Precast Concrete Distribution
For Sale
Contact for pricing
7910 Hedge Lane Ter, Lenexa, KS 66227
Precast concrete industrial building with 28’ clear height, 16 dock-high doors, and fenced trailer parking.
Property Size129,700 SF
Lot Size11.54 Acres
Price / SF$88.67
Days on Market396
Property Features for 7910 Hedge Lane Ter
General Information
Standard status
Active
Size
129,700 SF
Lot size
11.54 Acres
Property subtype
INDUSTRIAL
Zoning
P1
Site & Location
Fenced Yard
Yes
Outdoor Storage
Yes
Utilities to Site
Yes
Warehouse & Industrial
Clear Height
28 ft
Dock-High Doors
16
Drive-In Doors
1
Heavy Power
Yes
Sprinkler System
Yes
Building Details
Year Built
1997
Construction
Precast concrete
Listing Agency:
Colliers | Kansas City
(816) 531-5303
Listed By:
Tom Haverty · License #00216563
(913) 522-6601
Source:
Moodyscre
Added: Aug 14, 2025
Changed: Aug 13
Last Checked: Sep 12 at 9:45AM
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 distribution-focused industrial facility totals 129,700± SF and features 10,000± SF of office space. The building was constructed in 1997 using precast concrete and is served by 16 dock-high doors plus one drive-in door. Clear height is 28’, with wet sprinkler protection throughout.
The property includes a fenced trailer parking and loading area, supporting efficient staging for deliveries. Electrical service is rated at 2,000 amps with 480/277 volt, 3-phase power.
The site sits on 11.54± acres and is zoned P1. Utilities listed include Evergy electricity, Kansas Gas, and water and sanitary sewer service through WaterOne and Johnson County Waste Water.
The property includes a fenced trailer parking and loading area, supporting efficient staging for deliveries. Electrical service is rated at 2,000 amps with 480/277 volt, 3-phase power.
The site sits on 11.54± acres and is zoned P1. Utilities listed include Evergy electricity, Kansas Gas, and water and sanitary sewer service through WaterOne and Johnson County Waste Water.
Key Highlights
- 129,700 ± SF precast concrete industrial building on 11.54 ± acres
- 28’ clear height for versatile warehouse storage and operations
- Loading includes 16 dock‑high doors plus 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
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Current Use
Lease Details
28 ft
Clear height
16
Dock-high doors
1
Drive-in doors
Yes
Heavy power
Yes
Sprinkler system
Yes
Fenced yard
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
220
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 66227, KS
8,476
Population
3,431
Households
2.5
Avg Household Size
41
Median Age
68%
College-Educated
100%
High-School Grad
13.3 sq mi
ZIP Area
637
Density / Sq Mi
$132,532
Median Household Income
$71,027
Median Earnings
$1,989
Median Rent
$423,000
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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Frequently Asked Questions
What type of property is this?
Warehouse - Precast concrete industrial building with 28’ clear height, 16 dock-high doors, and fenced trailer 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: 129,700 ± SF precast concrete industrial building on 11.54 ± acres; 28’ clear height for versatile warehouse storage and operations; Loading includes 16 dock‑high doors plus 1 drive‑in door
