Industrial Flex Building with
For Sale
Contact for pricing
8915 Lenexa Dr, Overland Park, KS 66214
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 Market192
Property Features for 8915 Lenexa Dr
General Information
Standard status
Active
Size
52,492 SF
Total Parking Spaces
216
Lot size
4.29 Acres
Property subtype
FLEX_R_AND_D
Zoning
M-1
Site & Location
Neighborhood
Congleton Industrial Park
Highway Access
Yes
Road Access
Yes
Warehouse & Industrial
Clear Height
16 ft
Dock-High Doors
4
Column Spacing
38 x 40 ft
Heavy Power
Yes
Sprinkler System
Yes
Building Details
Buildings
1
Building Size
52,492 SF
Listing Agency:
Colliers | Fort Myers
(239) 418-0300
Listed By:
John Stafford, SIOR
(913) 461-5229
Source:
Moodyscre
Added: Apr 20
Changed: Oct 26
Last Checked: Oct 26 at 8:30PM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$414,351
Cap Rate
7.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,287,020
$8.3M
Cap Rate 7%
$5,919,300
$5.9M
Cap Rate 9%
$4,603,900
$4.6M
Market Conditions
NOI Build-Up for 52,492 SF
Gross rent
$692.9K $13.20/SF
− Vacancy
−$55.4K −$1.06/SF
EGI
$637.5K $12.14/SF
− OpEx
−$223.1K −$4.25/SF
NOI
$414.4K $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 Rate 5%
$8,287,020
Cap Rate 7%
$5,919,300
Cap Rate 9%
$4,603,900
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.
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Current Use
Lease Details
16 ft
Clear height
4
Dock-high doors
Yes
Heavy power
Yes
Sprinkler system
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,429
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
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Market
Vacancy Rate% for Office in Midwest region
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
