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    The Largest CRE Database in the US with Over 1 Million Listings

    9510-9676 Quivira Rd Lenexa, KS 66215

    Sponsored
    For Lease
    $30 SF/Yr

    High-traffic retail space available.

    Lot size:
    203,080 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    416
    Orchard Corners, located at 9510-9676 Quivira Road in Lenexa, Kansas (zip code 66215), presents a significant retail opportunity within a thriving power center. This property boasts a total of 203,080 square feet of retail space, currently offering 9,082 square feet of vacant space for lease. Multiple tenancy options are available, with spaces ranging from a minimum of 1,020 square feet to a maximum contiguous space of 4,500 square feet, catering to a variety of business needs. The property is zoned CP3 and situated in Johnson County, Kansas. Ample parking is provided with 1,100 spaces to accommodate customers and employees. The property's prime location and high visibility ensure significant foot traffic and exposure for tenants. This is an exceptional chance to establish or expand your business in a bustling retail environment with convenient access and strong community presence. The property's size and flexible space options make it ideal for a variety of retail uses. Contact us today to learn more about leasing opportunities at Orchard Corners.

    Property Features for 9510-9676 Quivira Rd

    General Information

    Property type
    Power centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    203,080 SF
    Total Rate
    507700

    Unit(s) available at that property

    Space
    Suite 9670
    Size
    1,042 SF
    Rate per SF
    $30
    Space
    Suite 9550
    Size
    1,500 SF
    Rate per SF
    $30
    Space
    Suite 9664
    Size
    1,020 SF
    Rate per SF
    $30
    Space
    Suite 9662
    Size
    1,020 SF
    Rate per SF
    $30
    Space
    Suite 9556
    Size
    4,500 SF
    Rate per SF
    $30

    We can help!

    Listing Contact
    David Block
    David Block

    Learn more

    HighLights

    • Orchard Corners, a premier Lenexa, KS power center (66215), offers 203,080 square feet of retail space with 9,082 square feet currently available for lease.
    • The center boasts a strong tenant lineup including Nordstrom Rack, TJ Maxx, HomeGoods, and Michaels, situated across from Oak Park Mall.
    • This property enjoys a high‑traffic location in a dominant retail corridor, between three major expressways, with approximately 49,000 cars passing daily.
    • Available spaces range from 1,020 to 4,500 contiguous square feet, with NNN rent of $30.00/SF. A larger space of 36,838 SF is also available at $15.00/SF NNN.
    • The property features ample parking (1,100 spaces) and is zoned CP3 in Johnson County.
    Property Profile Location Intelligence

    Current Use by Public Records

    Power centers

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Lenexa
    County
    Johnson
    State
    Kansas
    Longitude
    -94.72404
    Latitude
    38.9561345

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    FAQs

    What type of property is this?
    Power center - High-traffic retail space available.
    Where is this power center located?
    The property is located at 9510-9676 Quivira Rd Lenexa, KS.
    What is the lease rate?
    The lease rate is $30 SF/Yr.
    What are key features of this property?
    This property features: Orchard Corners, a premier Lenexa, KS power center (66215), offers 203,080 square feet of retail space with 9,082 square feet currently available for lease.; The center boasts a strong tenant lineup including Nordstrom Rack, TJ Maxx, HomeGoods, and Michaels, situated across from Oak Park Mall.; This property enjoys a high-traffic location in a dominant retail corridor, between three major expressways, with approximately 49,000 cars passing daily.
    Request Owner's contact information
    9510-9676 Quivira Rd Lenexa, KS 66215
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    Lenexa, KS 66215
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    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
    9510-9676 Quivira Rd Lenexa, KS 66215
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    We can help!
    Listing Contact
    David Block
    David Block
    Real Estate License ID: KS BR00015006
    Learn more
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