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    12208 87Th Street Pkwy Lenexa, KS 66215

    Sponsored
    For Lease
    $28 SF/Yr

    Prime Medical/Office Space - I-35 Access

    Lot size:
    14,600 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional single-story, 14,600 square foot medical office building, constructed in 1982 and extensively renovated in 2024, presents a unique investment opportunity. The property boasts three suites, with 8,841 square feet currently vacant. This significant vacancy includes 20 fully equipped exam rooms, a former lab space, one x-ray room, and eight individual offices, providing ample space for a variety of medical or traditional office uses. The building enjoys a highly desirable location with convenient access to I-35, ensuring easy commutes for both staff and patients. Furthermore, its proximity to a walkable area with numerous restaurants and retail establishments enhances its appeal. High visibility is guaranteed with available monument and building signage, benefiting from exposure to 29,559 cars per day on 87th Parkway. The building's recent renovation ensures modern amenities and functionality, making it an ideal space for a growing practice or business seeking a well-maintained and strategically located property. This is a rare opportunity to acquire a versatile and well-positioned commercial property in a thriving area. The substantial vacant space offers significant potential for immediate occupancy and future expansion.

    Property Features for 12208 87Th Street Pkwy

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    14,600 SF
    Total Rate
    34066.67

    Building Details

    Year Built/Renovated
    1982/2024
    Stories
    1

    Unit(s) available at that property

    Space
    12208 W 87th Pwky
    Size
    8,841 SF
    Rate per SF
    $28

    HighLights

    • 14,600 SF single‑story office building with multiple suites.
    • Building features 3 suites, with 8,841 SF currently vacant.
    • Recently renovated in 2024.
    • Originally built in 1982.
    • Convenient I‑35 access and walkable to restaurants and retail.
    • Available signage opportunities, including monument signage visible to high daily traffic counts.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Lenexa
    County
    Johnson
    State
    Kansas
    Longitude
    -94.7279053
    Latitude
    38.9714398

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    FAQs

    What type of property is this?
    Medical office - Prime Medical/Office Space - I-35 Access
    Where is this medical office located?
    The property is located at 12208 87Th Street Pkwy Lenexa, KS.
    What is the lease rate?
    The lease rate is $28 SF/Yr.
    What are key features of this property?
    This property features: 14,600 SF single-story office building with multiple suites.; Building features 3 suites, with 8,841 SF currently vacant.; Recently renovated in 2024.
    Request Owner's contact information
    12208 87Th Street Pkwy Lenexa, KS 66215
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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
    12208 87Th Street Pkwy Lenexa, KS 66215
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