Sign Up Successful!
You now have access to more from Realmo!
    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

    Merriam Town Ctr Mission, KS 66202

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

    High-traffic retail space, flexible layouts.

    Lot size:
    11,547 SF

    Property Features for 0 Merriam Town Ctr

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    11,547 SF

    Spaces For Lease

    at 0 Merriam Town Ctr, Mission, KS 66202 Contact us

    We can help!

    Listing Contact
    Eric Gonsher
    Eric Gonsher

    Listing Agency: The R.H. Johnson Company Listing Agent: Eric Gonsher

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

    Learn more

    Overview

    This prime retail property, Merriam Town Center, in Johnson County, Kansas, offers exceptional leasing opportunities. Located at 66202, this vibrant center boasts a total of 11,547 square feet of commercial retail space. Currently, there are multiple spaces available, perfect for a variety of businesses. Individual spaces range from a minimum of 1,398 square feet to a maximum contiguous space of 3,796 square feet, providing flexibility for tenants with diverse needs. A significant 5,197 square feet is currently vacant, presenting a unique chance to establish a presence in this thriving location. The property's strategic location in Merriam, Kansas ensures high visibility and accessibility for customers. This is an ideal opportunity for businesses seeking a well-established retail space in a high-traffic area of Johnson County. The address is Merriam Town Center, Merriam, KS 66202. The property is easily accessible and benefits from strong local demographics. Don't miss this chance to secure your space in this bustling retail center. Contact us today to learn more about available spaces and leasing options.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Mission
    County
    Johnson
    State
    Kansas
    Longitude
    -94.6708709
    Latitude
    39.0246739

    Nearby Similar for Lease

    • Contact for pricing
      5,257 SF

      Overland Park Corporate Headquarters Opportunity

      Office building in Overland Park, 5,000 –115,000 SF available.
      5200 Metcalf Ave, Mission, KS 66202
      View Details
    • Contact for pricing
      6,084 SF

      Restaurant Space Near Grand Station

      Restaurant space with high visibility near Grand Station Development.
      9001 Shawnee Msn Pkwy, Mission, KS
      View Details
    • Contact for pricing
      1,600 SF

      Retail Space Near Major Anchors

      Retail spaces available near IKEA, Home Depot, and Hobby Lobby.
      5925 Ikea Way, Mission, KS 66202
      View Details
    • Contact for pricing
      8,500 SF

      Class A Office Space Available

      Class A office building with flexible configurations and ample parking.
      6329 Glenwood St, Mission, KS
      View Details
    • Contact for pricing
      17,500 SF

      Mission Office Space Available

      17,500 SF office space for rent in Mission, Kansas.
      5700 Broadmoor St, Mission, KS
      View Details
    • Contact for pricing
      1,410 SF

      Office Space in Mission

      1410 square feet of office space for lease.
      5800 Foxridge Dr, Mission, KS 66202
      View Details
    • Contact for pricing
      824 SF

      Mission Office Space For Rent

      Office space in a 10-building, 400,000 square foot park.
      6405 Metcalf Ave, Mission, KS 66202
      View Details
    • Contact for pricing
      2,054 SF

      Mission Office Space For Rent

      Office suites available in Mission, Kansas with excellent visibility.
      5201 Johnson Dr, Mission, KS 66205
      View Details
    • Contact for pricing
      4,351 SF

      Prime Retail Space in Mission

      Retail space in the heart of Mission, Kansas.
      7000 Johnson Dr, Mission, KS 66202
      View Details
    • Contact for pricing
      6,132 SF

      Freestanding Restaurant in Mission Corridor

      6,132 SF restaurant with patio and ample parking.
      6870 Johnson Dr, Mission, KS 66202
      View Details
    • Contact for pricing
      3,709 SF

      Retail Space on Johnson Drive

      Retail space with high visibility and ample parking.
      5801-5809 Johnson Dr, Mission, KS 66202
      View Details
    • Contact for pricing
      4,000 SF

      Retail/Office Spaces on Shawnee Mission

      Retail and office spaces with high visibility and accessibility.
      7800 Shawnee Msn Pkwy, Mission, KS
      View Details

    FAQs

    What type of property is this?
    Retail property - High-traffic retail space, flexible layouts.
    Where is this retail property located?
    The property is located at Merriam Town Ctr Mission, KS.
    What are key features of this property?
    This property features: 3,796 SF end-cap space available for lease.; 1,600 SF inline space available for lease.; Power center anchored by IKEA, Home Depot, Hobby Lobby, Dick's Sporting Goods, Ross, and Cinemark.
    (816) 561-5111 Call to check price and availability
    Request Owner's contact information
    Merriam Town Ctr Mission, KS 66202
    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.
    Merriam Town Ctr
    Mission, KS 66202
    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
    Merriam Town Ctr Mission, KS 66202
    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 Eric Gonsher
    Eric Gonsher
    Real Estate License ID: 2007026839
    (816) 561-5111 (816) 268-2434
    Learn more
    Google sign-in failed. Please try again or use another login method.