Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Piper Area Homesite Opportunity Title is generated by Realmo AI

    LOT#2 LEAVENWORTH Road, Kansas City, KS 66109

    View on Map
    Claim this Listing
    For Sale
    $230,000

    LAND - Kansas City, KS

    Lot size:
    3.01 Acres
    Added:
    Mar 21, 2026
    Days on Market:
    76
    Last Refresh:
    Jun 4 at 8:06 am

    Property Features for LOT#2 LEAVENWORTH Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    R
    Vegetation
    Partially Wooded
    Standard status
    Active
    Lot size
    3.01 Acres

    Taxes and HOA fees

    Tax Description
    SEE NEW PLAT / LOT #2
    Tax Annual Amount
    100

    Utilities

    Utilities
    Natural Gas Available
    Sewer type
    Septic Tank
    Water source
    Public

    We can help!

    Listing Contact
    Kim Brown
    Kim Brown

    Listing agent Kim Brown License #00244408

    Listing office ReeceNichols -Johnson County W 10592 S Ridgeview Rd, Olathe, KS

    Listing date Mar 21, 2026

    MLS# 2608389 Listing URL

    Copyright © 2026 Heartland Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Rare 3‑acre homesite in the desirable Piper area with no HOA, offering privacy and freedom.
    • Exclusive partnership with award‑winning custom home builder, JHR Building Company, for a seamless and client‑centered building experience.
    • Flexibility to choose from curated floor plans or bring your own custom design.
    • Located minutes from The Legends, providing convenient access to shopping, dining, and entertainment.
    • Situated in the award‑winning Piper School District.
    • Opportunity to build a detached shop, outbuilding, or additional garage.

    Overview

    This 3.01-acre homesite, located off 123rd & Leavenworth Road in the Piper area of Kansas City, KS, presents an opportunity to build a custom home. The property is situated minutes from The Legends, offering a blend of convenience and privacy. Buyers have the option to select from curated floor plans or bring their own design. The location provides easy access to shopping, dining, entertainment, and major highways. Located in the Piper School District, this homesite offers the perfect blend of convenience and tranquility. The absence of an HOA provides flexibility in building, including the option for a detached shop, outbuilding, or additional garage.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Auto Parts Store Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Kansas City
    County
    Wyandotte
    State
    Kansas
    Longitude
    -94.8685492
    Latitude
    39.1428526

    Nearby Similar for Sale

    • $3,500,000
      9,820 SF

      Renovated Truck Shop on 2.13 Acres

      Renovated 7-bay truck shop with office on 2.13 acres.
      336 S 42nd Street, Kansas City, KS 66106
      View Details
    • $300,000

      Historic Commercial Building, Kansas City

      Unique commercial property near Downtown with on-site parking.
      1200 Argentine Boulevard, Kansas City, KS 66105
      View Details
    • $600,000
      2,000 SF

      Mixed-Use Building in Prime Location

      Mixed-use commercial building with established tenants and residential apartments.
      11 S 17th Street, Kansas City, KS 66102
      View Details
    • $259,000
      1,560 SF

      Kansas City Duplex Investment

      Fully occupied duplex in Kansas City with immediate cash flow.
      1505-7 N 63 Terrace, Kansas City, KS 66102
      View Details
    • $350,000
      2,436 SF

      Versatile Commercial Property on Washington Blvd

      Three-unit commercial property suitable for various business types.
      1645 Washington Boulevard, Kansas City, KS 66102
      View Details
    • $4,270,000

      Prime Commercial Land Opportunity

      7+ acre commercial land near Legends Outlet Mall.
      1901 N 100th Terrace, Kansas City, KS 66109
      View Details
    • $350,000
      8,000 SF

      Mixed-Use Investment Opportunity

      Kansas City mixed-use property with residential and commercial units.
      1306 Wood Avenue, Kansas City, KS 66104
      View Details
    • $1,100,000

      High-Visibility Commercial Property in Kansas

      Commercial property with income potential in Kansas City.
      1320 N Central Avenue, Kansas City, KS 66102
      View Details
    • $250,000

      Versatile Commercial Building in Kansas

      Two-story commercial building with gated parking and tenant income.
      413 Kansas Avenue, Kansas City, KS 66105
      View Details
    • $729,000

      Three Townhomes Investment Opportunity

      Three well-maintained townhomes with strong rental potential in Kansas City.
      631-35 N 74 Street, Kansas City, KS 66112
      View Details
    • $249,900

      Income-Producing Duplex in Kansas City

      Well-maintained duplex with strong rental history and recent updates.
      3013 (3015) N 53rd Street, Kansas City, KS 66104
      View Details
    • $650,000

      Prime Commercial Land in Kansas

      7-acre wooded commercial lot with endless potential in Kansas.
      3138 N 59th Street, Kansas City, KS 66104
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Rare 3-acre homesite in Kansas City, KS.
    Where is this residential land & home lot located?
    The property is located at LOT#2 LEAVENWORTH Road Kansas City, KS.
    What is the asking price?
    The asking price for this property is $230,000.
    What are key features of this property?
    This property features: Rare 3‑acre homesite in the desirable Piper area with no HOA, offering privacy and freedom.; Exclusive partnership with award‑winning custom home builder, JHR Building Company, for a seamless and client‑centered building experience.; Flexibility to choose from curated floor plans or bring your own custom design.
    (913) 954-8352
    We can help!
    Listing Contact
    Kim Brown
    Kim Brown
    Real Estate License ID: 00244408
    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
    (LOT#2) LEAVENWORTH Road, Kansas City, KS 66109
    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!