Industrial Building For
For Sale
$1,600,000
5439 Merriam Drive, Shawnee, KS 66203
15037 square foot industrial building available for purchase.
Property Size15,037 SF
Price / SF$106.40
Days on Market206
Property Features for 5439 Merriam Drive
General Information
Standard status
Active
Size
15,037 SF
Property subtype
Industrial
Listing Agency:
CBRE
Listed By:
Ben Whetstone · License #00247020
(816) 756-3535
Source:
Cbre
Added: Mar 25
Changed: Oct 9
Last Checked: Oct 16 at 8:13AM
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 CBRE
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
A 15037 square foot industrial building is available for sale in Merriam, Kansas.
Key Highlights
- Building for sale
- Located in Merriam, KS
- 15037 Building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,535
Cap Rate
3.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,130,700
$1.1M
Cap Rate 7%
$807,643
$807.6K
Cap Rate 9%
$628,167
$628.2K
Market Conditions
NOI Build-Up for 15,037 SF
Gross rent
$86.0K $5.72/SF
− Vacancy
−$5.2K −$0.35/SF
EGI
$80.8K $5.37/SF
− OpEx
−$24.2K −$1.61/SF
NOI
$56.5K $3.76/SF
Area
Johnson County, KS
Vacancy
6.10%
Lease Rate
$5.72 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,130,700
Cap Rate 7%
$807,643
Cap Rate 9%
$628,167
Alternative Uses
Best Use
Industrial
$807.6K
$706.7K – $942.3K
NOI $56,535 @ 7.0% cap · market cap 3.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.64M
$3.18M – $4.25M
NOI $254,747 @ 7.0% cap · market cap 15.92%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
773
Businesses Nearby
Explore this area
Business Placement
Demographics for 66203, KS
19,439
Population
8,419
Households
2.3
Avg Household Size
39
Median Age
34%
College-Educated
94%
High-School Grad
6.3 sq mi
ZIP Area
3,086
Density / Sq Mi
$76,590
Median Household Income
$45,615
Median Earnings
$1,183
Median Rent
$235,900
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
Frequently Asked Questions
What type of property is this?
Industrial property - 15037 square foot industrial building available for purchase.
Where is this industrial property located?
The property is located at 5439 Merriam Drive Shawnee, KS.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Building for sale; Located in Merriam, KS; 15037 Building
