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

    7002 Johnson Dr Mission, KS 66202

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Second-generation restaurant space in a prime Mission, Kansas location.

    Type:Retail
    Added:
    Aug 2, 2023
    Days on Market:
    991
    Last Refresh:
    Mar 17 at 1:19 pm

    Property Features for 7002 Johnson Dr

    General Information

    Standard status
    Active
    Property subtype
    Retail

    Spaces For Lease

    at 7002 Johnson Dr Contact us

    We can help!

    Listing Contact
    Spencer Stewart

    Listing agent Spencer Stewart License #KS 00248759

    Listing office Lane4 Property Group

    Listing date Aug 2, 2023

    Source Crexi

    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 Lane4 Property Group

    Overview

    Restaurant Space in Mission, Kansas

    A rare second-generation restaurant space is available for rent in the heart of Mission, Kansas. The property occupies a prime location on the hard corner of Broadmoor Street and Johnson Drive, benefiting from high traffic with over 62,000 cars per day. It is situated along a strong retail corridor anchored by Target and HyVee.
    Location Intelligence

    Current Use by Public Records

    Restaurants

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    • Taste of The Pacific - Kansas City Catering — 5820 Johnson Dr, Mission, KS 66202
    • The Corporate Catering Co. - Kansas City — 6301 Glenwood St, Overland Park, KS 66202
    • Hy-Vee Catering — 6655 Martway St, Mission, KS 66202
    • The Table - Catering — 6301 Glenwood St, Overland Park, KS 66202

    Location Insight

    • Map
    • Local Demand
    City
    Mission
    County
    Johnson
    State
    Kansas
    Longitude
    -94.6671
    Latitude
    39.021655

    Nearby Similar for Lease

    • $25/mo

      Mission Office Space For Rent

      Office space available for lease in Mission, Kansas.
      5820 Lamar Avenue, Mission, KS, 66202
      View Details
    • $16/mo

      Retail Space on Johnson Drive

      Retail space with high visibility and ample parking.
      5801-5809 Johnson Dr, Mission, KS
      View Details
    • $22/mo

      Mission Office Space For Rent

      Office suites available in Mission, Kansas with excellent visibility.
      5201 Johnson Dr, Mission, KS
      View Details
    • $16/mo

      Retail/Office Spaces on Shawnee Mission

      Retail and office spaces with high visibility and accessibility.
      7800 Shawnee Mission Pkwy, Mission, KS
      View Details
    • $20/mo

      Retail Space in Mission, Kansas

      6,280 SF retail space available for lease.
      6840 Johnson Dr, Mission, KS
      View Details
    • $18/mo

      Retail Space in Mission, Kansas

      Retail space with garage and abundant parking in Mission, Kansas.
      5360 Johnson Dr, Mission, KS
      View Details
    • Contact for pricing

      Retail Space in Mission, Kansas

      Retail or office space available in a 130,000 sq. ft. development.
      5301-5431 Johnson Dr, Mission, KS
      View Details
    • Contact for pricing

      Retail Redevelopment Opportunity with Cashflow

      Retail redevelopment opportunity with cashflow while navigating the entitlement process.
      8001-8015 Shawnee Mission Pkwy, Mission, KS
      View Details
    • Contact for pricing

      Retail Space Near Major Anchors

      Retail spaces available near Walmart, Lowe’s, and Price Chopper.
      4701 Sycamore Dr, Mission, KS
      View Details
    • $18/mo

      Mission Office Space Available

      17,500 SF office space for rent in Mission, Kansas.
      5700 Broadmoor St, Mission, KS
      View Details
    • $20/mo

      Small Office Suites For Lease

      Small office suites available for lease with easy highway access.
      5845 Horton St, Mission, KS
      View Details
    • Contact for pricing

      Retail Space Near Major Anchors

      Retail spaces available near IKEA, Home Depot, and Hobby Lobby.
      5925 Ikea Wy, Mission, KS
      View Details

    FAQs

    What type of property is this?
    Restaurant - Second-generation restaurant space in a prime Mission, Kansas location.
    Where is this restaurant located?
    The property is located at 7002 Johnson Dr Mission, KS.
    What are key features of this property?
    This property features: Rare 2nd generation restaurant space; Prime hard corner location; High traffic count (62,000 CPD)
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Spencer Stewart
    Real Estate License ID: KS 00248759
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!