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    The Largest CRE Database in the US with Over 1 Million Listings

    15415 Pinehurst Dr Basehor, KS 66007

    Sponsored
    For Lease
    $19 SF/Yr ($11,233 /Mo)

    6,913 SF Office Building, 3,813 SF Vacant

    Lot size:
    6,913 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    421
    This exceptional Class A office building, constructed in 2007, offers a unique investment opportunity in the thriving Basehor, Kansas market. The single-story, 6,913 square foot building sits on 1.1 acres of land and features a total of 33 parking spaces, providing ample convenience for tenants and visitors. Currently, a significant 3,813 square feet of space is available for lease, presenting a versatile option for a single large tenant or the potential for subdivision to accommodate multiple smaller businesses. Originally built to house a pharmacy, this meticulously maintained property boasts a desirable location off State Avenue, with easy access to K-7 Highway, ensuring high visibility and convenient commutes. The building is categorized as both traditional office and medical office space, making it suitable for a wide range of professional uses. The property includes two suites in total. Estimated total property expenses are $6.71 per square foot. This is a rare opportunity to acquire a well-maintained, strategically located commercial property in a growing area. Further details are available upon request. The APN is 1811100000004590, located in Leavenworth County.

    Property Features for 15415 Pinehurst Dr

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    6,913 SF
    Class
    A
    Total Rate
    11233.63

    Building Details

    Year Built
    2007
    Buildings
    1
    Stories
    1

    Spaces For Lease

    at 15415 Pinehurst Dr, Basehor, KS 66007 Contact us
    Unit 1st Floor Suite

    $19 /Mo

    Size
    3,813 SF
    Contact us

    We can help!

    Listing Contact
    Josh Haith
    Josh Haith

    Learn more

    Property Insight Report

    HighLights

    • 6,913 SF Class A office building in Basehor, KS.
    • Multi‑tenant property with 3,813 SF currently vacant.
    • Located near State Ave. and K‑7 Highway for excellent accessibility.
    • Single‑story building constructed in 2007, offering 33 parking spaces.
    • 1.1‑acre lot in Leavenworth County, APN 1811100000004590.
    Property Profile Location Intelligence

    Current Use by Public Records

    The Medicine Store Pharmacy Mary Reilly Pharmacy

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Basehor
    County
    Leavenworth
    State
    Kansas
    Longitude
    -94.938126303796
    Latitude
    39.115291992945

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    FAQs

    What type of property is this?
    Medical office - 6,913 SF Office Building, 3,813 SF Vacant
    Where is this medical office located?
    The property is located at 15415 Pinehurst Dr Basehor, KS.
    What is the lease rate?
    The lease rate is $19 SF/Yr.
    What are key features of this property?
    This property features: 6,913 SF Class A office building in Basehor, KS.; Multi-tenant property with 3,813 SF currently vacant.; Located near State Ave. and K-7 Highway for excellent accessibility.
    (913) 888-3456
    Request Owner's contact information
    15415 Pinehurst Dr Basehor, KS 66007
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    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
    15415 Pinehurst Dr Basehor, KS 66007
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    Listing Contact
    Josh Haith
    Josh Haith
    Real Estate License ID: 2011012354
    (913) 888-3456
    Learn more
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