Lenexa Warehouse with Trailer
For Sale
Contact for pricing
7910 Hedge Lane Ter, Lenexa, KS
129,700 SF warehouse on 11.54 acres with ample parking.
Property Size129,700 SF
Lot Size11.56 Acres
Price / SF$88.67
Days on Market373
Property Features for 7910 Hedge Lane Ter
General Information
Standard status
Active
Size
129,700 SF
Lot size
11.56 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Colliers | Kansas City
(913) 522-6601
Listed By:
Tom Haverty
(913) 522-6601
Source:
Moodyscre
Added: Aug 14, 2025
Changed: Aug 8
Last Checked: May 19 at 9:50PM
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 Colliers | Kansas City
Investment Insights
Based on property information with market context.
This 129,700-square-foot warehouse, constructed in 1997, is situated on approximately 11.54 acres. The building features precast concrete construction and is zoned P1. The interior includes approximately 10,000 square feet of office space. Loading is facilitated by 16 dock-high doors and one drive-in door. A fenced trailer parking and loading area is available. The warehouse offers a clear height of 28 feet and is equipped with a wet sprinkler system. Electrical service is provided with 2000 amps at 480/277 volts, 3-phase. Utility services include electricity from Evergy, gas from Kansas Gas, sanitary sewer from Johnson County Waste Water, and water from WaterOne.
Key Highlights
- Large Building Size: 129,700± SF
- Substantial Land Area: 11.54± acres
- Ample Loading Capacity: Features 16 dock‑high doors and one (1) drive‑in door.
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
$590,243
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
5.13%
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%
$11,804,860
$11.8M
Cap Rate 7%
$8,432,043
$8.4M
Cap Rate 9%
$6,558,256
$6.6M
Market Conditions
NOI Build-Up for 129,700 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
$741.9K $5.72/SF
− Vacancy
−$47.5K −$0.37/SF
EGI
$694.4K $5.35/SF
− OpEx
−$104.2K −$0.80/SF
NOI
$590.2K $4.55/SF
Area
Johnson County, KS
Vacancy
6.40%
Lease Rate
$5.72 /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%
$11,804,860
Cap Rate 7%
$8,432,043
Cap Rate 9%
$6,558,256
Alternative Uses
Best Use
Warehouse
$8.43M
$7.38M – $9.84M
NOI $590,243 @ 7.0% cap · market cap 5.13%
Second Best
Industrial
$6.97M
$6.10M – $8.13M
NOI $487,640 @ 7.0% cap · market cap 4.24%
Theoretical Best
Office A
$31.39M
$27.47M – $36.62M
NOI $2,197,288 @ 7.0% cap · market cap 19.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
220
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Warehouse - 129,700 SF warehouse on 11.54 acres with ample parking.
Where is this warehouse located?
The property is located at 7910 Hedge Lane Ter Lenexa, KS.
What is the asking price?
The asking price for this property is $11,500,000.
What are key features of this property?
This property features: Large Building Size: 129,700± SF; Substantial Land Area: 11.54± acres; Ample Loading Capacity: Features 16 dock‑high doors and one (1) drive‑in door.
