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    22939 83 Ter Lenexa, KS 66227

    For Sale
    $9,018,000

    Prime 31-acre retail development site

    Property size:
    1,350,360 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 31-acre commercial land parcel, located at 22939 W 83rd St, Lenexa, KS 66227, presents a unique investment opportunity. Zoned CP-2, the property boasts 1,350,360 square feet and is master-planned to allow for up to 25% multifamily development alongside retail, making it highly versatile. Situated at the southeast corner of Kansas Highway 7 and West 83rd Street, this location benefits from exceptional visibility and accessibility, with high traffic volume (30,000 VPD on K-7 and 8,300 VPD on W 83rd Street). Its proximity to Kansas Highway 10 and Interstate 435, along with its location near Lenexa City Center, ensures strong potential for attracting a diverse range of businesses and residents. The property's strong demographics further enhance its appeal. Internal roadways, Monticello Terrace and Woodsonia Drive, provide convenient internal access. The asking price is $9,018,000, translating to $6.50 per square foot. This prime location and flexible zoning make this an ideal development opportunity in a thriving Kansas City metro area. The APN is IF231227-2005.

    Property Features for 22939 83 Ter

    General Information

    Property type
    Land
    Square Feet
    1,350,360 SF
    Lot Size
    1,350,360 SF

    HighLights

    • 31‑acre site zoned CP‑2, planned for 25% multifamily, 75% retail.
    • High traffic counts: 30,000 VPD on K‑7 and 8,300 VPD on W 83rd Street.
    • Prime Westside Kansas City development opportunity.
    • Frontage on Monticello Terrace and Woodsonia Drive.
    • Excellent demographics for new construction.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Auto Repair Shop Building Supply 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
    -94.85077
    Latitude
    38.975715

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    FAQs

    What type of property is this?
    Land - Prime 31-acre retail development site
    Where is this land located?
    The property is located at 22939 83 Ter Lenexa, KS.
    What is the asking price?
    The asking price for this property is $9,018,000.
    What are key features of this property?
    This property features: 31-acre site zoned CP-2, planned for 25% multifamily, 75% retail.; High traffic counts: 30,000 VPD on K-7 and 8,300 VPD on W 83rd Street.; Prime Westside Kansas City development opportunity.
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    22939 83 Ter Lenexa, KS 66227
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    Realmo Value Estimation

    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.

    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.

    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
    22939 83 Ter Lenexa, KS 66227
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