Multi-Tenant Flex Industrial
For Sale
Contact for pricing
Pending
8325 - 8339 Nieman Rd, Overland Park, KS 66214
Flex industrial building with 8 dock doors, 16-foot clear height, and gated, truck-accessible back parking.
Property Size24,416 SF
Lot Size2.12 Acres
Days on Market51
Property Features for 8325 - 8339 Nieman Rd
General Information
Standard status
Pending
Size
24,416 SF
Total Parking Spaces
44
Lot size
2.12 Acres
Property subtype
Industrial, Retail, Office
Investment Type
Owner/User
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Warehouse & Industrial
Clear Height
16 ft
Dock-High Doors
8
Additional Details
Office Units
6
Building Details
Buildings
1
Units
7
Tenancy
Multi
Listing Agency:
Haith & Company Realtors
(913) 888-3456
Listed By:
Josh Haith · License #2011012354
Source:
Crexi
Added: Jun 22
Changed: Aug 8
Last Checked: Jul 24 at 1:36PM
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 Haith & Company Realtors
Investment Insights
Based on property information with market context.
Brookhollow Building 4 is a multi-tenant flex industrial property offered for sale as an owner-user opportunity. The building has 8 dock doors and 16-foot clear height, and it is currently configured for 6 tenants with available suites ranging from 1,400 to 8,326 SF.
The property is located on a 2.12-acre parcel and includes a fenced and gated back parking lot designed to support truck accessibility. The site is positioned right off I-35 and 69 Highway.
For tenants or buyers seeking flexible space, this configuration offers multiple suite sizes within a single building, with dock-door access and clear height suitable for a range of light industrial and distribution-oriented uses. The fenced and gated parking helps support secure on-site operations, while truck accessibility at the rear supports deliveries and logistics.
The property is located on a 2.12-acre parcel and includes a fenced and gated back parking lot designed to support truck accessibility. The site is positioned right off I-35 and 69 Highway.
For tenants or buyers seeking flexible space, this configuration offers multiple suite sizes within a single building, with dock-door access and clear height suitable for a range of light industrial and distribution-oriented uses. The fenced and gated parking helps support secure on-site operations, while truck accessibility at the rear supports deliveries and logistics.
Key Highlights
- Multi‑tenant flex industrial building at 8325–8339 Nieman Rd in Overland Park, KS
- Up to 21,157 SF available across suites ranging from 1,400 to 8,326 SF
- 8 dock doors and 16' clear height for flexible loading and storage use
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
$192,730
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
8.76%
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%
$3,854,600
$3.9M
Cap Rate 7%
$2,753,286
$2.8M
Cap Rate 9%
$2,141,444
$2.1M
Market Conditions
NOI Build-Up for 24,416 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
$322.3K $13.20/SF
− Vacancy
−$25.8K −$1.06/SF
EGI
$296.5K $12.14/SF
− OpEx
−$103.8K −$4.25/SF
NOI
$192.7K $7.89/SF
Area
Overland Park, KS
Vacancy
8.00%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
35.00%
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%
$3,854,600
Cap Rate 7%
$2,753,286
Cap Rate 9%
$2,141,444
Alternative Uses
Best Use
Flex RnD
$2.75M
$2.41M – $3.21M
NOI $192,730 @ 7.0% cap · market cap 8.76%
Second Best
Warehouse
$2.55M
$2.23M – $2.97M
NOI $178,377 @ 7.0% cap · market cap 8.11%
Theoretical Best
Office A
$6.29M
$5.50M – $7.34M
NOI $440,367 @ 7.0% cap · market cap 20.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
16 ft
Clear height
8
Dock-high doors
6
Office units
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,328
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 66214, KS
12,263
Population
5,652
Households
2.2
Avg Household Size
35
Median Age
52%
College-Educated
95%
High-School Grad
3.9 sq mi
ZIP Area
3,144
Density / Sq Mi
$80,842
Median Household Income
$47,740
Median Earnings
$1,122
Median Rent
$321,700
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Flex industrial building with 8 dock doors, 16-foot clear height, and gated, truck-accessible back parking.
Where is this flex space located?
The property is located at 8325 - 8339 Nieman Rd Overland Park, KS.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: Multi‑tenant flex industrial building at 8325–8339 Nieman Rd in Overland Park, KS; Up to 21,157 SF available across suites ranging from 1,400 to 8,326 SF; 8 dock doors and 16' clear height for flexible loading and storage use
