Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Modern Office Space Available Title is generated by Realmo AI

    16025 W 113th St, Lenexa, KS

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Updated office space with modern finishes and ample parking.

    Type:OFFICE
    Property size:
    41,475 SF
    Lot size:
    9.91 Acres
    Added:
    Aug 9, 2023
    Days on Market:
    1033
    Last Refresh:
    May 20 at 9:45 pm

    Property Features for 16025 W 113th St

    General Information

    Standard status
    Active
    Size
    41,475 SF
    Lot size
    9.91 Acres
    Property subtype
    OFFICE

    Spaces For Lease

    at 16025 W 113th St Contact us

    We can help!

    Listing Contact
    RJ Trowbridge
    RJ Trowbridge

    Listing agent RJ Trowbridge License #2014004973

    Listing office JLL | Kansas City

    Listing date Aug 9, 2023

    Source Moodyscre

    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 JLL | Kansas City

    HighLights

    • Easy Access from I‑435 and I‑35
    • Adjacent to 119th Street Retail Amenities and Renner Rd Corridor
    • Updated, Modern Tenant Finishes
    • New Ownership with Capital Improvement Plans
    • Enjoy the on‑site trails and lakes
    • Large Open Glass Atrium

    Overview

    This office space, totaling 41,475 square feet, features updated and modern tenant finishes. The property includes a large open glass atrium and on-site trails and lakes. A parking ratio of 7/1,000 is available. The location provides easy access to I-435 and I-35 and is adjacent to 119th Street retail amenities and the Renner Rd Corridor. An on-campus event space, Thompson Barn, is also available. The property has new ownership with capital improvement plans.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Hotel & Motel Pharmacy Department Store Discount Store Electronics & Wireless Store Grocery & Convenience Store Travel Agency Pet Grooming Service Mobile Phone Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Lenexa
    County
    Johnson
    State
    Kansas
    Longitude
    -94.7834
    Latitude
    38.9561

    Nearby Similar for Lease

    • Sponsored
      $119-$2,446/Mo
      11-1,292 SF

      KS, Lenexa - W 95th St

      12345 95Th St, Unit 2ND, Lenexa, KS 66215
      View Details
    • Contact for pricing
      1,050 SF

      Retail Suite with Combination Opportunity

      Versatile 1,050 sf retail suite, expandable by combining with adjacent space.
      12106 W 87th Street Parkway, Lenexa, KS 66215
      View Details
    • $11 SF/Yr
      10,548 SF

      Lenexa Flex Space Available

      Flex space with office build-out and highway access.
      14115 - 14107 W 95th St, Lenexa, KS 66215
      View Details
    • $27 SF/Yr
      1,042 SF

      Lenexa Retail Space For Rent

      Retail space available in a premier Kansas City shopping center.
      9660-9676 Quivira Rd, Lenexa, KS
      View Details
    • $25 SF/Yr
      3,082 SF

      Lenexa Office Space for Lease

      Class A office space in Lenexa City Center neighborhood.
      9401 Renner Blvd, Lenexa, KS
      View Details
    • Contact for pricing
      9,050 SF

      Lenexa Office Space For Lease

      Office space available for lease in Lenexa, Kansas.
      16025 W 113th St, Lenexa, KS 66219
      View Details
    • $16 SF/Yr
      3,806 SF

      Lenexa Office Space Available

      3,806 SF office space for sublease in Lenexa, Kansas.
      11900 W 87th St, Lenexa, KS
      View Details
    • Contact for pricing
      19,871 SF

      Lenexa Flex R&D Space

      Flex R&D space available for lease in Lenexa, Kansas.
      16801-16817 College Blvd, Lenexa, KS 66219
      View Details
    • Contact for pricing
      6,566 SF

      Lenexa Office Space For Lease

      Office space available for lease in Lenexa, Kansas.
      16011 College Blvd, Lenexa, KS 66219
      View Details
    • $12 SF/Yr
      3,672 SF

      Lenexa Office Space For Rent

      Office space available in Lenexa with frontage to College Boulevard.
      15520 College Blvd, Lenexa, KS
      View Details
    • Contact for pricing

      KS, Lenexa -W 84th Terrace

      10901 84 Ter, Lenexa, KS 10901
      View Details
    • $20 SF/Yr
      19,482 SF

      Medical Office Space For Lease

      Medical office space for lease on AdventHealth Lenexa campus.
      23401 Prairie Star Pkwy, Lenexa, KS
      View Details

    FAQs

    What type of property is this?
    Office units - Updated office space with modern finishes and ample parking.
    Where is this office units located?
    The property is located at 16025 W 113th St Lenexa, KS.
    What is the lease rate?
    The lease rate is $23 SF/Yr.
    What are key features of this property?
    This property features: Easy Access from I‑435 and I‑35; Adjacent to 119th Street Retail Amenities and Renner Rd Corridor; Updated, Modern Tenant Finishes
    (913) 469-4600 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing RJ Trowbridge
    RJ Trowbridge
    Real Estate License ID: 2014004973
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    16025 W 113th St, Lenexa, KS
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!