Two-Bedroom Half
For Sale
$250,000
10809 HASKINS Street, Lenexa, KS 66210
Two-level residence with a loft, fenced yard, deck, garage, and unfinished basement.
Property Size1,396 SF
Days on Market30
Property Features for 10809 HASKINS Street
General Information
Standard status
Active
Size
1,396 SF
Property subtype
Duplex
Units
Unit Mix
1 x 2BR/2.5BA
Multifamily Units
1
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$3,266
Amenities
fireplace
deck
fenced backyard
unfinished basement
garage
Building Details
Building Size
1,396 SF
Year Built
1983
Stories
2
Listing Agency:
Quinn Real Estate Co
Listed By:
Lori Barngrover · License #SP00222274
(913) 681-1230
Source:
Heartland-realty
Added: Aug 5
Changed: Aug 31
Last Checked: Aug 31 at 5:09PM
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 Quinn Real Estate Co
Investment Insights
Based on property information with market context.
This 1983 half duplex provides a two-bedroom, 2.5-bath layout arranged across two levels. The main floor includes hardwood flooring, a vaulted living room with fireplace, and an open kitchen and dining area. A half bath, laundry closet, and garage access are positioned near the kitchen. Upstairs, both bedrooms connect to full baths, while a loft adds flexible interior space. The unfinished basement provides storage and room for future expansion.
Outdoor features include a back deck and a large fenced backyard with a mature shade tree. The property is near Johnson County Community College, schools, parks, shopping, restaurants, and major highways, with the address at 10809 HASKINS Street in Lenexa, Kansas.
Outdoor features include a back deck and a large fenced backyard with a mature shade tree. The property is near Johnson County Community College, schools, parks, shopping, restaurants, and major highways, with the address at 10809 HASKINS Street in Lenexa, Kansas.
Key Highlights
- Two‑bedroom, 2.5‑bath half duplex built in 1983
- Hardwood floors, vaulted living room, and fireplace on the main level
- Open kitchen and dining area with deck access
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
$14,033
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
5.61%
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%
$280,660
$280.7K
Cap Rate 7%
$200,471
$200.5K
Cap Rate 9%
$155,922
$155.9K
Market Conditions
NOI Build-Up for 1,396 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
$26.5K $18.96/SF
− Vacancy
−$953 −$0.68/SF
EGI
$25.5K $18.28/SF
− OpEx
−$11.5K −$8.22/SF
NOI
$14.0K $10.05/SF
Area
Johnson County, KS
Vacancy
3.60%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
45.00%
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%
$280,660
Cap Rate 7%
$200,471
Cap Rate 9%
$155,922
Alternative Uses
Best Use
Apartment 5plus
$200.5K
$175.4K – $233.9K
NOI $14,033 @ 7.0% cap · market cap 5.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$337.9K
$295.6K – $394.2K
NOI $23,650 @ 7.0% cap · market cap 9.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
514
Businesses Nearby
Explore this area
Business Placement
Demographics for 66210, KS
19,057
Population
9,700
Households
2
Avg Household Size
39
Median Age
62%
College-Educated
98%
High-School Grad
6.1 sq mi
ZIP Area
3,124
Density / Sq Mi
$93,368
Median Household Income
$54,948
Median Earnings
$1,407
Median Rent
$345,200
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Two-level residence with a loft, fenced yard, deck, garage, and unfinished basement.
Where is this residential income property located?
The property is located at 10809 HASKINS Street Lenexa, KS.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Two‑bedroom, 2.5‑bath half duplex built in 1983; Hardwood floors, vaulted living room, and fireplace on the main level; Open kitchen and dining area with deck access
