Industrial Warehouse with Heavy
For Sale
$1,500,000
8900 Green Valley Dr, Manhattan, KS 66503
Industrial warehouse with dedicated offices, a bathroom, and 440-volt three-phase power.
Property Size21,875 SF
Lot Size1.65 Acres
Price / SF$68.57
Days on Market57
Property Features for 8900 Green Valley Dr
General Information
Standard status
Active
Size
21,875 SF
Lot size
1.65 Acres
Warehouse & Industrial
Voltage
440 V
Three-Phase Power
Yes
Additional Details
Road Access
Yes
Building Details
Year Built
2002
Buildings
1
Building Size
21,875 SF
Listing Agency:
Alliance Realty
Listed By:
Angela Durtschi · License #SP00241638
(303) 748-2217
Source:
Stoneandstory
Added: Aug 20
Changed: Oct 2
Last Checked: Oct 7 at 2:54PM
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 Alliance Realty
Investment Insights
Based on property information with market context.
Built in 2002, this 21,875-square-foot warehouse occupies 1.65 acres and offers a durable industrial configuration. The building measures 175 feet by 125 feet and includes an 8-inch concrete floor designed to support substantial equipment and operational demands. Dedicated office space and a bathroom are incorporated into the facility for administrative and employee functions.
The property is located at 8900 Green Valley Dr in Manhattan, Kansas, off Green Valley Rd. Electrical service includes 440 volts of three-phase power, supporting manufacturing, machinery, and storage operations that require higher-capacity service.
The property is located at 8900 Green Valley Dr in Manhattan, Kansas, off Green Valley Rd. Electrical service includes 440 volts of three-phase power, supporting manufacturing, machinery, and storage operations that require higher-capacity service.
Key Highlights
- 21,875‑square‑foot warehouse on 1.65 acres
- 175‑foot by 125‑foot building footprint
- 8‑inch thick concrete floor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$106,608
Cap Rate
7.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,132,160
$2.1M
Cap Rate 7%
$1,522,971
$1.5M
Cap Rate 9%
$1,184,533
$1.2M
Market Conditions
NOI Build-Up for 21,875 SF
Gross rent
$131.5K $6.01/SF
− Vacancy
−$6.0K −$0.28/SF
EGI
$125.4K $5.73/SF
− OpEx
−$18.8K −$0.86/SF
NOI
$106.6K $4.87/SF
Area
Riley County, KS
Vacancy
4.60%
Lease Rate
$6.01 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,132,160
Cap Rate 7%
$1,522,971
Cap Rate 9%
$1,184,533
Alternative Uses
Best Use
Warehouse
$1.52M
$1.33M – $1.78M
NOI $106,608 @ 7.0% cap · market cap 7.11%
Second Best
Industrial
$1.25M
$1.10M – $1.46M
NOI $87,795 @ 7.0% cap · market cap 5.85%
Theoretical Best
Office A
$5.01M
$4.38M – $5.84M
NOI $350,419 @ 7.0% cap · market cap 23.36%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
159
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 66503, KS
16,565
Population
7,855
Households
2.1
Avg Household Size
36
Median Age
61%
College-Educated
98%
High-School Grad
83.2 sq mi
ZIP Area
199
Density / Sq Mi
$96,000
Median Household Income
$51,647
Median Earnings
$1,215
Median Rent
$325,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
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Similar Off Market Nearby
- MKC — 3384 Excel Rd, Manhattan, KS 66502
- Leisure Self Storage — 8405 US-24, Manhattan, KS 66502
Frequently Asked Questions
What type of property is this?
Warehouse - Industrial warehouse with dedicated offices, a bathroom, and 440-volt three-phase power.
Where is this warehouse located?
The property is located at 8900 Green Valley Dr Manhattan, KS.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 21,875‑square‑foot warehouse on 1.65 acres; 175‑foot by 125‑foot building footprint; 8‑inch thick concrete floor
