Property profile

16701 116th St Lenexa, KS 66219

OFF-MARKET
Warehouses
Property ID
US33-0284049
11,982 SF 1.27 ac lot Built 2004
Entity Owned 5-yr Hold ~ Est. High Equity
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional 11,982-square-foot flex space industrial building, constructed in 2005, is situated on a 1.27-acre lot in Lenexa, Kansas, within the BP-1 ‘Planned Business Park’ zoning district. The property boasts high-quality masonry construction and offers a desirable blend of office and warehouse space. Approximately 80% of the building is dedicated to well-finished office space, featuring a mix of private offices and open work areas. The remaining space comprises a large, fully air-conditioned production or assembly area, ideal for businesses requiring climate-controlled environments. The building is equipped with heavy power, making it suitable for a variety of industrial uses. Loading capabilities include one drive-in loading door and one van-high loading door. Ample parking is provided with 37 designated spaces. The property enjoys excellent access to major transportation arteries, I-35 and I-435, offering convenient logistics and commuting options. The asking price for this turnkey industrial property is $2,200,000. The 16-foot ceiling height adds to the functionality and versatility of the space. This property presents a unique opportunity for businesses seeking a well-maintained, strategically located industrial facility in a thriving Kansas City suburb.

Property profile

Verified
Property type Warehouses
Use group MINI-WAREHOUSE, STORAGE
Year built 2004
Construction CONCRETE BLOCKS
Total area 11,982 SF
Lot 1.27 ac (55,321 SF)
Zoning code BP1
APN IP63900000 0004
UPID US33-0284049

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

16701 116th St Lenexa, KS 66219-9602
Lenexa metro Census 52910 KANSAS CITY, MO-KS METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$655k
CAP Approach CAP
$695k
Comparable Approach Comparable
$489k
Blend (final) Blend
$655k

Owner & transaction history

since 2021
1 recorded transaction
2021
Price N/A

Zoning & alternative use

BP1 · Lenexa, KS
Top alternative use upside
Retail stores $885,000 +169.9%
Auto repair, garage $875,000 +166.3%
Neighborhood: shopping center $805,000 +145.2%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 16701 116th St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message