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    15117 W 87Th Street Pkwy Lenexa, KS 66219

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    For Lease
    $18 SF/Yr ($7,500 /Mo)

    Turn-key restaurant space in a busy, highly occupied shopping center.

    Property size:
    5,000 SF
    Lot size:
    3.55 Acres

    Property Features for 15117 W 87Th Street Pkwy

    General Information

    Size
    5,000 SF
    Lot size
    3.55 Acres

    Source: Block & Company, Inc. Agent David Block

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

    Overview

    Restaurant Space in Lenexa, Kansas

    A 5,000 square foot restaurant space is available for rent in a 40,000 square foot shopping center. The shopping center is located at a corner location across from a major grocery store in Lenexa, Kansas. The intersection of 87th Street and Lackman Road sees over 34,000 cars per day, providing great signage and visibility. The shopping center is over 90% occupied. Current tenants include Rudy's Tenampa Taqueria, Westlake Hardware, and Pride Cleaners. The location benefits from excellent demographics in a busy Johnson County site.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store 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
    -94.762045
    Latitude
    38.970149

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    FAQs

    What type of property is this?
    Restaurant - Turn-key restaurant space in a busy, highly occupied shopping center.
    Where is this restaurant located?
    The property is located at 15117 W 87Th Street Pkwy Lenexa, KS.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: - High-visibility corner location at a busy intersection (34,000 cars/day) across from a major grocery store.; - Turn-key 5,000 SF restaurant space ready for immediate operation.; - Located in a highly occupied shopping center.
    (816) 753-6000
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    15117 W 87Th Street Pkwy Lenexa, KS 66219
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    Lenexa, KS 66219
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    Realmo Value Estimation

    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.

    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.

    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
    15117 W 87Th Street Pkwy Lenexa, KS 66219
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