Retail Property with
For Sale
Contact for pricing
15520 College Blvd, Lenexa, KS 66219
Well-sized retail building offered for sale, totaling 20,610 square feet for income-oriented buyers.
Property Size20,610 SF
Price / SF$135.86
Days on Market51
Property Features for 15520 College Blvd
General Information
Standard status
Active
Size
20,610 SF
Property subtype
Retail
Additional Details
Cap Rate
6.5%
Listing Agency:
Reece Commercial
Listed By:
Jim Thome · License #KS
Source:
Crexi
Added: Jun 16
Changed: Jul 10
Last Checked: Aug 4 at 1:32PM
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
Investment Insights
Based on property information with market context.
This retail property consists of 20,610 square feet and is offered for sale. The asset is categorized as retail/storefront commercial real estate, suited for tenants seeking a dedicated retail setting within a defined building footprint.
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.
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.
Key Highlights
- Retail building for sale totaling 20,610 sq ft
- Listed as a 6.50% cap rate property
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 |
20,610 SF · lease $14.40/SF/yr · vacancy 4.10% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.85M
$2.49M – $3.32M
NOI $199,231 @ 7.0% cap · market cap 7.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.99M
$4.36M – $5.82M
NOI $349,160 @ 7.0% cap · market cap 12.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
381
Businesses Nearby
Explore this area
Business Placement
Demographics for 66219, KS
13,378
Population
7,044
Households
1.9
Avg Household Size
36
Median Age
55%
College-Educated
98%
High-School Grad
8.3 sq mi
ZIP Area
1,612
Density / Sq Mi
$91,144
Median Household Income
$59,148
Median Earnings
$1,458
Median Rent
$370,500
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - Well-sized retail building offered for sale, totaling 20,610 square feet for income-oriented buyers.
Where is this retail space located?
The property is located at 15520 College Blvd Lenexa, KS.
What is the asking price?
The asking price for this property is $2,800,000.
What are key features of this property?
This property features: Retail building for sale totaling 20,610 sq ft; Listed as a 6.50% cap rate property
