Flex Industrial Building with
For Sale
Contact for pricing
9511 Legler Rd, Lenexa, KS 66219
Concrete-tilt construction combines office, conditioned production, showroom, and warehouse areas.
Property Size53,700 SF
Price / SF$184.82
Days on Market179
Property Features for 9511 Legler Rd
General Information
Standard status
Active
Size
53,700 SF
Class
Class A
Property subtype
INDUSTRIAL
Warehouse & Industrial
Clear Height
28 ft
Warehouse Space
25,500 SF
Office Build-Out
10,000 SF
Dock-High Doors
2
Drive-In Doors
2
Sprinkler System
Yes
Additional Details
Road Access
Yes
Building Details
Year Built
2016
Buildings
1
Building Size
53,700 SF
Construction
tilt-up concrete
Listing Agency:
Colliers | Fort Myers
(239) 418-0300
Listed By:
John Stafford, SIOR
(913) 461-5229
Source:
Moodyscre
Added: Apr 20
Changed: Oct 9
Last Checked: Oct 15 at 1:39AM
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.
Located at 9511 Legler Rd in Lenexa, this 53,700± SF flex industrial building was constructed in 2016 using concrete tilt construction. The property includes 10,000± SF of general office space, 18,200± SF of showroom and production area, and 25,500± SF of warehouse space. The showroom and production area is fully conditioned and offers approximately 28’ of clear height.
Loading is configured with two 9’x10’ dock doors and two 12’x14’ drive-in doors. An ESFR sprinkler system supports the industrial layout, while existing furniture and racking are available. Occupancy is expected approximately April 2027, with the current owner expanding or relocating.
Loading is configured with two 9’x10’ dock doors and two 12’x14’ drive-in doors. An ESFR sprinkler system supports the industrial layout, while existing furniture and racking are available. Occupancy is expected approximately April 2027, with the current owner expanding or relocating.
Key Highlights
- 53,700± SF flex industrial building at 9511 Legler Rd, Lenexa, KS 66219
- 10,000± SF of general office space
- 18,200± SF showroom and production area; 100% conditioned with 28’± clear height
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$740,493
Cap Rate
7.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$14,809,860
$14.8M
Cap Rate 7%
$10,578,471
$10.6M
Cap Rate 9%
$8,227,700
$8.2M
Market Conditions
NOI Build-Up for 53,700 SF
Gross rent
$1.24M $23.04/SF
− Vacancy
−$249.9K −$4.65/SF
EGI
$987.3K $18.39/SF
− OpEx
−$246.8K −$4.60/SF
NOI
$740.5K $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 Rate 5%
$14,809,860
Cap Rate 7%
$10,578,471
Cap Rate 9%
$8,227,700
Alternative Uses
Best Use
Office B
$10.58M
$9.26M – $12.34M
NOI $740,493 @ 7.0% cap · market cap 7.46%
Second Best
Warehouse
$3.49M
$3.05M – $4.07M
NOI $244,380 @ 7.0% cap · market cap 2.46%
Theoretical Best
Office A
$13.00M
$11.37M – $15.16M
NOI $909,748 @ 7.0% cap · market cap 9.17%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
28 ft
Clear height
2
Dock-high doors
2
Drive-in doors
Yes
Sprinkler system
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
360
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 66219, KS
13,378
Population
7,044
Households
1.9
Avg Household Size
36
Median Age
55%
College-Educated
98%
High-School Grad
8.3 sq mi
ZIP Area
1,612
Density / Sq Mi
$91,144
Median Household Income
$59,148
Median Earnings
$1,458
Median Rent
$370,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Flex space - Concrete-tilt construction combines office, conditioned production, showroom, and warehouse areas.
Where is this flex space located?
The property is located at 9511 Legler Rd Lenexa, KS.
What is the asking price?
The asking price for this property is $9,925,000.
What are key features of this property?
This property features: 53,700± SF flex industrial building at 9511 Legler Rd, Lenexa, KS 66219; 10,000± SF of general office space; 18,200± SF showroom and production area; 100% conditioned with 28’± clear height
