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

    11066 Strang Line Rd Lenexa, KS 66215

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

    Lenexa, KS Industrial Space for Lease

    Lot size:
    33,218 SF

    Property Features for 11066 Strang Line Rd

    General Information

    Property type
    Flex space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    33,218 SF

    Spaces For Lease

    at 11066 Strang Line Rd, Lenexa, KS 66215 Contact us

    We can help!

    Listing Contact
    Michael Block
    Michael Block

    Listing Agency: Block Real Estate Services LLC Listing Agent: Michael Block

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

    Learn more

    Property Insight Report

    Overview

    College Crossing Business Park, Building G, offers 33,218 square feet of prime flex space for lease in Lenexa, Kansas. Located at 11066-11084 Strang Line Rd, 66215, this Johnson County property boasts seven individual suites, with a minimum divisible space of 1,841 square feet and a maximum contiguous space of 11,315 square feet. Currently, 32,266 square feet is available for lease, providing ample opportunity for businesses seeking flexible industrial space. The building features impressive 18-foot ceilings, providing excellent vertical storage capacity. Ample parking is available with 98 spaces to accommodate employees and clients. The property benefits from robust power capabilities, with typical units offering 400 amps, 3-phase, 480-volt service. This location within the Johnson County submarket offers easy access to major transportation routes, making it an ideal location for businesses needing efficient logistics. The property is classified as industrial with a flex subtype, making it suitable for a variety of uses. Interested parties are encouraged to inquire about lease terms and availability for the various suite sizes. This is a rare opportunity to secure high-quality industrial space in a desirable Johnson County location.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Lenexa
    County
    Johnson
    State
    Kansas
    Longitude
    -94.755083
    Latitude
    38.927907

    Nearby Similar for Lease

    • New
      Contact for pricing
      185,130 SF

      Lenexa Retail Space Available

      Retail space available in Lenexa, Kansas.
      12106 W 87Th Street Pkwy, Lenexa, KS 66215
      View Details
    • Sponsored
      Contact for pricing

      KS, Lenexa - W 95th St

      Discover many ways to work your way in Democracy Plaza
      12345 95Th St, Lenexa, KS 66215
      View Details
    • Contact for pricing

      KS, Lenexa -W 84th Terrace

      Discover many ways to work your way in San Antonio Airport
      10901 84 Ter, Lenexa, KS 10901
      View Details
    • $21 SF/Yr
      2,300 SF

      Retail/Office Space Near Oak Park

      Retail and office spaces for lease near Oak Park Mall.
      9764 Quivira Rd, Lenexa, KS 66215
      View Details
    • $16 SF/Yr
      3,248 SF

      Lenexa Office Space For Rent

      Office space available for lease in Lenexa, Kansas.
      10645-10649 Lackman Rd, Lenexa, KS 66219
      View Details
    • $21 SF/Yr
      1,464 SF

      Lenexa Retail/Office Space Available

      Retail and office spaces for lease near Oak Park Mall.
      9764-9784 Quivira Rd, Lenexa, KS 66215
      View Details
    • $32 SF/Yr
      2,790 SF

      Lenexa Office Space Available

      Office space available for lease in Lenexa, Kansas.
      10550 Quivira Rd, Lenexa, KS 66215
      View Details
    • $23 SF/Yr
      7,063 SF

      Lenexa Office Space for Rent

      Office space with modern finishes, convenient highway access, and amenities.
      15200 Santa Fe Trail Dr, Lenexa, KS 66219
      View Details
    • $22 SF/Yr
      6,566 SF

      Lenexa Office Space for Rent

      Centrally located office space with easy highway access and amenities.
      16011 College Blvd, Lenexa, KS
      View Details
    • $19 SF/Yr
      11,533 SF

      Lenexa Office Space For Rent

      Centrally located office space with flexible floor plans.
      11150-11180 Thompson Ave, Lenexa, KS 66219
      View Details
    • Contact for pricing
      9,650 SF

      Lenexa Office Space For Rent

      Office spaces with high ceilings and flexible floor plans.
      11140-11146 Thompson Ave, Lenexa, KS 66219
      View Details
    • $23 SF/Yr
      41,475 SF

      Modern Office Space Available

      Updated office space with modern finishes and ample parking.
      16025 W 113 St, Lenexa, KS
      View Details

    FAQs

    What type of property is this?
    Flex space - Lenexa, KS Industrial Space for Lease
    Where is this flex space located?
    The property is located at 11066 Strang Line Rd Lenexa, KS.
    What are key features of this property?
    This property features: Excellent freeway access and visibility.; High parking ratio (98 spaces).; Attractively landscaped business park setting.
    (816) 756-1400 Call to check price and availability
    Request Owner's contact information
    11066 Strang Line Rd Lenexa, KS 66215
    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.
    11066 Strang Line Rd
    Lenexa, KS 66215
    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
    11066 Strang Line Rd Lenexa, KS 66215
    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 Michael Block
    Michael Block
    Real Estate License ID: 2009012381
    (816) 756-1400 (816) 210-5549 (816) 932-5549
    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!