Industrial Flex Building with
8915 Lenexa Dr Overland Park, KS 66214
For Sale
Contact for pricing
52,492 SF flex/industrial building with fully conditioned office space and dock-high loading, on 4.29 acres off I-35.
Property Size52,492 SF
Lot Size4.29 Acres
Price / SF$100.02
Days on Market101
Property Features for 8915 Lenexa Dr
General Information
Standard status
Active
Size
52,492 SF
Lot size
4.29 Acres
Property subtype
FLEX_R_AND_D
Listing Agency:
Colliers | Fort Myers
(913) 461-5229
Listed By:
John Stafford, SIOR
(913) 461-5229
Source:
Moodyscre
Added: Apr 20
Changed: Jul 29
Last Checked: Jul 29 at 7:18AM
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 | Fort Myers
Investment Insights
Based on property information with market context.
This 52,492-square-foot industrial flex building is currently 95% office and is fully conditioned throughout. The facility offers heavy power, wet sprinkler protection, and a clear height of 16 feet, supported by 38’ x 40’ column spacing. Loading includes four dock-high doors, and the site is served by 216 parking spaces.
Located at 8915 Lenexa Dr in Overland Park, KS, the property has direct frontage and visibility to I-35, supporting strong access and exposure. The site totals 4.29 acres and is zoned M-1. The building is offered for sale or lease, with lease terms noted as $6.00/SF, NNN, and estimated NNN expenses including taxes at $1.54/SF and insurance at $0.32/SF (CAM tenant to self-perform).
Located at 8915 Lenexa Dr in Overland Park, KS, the property has direct frontage and visibility to I-35, supporting strong access and exposure. The site totals 4.29 acres and is zoned M-1. The building is offered for sale or lease, with lease terms noted as $6.00/SF, NNN, and estimated NNN expenses including taxes at $1.54/SF and insurance at $0.32/SF (CAM tenant to self-perform).
Key Highlights
- 52,492 SF building on a 4.29‑acre site with direct frontage and visibility to I‑35
- Currently 95% office with fully conditioned HVAC and clear height of 16'
- 4 dock‑high loading doors and 38' x 40' column spacing
Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $692.9k | $13.20 |
| − Vacancy | −$55.4k | −$1.06 |
| EGI | $637.5k | $12.14 |
| − OpEx | −$223.1k | −$4.25 |
| NOI | $414.4k | $7.89 |
52,492 SF · lease $13.20/SF/yr · vacancy 8.00% · expense 35.00%
Alternative Uses
Best Use
Office B
$9.51M
$8.32M – $11.09M
NOI $665,533 @ 7.0% cap · market cap 12.68%
Second Best
Flex RnD
$5.92M
$5.18M – $6.91M
NOI $414,351 @ 7.0% cap · market cap 7.89%
Theoretical Best
Office A
$13.52M
$11.83M – $15.78M
NOI $946,746 @ 7.0% cap · market cap 18.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- Geaux Catering — 8395 Melrose Dr, Lenexa, KS 66214
Frequently Asked Questions
What type of property is this?
Flex space - 52,492 SF flex/industrial building with fully conditioned office space and dock-high loading, on 4.29 acres off I-35.
Where is this flex space located?
The property is located at 8915 Lenexa Dr Overland Park, KS.
What is the asking price?
The asking price for this property is $5,250,000.
What are key features of this property?
This property features: 52,492 SF building on a 4.29‑acre site with direct frontage and visibility to I‑35; Currently 95% office with fully conditioned HVAC and clear height of 16'; 4 dock‑high loading doors and 38' x 40' column spacing
