Flex Space
New
For Sale
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9025 Rosehill Road, Lenexa, KS 66215
Compact commercial space suited to flexible business operations.
Property Size2,924 SF
Price / SF$188.10
Days on Market5
Property Features for 9025 Rosehill Road
General Information
Standard status
Active
Size
2,924 SF
Property subtype
Industrial, Office
Listed By:
Mason Close · License #00253370
Source:
Crexi
Added: Sep 2
Changed: Sep 5
Last Checked: Sep 5 at 3:39PM
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 Mason Close
Investment Insights
Based on property information with market context.
This flex space property contains 2,924 square feet and is located at 9025 Rosehill Road in Lenexa, Kansas. The asset is identified for industrial-oriented commercial use within a broader flex-space classification.
Key Highlights
- 2,924 square feet of flex space
- Located at 9025 Rosehill Road, Lenexa, KS 66215
- Industrial‑oriented commercial property
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
$40,320
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
7.33%
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%
$806,400
$806.4K
Cap Rate 7%
$576,000
$576.0K
Cap Rate 9%
$448,000
$448.0K
Market Conditions
NOI Build-Up for 2,924 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
$67.4K $23.04/SF
− Vacancy
−$13.6K −$4.65/SF
EGI
$53.8K $18.39/SF
− OpEx
−$13.4K −$4.60/SF
NOI
$40.3K $13.79/SF
Area
Johnson County, KS
Vacancy
20.20%
Lease Rate
$23.04 /SF/Yr
Expense Ratio
25.00%
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%
$806,400
Cap Rate 7%
$576,000
Cap Rate 9%
$448,000
Alternative Uses
Best Use
Office B
$576.0K
$504.0K – $672.0K
NOI $40,320 @ 7.0% cap · market cap 7.33%
Second Best
Industrial
$157.1K
$137.4K – $183.2K
NOI $10,994 @ 7.0% cap · market cap 2.00%
Theoretical Best
Office A
$707.7K
$619.2K – $825.6K
NOI $49,536 @ 7.0% cap · market cap 9.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,463
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 66215, KS
26,351
Population
11,945
Households
2.2
Avg Household Size
40
Median Age
51%
College-Educated
96%
High-School Grad
8.1 sq mi
ZIP Area
3,253
Density / Sq Mi
$89,065
Median Household Income
$48,448
Median Earnings
$1,420
Median Rent
$311,600
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Similar Off Market Nearby
- Bo Lings — 9576 Quivira Rd, Lenexa, KS 66215
- Hy-Vee Catering — 13400 W 87th St, Lenexa, KS 66215
Frequently Asked Questions
What type of property is this?
Flex space - Compact commercial space suited to flexible business operations.
Where is this flex space located?
The property is located at 9025 Rosehill Road Lenexa, KS.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 2,924 square feet of flex space; Located at 9025 Rosehill Road, Lenexa, KS 66215; Industrial‑oriented commercial property
