Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    135th St & Msn Rd Leawood, KS 66209

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Prime Leawood retail space, 1,027 sq ft.

    Lot size:
    1,027 SF

    Property Features for 135th St & Msn Rd

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,027 SF

    Spaces For Lease

    at 135th St & Msn Rd, Leawood, KS 66209 Contact us

    We can help!

    Listing Contact
    Erin Johnston
    Erin Johnston

    Listing Agency: Copaken Brooks Listing Agent: Erin Johnston

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

    Learn more

    Overview

    This exceptional 1,027-square-foot retail space is located within Market Square, a prestigious shopping center in Leawood, Kansas. Situated at the northeast corner of 135th Street and Mission Road, this property boasts excellent visibility and accessibility in a high-income area. The center is anchored by Price Chopper, drawing over 25,000 shoppers weekly. Current tenants include a diverse mix of businesses, such as Infinite Fitness, Lancaster Liquors, and several restaurants. The property sits on a 1.05-acre lot and offers ample surface parking with approximately 845 spaces. The zoning is CP-O, Planned Office Building District, offering flexibility for potential development. This fully vacant space presents a unique opportunity for a business seeking a prominent location in a thriving retail environment. The property's address is 135th Street & Mission Rd, Leawood, KS 66209, within Johnson County.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Leawood
    County
    Johnson
    State
    Kansas
    Longitude
    -94.6305596
    Latitude
    38.8838497

    Nearby Similar for Lease

    • New
      Contact for pricing
      1,307 SF

      Leawood Office Suite For Lease

      Turnkey office suite in desirable Overland Park location.
      11237 Nall Ave, Leawood, KS 66211
      View Details
    • Sponsored
      Contact for pricing

      Park Place

      Flexible workspace in San Jose Airport
      5251 116Th Pl, Leawood, KS 66211
      View Details
    • $26 SF/Yr
      3,812 SF

      Leawood Class A Office Space

      Class A office space near Kansas City's retail centers.
      4000 West 114Th St, Leawood, KS 66211
      View Details
    • $22 SF/Yr
      1,270 SF

      Leawood Office Space For Rent

      Office space available in Leawood, Kansas, near Town Center.
      11221 Roe Ave, Leawood, KS 66211
      View Details
    • $22 SF/Yr
      5,039 SF

      Leawood Office Space For Rent

      Office space with I-435 access and parking.
      4400 College Blvd, Leawood, KS 66211
      View Details
    • Contact for pricing
      3,834 SF

      Leawood Village Mixed-Use Development

      Mixed-use development with retail, restaurant, and office spaces for lease.
      8680 State Line Rd, Leawood, KS 66206
      View Details
    • Contact for pricing
      12,000 SF

      Leawood Village Mixed-Use Development

      Mixed-use development with retail, restaurant, and office spaces for lease.
      8650 State Line Rd, Leawood, KS 66206
      View Details
    • Contact for pricing
      4,000 SF

      Leawood Village Mixed-Use Development

      Retail, restaurant, and office spaces available in Leawood Village.
      8670 State Line Rd, Leawood, KS 66206
      View Details
    • Contact for pricing
      3,529 SF

      Leawood Retail Space for Rent

      Salon-ready retail space with stations, treatment room, and laundry.
      10517-10561 Msn Rd, Leawood, KS
      View Details
    • Contact for pricing
      45,000 SF

      Leawood Office Building For Rent

      45,000 SF office building with excellent highway visibility.
      10621 Msn Rd, Leawood, KS
      View Details
    • Contact for pricing
      15,647 SF

      College Blvd Office Space Available

      Full floor office space with tenant improvement options.
      4650 College Blvd, Leawood, KS 66211
      View Details
    • Contact for pricing
      7,887 SF

      Restaurant Pad Site For Lease

      Restaurant pad site with patio and elevator access available.
      5001 Town Center Dr, Leawood, KS
      View Details

    FAQs

    What type of property is this?
    Retail property - Prime Leawood retail space, 1,027 sq ft.
    Where is this retail property located?
    The property is located at 135th St & Msn Rd Leawood, KS.
    What are key features of this property?
    This property features: 1,027 SF endcap retail space available for lease.; Leawood, KS location in a zip code with the second-highest income in the state.; High traffic: Price Chopper anchor draws over 25,000 weekly shoppers.
    (816) 701-5000 Call to check price and availability
    Request Owner's contact information
    135th St & Msn Rd Leawood, KS 66209
    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.
    135th St & Msn Rd
    Leawood, KS 66209
    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
    135th St & Msn Rd Leawood, KS 66209
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Erin Johnston
    Erin Johnston
    Real Estate License ID: 00224758
    (816) 701-5000
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!