · market cap 4.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.60M
$1.40M – $1.86M
NOI $111,715 @ 7.0% cap · market cap 12.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
15 ft
Clear height
Location Intelligence
Trade Area within ½ mile
1,425
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 66062, KS
77,553
Population
29,350
Households
2.6
Avg Household Size
36
Median Age
53%
College-Educated
96%
High-School Grad
42.1 sq mi
ZIP Area
1,842
Density / Sq Mi
$116,248
Median Household Income
$55,718
Median Earnings
$1,349
Median Rent
$342,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Midwest region
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Similar Off Market Nearby
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- JustStorage — 325 N Mur-Len Rd, Olathe, KS 66062
- Olathe Self Storage — 715 N Lindenwood Dr, Olathe, KS 66062
Frequently Asked Questions
What type of property is this?
Warehouse - Functional industrial building with metal construction, M2 zoning, and warehouse loading access.
Where is this warehouse located?
The property is located at 533 N Lindenwood Dr Olathe, KS.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: 5,400 SF warehouse building; 0.39‑acre property; Three 10’ W x 12’ H loading doors
