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    23810 83 Ter Lenexa, KS 66227

    For Sale
    $4,285,000

    15,000 SF Class A Distribution Facility

    Property size:
    15,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 15,000-square-foot Class A industrial warehouse, built in 2024, is situated on a 1.75-acre lot in Lenexa, Kansas (66227). The property features seven 14' x 16' drive-through bays (14 total drive-in doors), providing ample access for trucks and equipment. The building boasts a 22-foot clear ceiling height with 24 x 24 column spacing, and includes a 1,000-square-foot office space with a common area and room for a future break room. Three bathrooms are included – two in the office and one in the shop area. The warehouse also offers a potential mezzanine above the office for additional storage. The property is equipped with 600 AMP, 480-volt, 3-phase power, built-in floor drains connected to a water separator system, and ESFR fire protection. The tilt-up concrete construction includes a new concrete pad. The office area features air conditioning and heating, while the warehouse has radiant heat. Exterior pole and wall pack lighting are also included. The roof and parking lot drainage system is designed to direct water west to a Parana that drains into an offsite detention pond. The entire property can be fenced. Tenant improvements are negotiable based on credit and terms. Asking price is $4,285,000 ($285.67/sq ft). The property is conveniently located in a cul-de-sac off 83rd Street. This is a turnkey opportunity for a truck service or maintenance facility.

    Property Features for 23810 83 Ter

    General Information

    Property type
    Distribution properties
    Square Feet
    15,000 SF
    Class
    A
    Lot Size
    76,230 SF

    Building Details

    Year Built
    2024
    Buildings
    1
    Stories
    1

    HighLights

    • Brand new truck service and maintenance facility.
    • Seven drive‑through service bays.
    • Tilt‑up concrete construction.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Auto Repair Shop Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lenexa
    County
    Johnson
    State
    Kansas
    Longitude
    -94.862313146825
    Latitude
    38.977985990492

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    FAQs

    What type of property is this?
    Distribution property - 15,000 SF Class A Distribution Facility
    Where is this distribution property located?
    The property is located at 23810 83 Ter Lenexa, KS.
    What is the asking price?
    The asking price for this property is $4,285,000.
    What are key features of this property?
    This property features: Brand new truck service and maintenance facility.; Seven drive-through service bays.; Tilt-up concrete construction.
    Request Owner's contact information
    23810 83 Ter Lenexa, KS 66227
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    23810 83 Ter Lenexa, KS 66227
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