15520 College Blvd, Lenexa, KS 66219
Well-sized retail building offered for sale, totaling 20,610 square feet for income-oriented buyers.
- Added:
- Jun 16, 2026
- Days on Market:
- 5
- Last Refresh:
- Jun 20 at 2:24 am
Property Features for 15520 College Blvd
General Information
- Standard status
- Active
- Size
- 20,610 SF
- Property subtype
- Retail
Listing agent Jim Thome License #KS
Listing office Reece Commercial
Listing date Jun 16, 2026
Source Crexi
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 Reece Commercial
HighLights
- Retail building for sale totaling 20,610 sq ft
- Listed as a 6.50% cap rate property
Overview
The property is located at 15520 College Blvd in Lenexa, Kansas (66219). Because specific frontage, ingress/egress details, and nearby tenant context are not provided, prospective buyers should perform site review to confirm access points, storefront orientation, and visibility from College Blvd.
For buyers and operators evaluating retail ownership, the property’s single-building, storefront-focused configuration can support a range of retail uses consistent with its classification. The listing is presented for sale at $2,800,000, and includes a stated “6.50% CAP” figure in the public remarks; interested parties should review offering materials and confirm all financial assumptions and lease details as applicable. As with any retail investment, due diligence on current or prospective tenant requirements, unit configurations, and operating costs will be important to determine fit and expected performance.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $296.8k | $14.40 |
| − Vacancy | −$12.2k | −$0.59 |
| EGI | $284.6k | $13.81 |
| − OpEx | −$85.4k | −$4.14 |
| NOI | $199.2k | $9.67 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Lenexa
- County
- Johnson
- State
- Kansas
- Longitude
- -94.7834
- Latitude
- 38.9561
