Add Listing
    For Lease
    • 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

    11215 Shawnee Mission Pkwy Shawnee, KS 66203

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    35,499 SF retail space available for lease.

    Property Features for 11215 Shawnee Mission Pkwy

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    Holly Mills
    Holly Mills
    Source: Crexi

    Listing Agency: Crossroads Real Estate Group Listing Agent: Holly Mills

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Retail Space at Parkway Center

    Located at Parkway Center, this retail space offers 35,499 square feet for lease. The property is suitable for commercial real estate purposes.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Shawnee
    County
    Johnson
    State
    Kansas
    Longitude
    -94.7068
    Latitude
    39.0213

    Nearby Similar for Lease

    • $22 SF/Yr
      43,560 SF

      Retail Space in Shawnee, Kansas

      Retail space with highway visibility, suitable for retail or office.
      16310 W 65 Dr, Shawnee, KS 66217
      View Details
    • Contact for pricing
      1,078 SF

      Retail Spaces in Shawnee Center

      Retail spaces available in Price Chopper anchored neighborhood center.
      22056 W 66 Ter, Shawnee, KS
      View Details
    • Contact for pricing
      1,825 SF

      Retail Space in Shawnee Center

      Retail spaces available in a Price Chopper-anchored neighborhood center.
      22330 W 66 Ter, Shawnee, KS
      View Details
    • Contact for pricing
      10,000 SF

      Retail Space in Growing Area

      Retail and restaurant spaces available in a growing Shawnee area.
      W 66 Ter, Shawnee, KS
      View Details
    • Contact for pricing
      1,700 SF

      Shawnee Office Space For Rent

      Office space for rent with convenient parking and local management.
      12510 West 62 Ter, Shawnee, KS
      View Details
    • Contact for pricing
      2,471 SF

      Shawnee Office Space For Rent

      Office space available in amenity-rich Shawnee location.
      21911 W 66 Ter, Shawnee, KS
      View Details
    • Contact for pricing

      Westlink Industrial Park Opportunity

      Industrial and warehouse spaces available for lease in Shawnee, KS.
      Westlink Industrial Park, Shawnee, KS 66226
      View Details
    • Contact for pricing
      1,377 SF

      Retail Space Near Shawnee Parkway

      Highly visible retail space with excellent access and demographics.
      16010 W 65 Dr, Shawnee, KS
      View Details
    • Contact for pricing
      3,800 SF

      Shawnee Flex Space Available

      Flex and office spaces for lease in Shawnee, Kansas.
      4311 Merriam Dr, Shawnee, KS
      View Details
    • Contact for pricing
      2,072 SF

      Retail Space in Shawnee, Kansas

      2,072 SF retail space available for lease.
      11111 Johnson Dr, Shawnee, KS
      View Details
    • Contact for pricing

      Restaurant Space with Established Kitchen

      Restaurant space with large kitchen and high-visibility signage.
      10919 Shawnee Mission Pkwy, Shawnee, KS 66203
      View Details
    • Contact for pricing

      Retail Space on Midland Drive

      Retail space available with excellent visibility and convenient highway access.
      16629 Midland Dr, Shawnee, KS 66217
      View Details

    FAQs

    What type of property is this?
    Retail space - 35,499 SF retail space available for lease.
    Where is this retail space located?
    The property is located at 11215 Shawnee Mission Pkwy Shawnee, KS.
    What are key features of this property?
    This property features: - 35,499 SF Retail Space Available; - Retail Space for Lease; - Parkway Center Location
    Request Owner's contact information
    11215 Shawnee Mission Pkwy Shawnee, KS 66203
    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.
    11215 Shawnee Mission Pkwy
    Shawnee, KS 66203
    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
    11215 Shawnee Mission Pkwy Shawnee, KS 66203
    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
    Holly Mills
    Holly Mills
    Real Estate License ID: 2004031968
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!