Metal Warehouse with Loading
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For Sale
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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 Market6
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) 219-2518
Listed By:
Seth Sinovic
(913) 219-2518
Source:
Moodyscre
Added: Jul 27
Changed: Jul 31
Last Checked: Jul 31 at 6:33PM
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 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 | $51.8k | $9.60 |
| − Vacancy | −$2.6k | −$0.48 |
| EGI | $49.2k | $9.12 |
| − OpEx | −$7.4k | −$1.37 |
| NOI | $41.9k | $7.75 |
5,400 SF · lease $9.60/SF/yr · vacancy 5.00% · expense 15.00%
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
Current Use
Lease Details
15 ft
Clear height
Location Intelligence
Trade Area within ½ mile
1,284
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
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Public Storage — 1525 E Spruce St, Olathe, KS 66061
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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
