Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    9854 W Greeley St Lenexa, KS 66227

    Sponsored
    For Sale
    $515,000

    DUPLEX - Other - Lenexa, KS

    Type:Townhouse
    Property size:
    2,125 SF
    Days on Market:
    13
    Last Refresh:
    Jan 26 at 4:06 pm

    Property Features for 9854 W Greeley St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Townhouse
    Property condition
    Under Construction
    Standard status
    Active
    Rooms
    Dining Room, Basement, Bedroom 2, Bathroom 2, Bathroom 3, Bedroom 1, Bathroom 1, Game Room, Bedroom 3
    Bedrooms
    3
    Bathrooms
    3
    APN
    IP84440000-0004
    Parking features
    Driveway
    Patio and Porch features
    Deck
    Interior features
    Ceiling Fan(s), Kitchen Island, Painted Cabinets, Pantry, Walk-In Closet(s)
    Fireplace
    1
    Basement
    Finished
    Appliances
    Cooktop, Dishwasher, Disposal, Exhaust Fan, Humidifier, Microwave, Gas Range, Stainless Steel Appliance(s)
    Size
    2,125 SF

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas
    Cooling system
    Electric
    Water source
    Public

    Building Details

    Year built
    2026
    Flooring type
    Carpet, Tile, Wood
    Building materials
    Stucco & Frame
    Roof type
    Composition
    Architectural style
    Other

    We can help!

    Listing Contact
    Mandy Menghini

    REALTY EXECUTIVES of Kansas City (913) 642-4888

    Listing agent Mandy Menghini (913) 642-4888

    Listing date Jan 14, 2026

    MLS# 2596094 Listing URL

    Copyright © 2026 Heartland Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    New Construction Twin Villas Duplex

    This new construction twin villa duplex, built by Covenant Homes, is part of a community featuring 22 villas with an estimated completion in early May 2026. The property includes a 2-car garage, 2 bedrooms on the main floor, and laundry facilities. There is an optional upgrade to a 4th bedroom in the basement available before framing. Lawn service is included in the monthly HOA.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential income properties

    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
    -94.866311
    Latitude
    38.957035

    Nearby Similar for Sale

    • $335,000
      Pending

      Lenexa Duplex with Basement

      Lenexa duplex featuring a full unfinished basement and fenced yard.
      12894 W 93 Ter, Lenexa, KS 66215
      View Details
    • $415,000
      0.53 Acres

      Lenexa Commercial Space with Potential

      Commercial space in Lenexa, zoned CP1, with business and residential potential.
      10200 Pflumm Rd, Lenexa, KS 66215
      View Details
    • $515,000
      2,125 SF

      New Construction Twin Villas Duplex

      New construction duplex villas with lawn service included in HOA.
      9852 W Greeley St, Lenexa, KS 66227
      View Details
    • $360,000
      2,453 SF

      Remodeled Duplex in Lenexa, Kansas

      Completely remodeled duplex with a two-car garage in Lenexa.
      12521 W 85 Ter, Lenexa, KS 66215
      View Details
    • $285,000
      1,343 SF

      Charming Home in Lenexa, Kansas

      Updated home in a prime location with many recent improvements.
      8815 Cottonwood St, Lenexa, KS 66215
      View Details
    • $284,500
      1,484 SF

      Updated Duplex on Corner Lot

      Updated Lenexa duplex with green space, modern amenities, and convenience.
      14101 W 88Th Pl, Lenexa, KS 66215
      View Details
    • $269,900
      1,540 SF

      Remodeled Lenexa Home with Deck

      Move-in ready Lenexa home featuring high-end upgrades and a deck.
      10186 Haskins St, Lenexa, KS 66215
      View Details
    • $205,000
      1,341 SF

      Lenexa Duplex in Shawnee Mission

      Duplex in Lenexa, Shawnee Mission school district, TLC potential.
      7504 Monrovia St, Lenexa, KS 66216
      View Details
    • $215,000
      1,341 SF

      Lenexa Duplex with Basement Garage

      Duplex in Lenexa, Shawnee Mission schools, with basement garage.
      7502 Monrovia St, Lenexa, KS 66216
      View Details
    • $515,000
      Pending

      Lenexa Duplex For Sale

      Duplex property in Lenexa, Kansas, estimated to close 6/2026.
      9862 W Greeley St, Lenexa, KS 66227
      View Details
    • $490,000
      Pending

      Lenexa Duplex For Sale

      Duplex property in Lenexa, Kansas, sold before processing.
      24111 W 95Th Ln, Lenexa, KS 66227
      View Details
    • $490,000
      Pending

      Lenexa Duplex For Sale

      Duplex located in Lenexa, Kansas with 2,143 square feet.
      24109 W 95Th Ln, Lenexa, KS 66227
      View Details

    FAQs

    What type of property is this?
    Residential income property - New construction duplex in Lenexa, est. completion May 2026.
    Where is this residential income property located?
    The property is located at 9854 W Greeley St Lenexa, KS.
    What is the asking price?
    The asking price for this property is $515,000.
    What are key features of this property?
    This property features: - New Construction by Covenant Homes, estimated completion early May 2026.; - Lawn service included in HOA.; - 2-Car Garage.
    (913) 642-4888
    Request Owner's contact information
    9854 W Greeley St Lenexa, KS 66227
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    9854 W Greeley St
    Lenexa, KS 66227
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    9854 W Greeley St Lenexa, KS 66227
    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
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Mandy Menghini
    (913) 642-4888
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.