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    87 & Renner Blvd Lenexa, KS 66219

    For Lease
    Contact for pricing

    Prime Lenexa retail space, multiple tenants.

    Lot size:
    35,473 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional three-story retail property, located at the prominent intersection of 87th and Renner Boulevard in Lenexa, Kansas, offers a unique investment opportunity. The building boasts a total of 35,473 square feet, with 8,500 square feet currently available for lease. Situated on a 0.39-acre lot in Johnson County, this multi-tenant building presents a versatile space ideal for a variety of retail businesses. The property's strategic location provides excellent visibility and accessibility, ensuring high foot traffic and convenient access for customers. The three-story design offers ample space for various retail configurations, allowing for customization to suit specific business needs. The existing tenants contribute to a vibrant and thriving commercial environment. This property is zoned for retail use and presents a compelling opportunity for businesses seeking a high-profile location in a rapidly growing area of Lenexa. The available 8,500 square feet offers significant potential for expansion or the establishment of a new flagship location. The property's strong location within Johnson County, Kansas, and its proximity to major transportation routes, ensures easy access for both employees and customers. This is a rare opportunity to secure a prime retail space in a highly desirable location. Contact us today to learn more about leasing opportunities.

    Property Features for 0 87 & Renner Blvd

    General Information

    Property type
    Multifamily properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    35,473 SF

    Building Details

    Stories
    3

    Unit(s) available at that property

    Space
    Available Space
    Size
    8,500 SF

    HighLights

    • 0.39‑acre site available for sale or ground lease.
    • Shared parking structure access included.
    • High‑traffic location with excellent pedestrian and vehicular access.
    • Prominent visibility at 87th & Penrose.
    • Direct I‑35 access.
    • Situated in the rapidly developing Lenexa City Center.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Lenexa
    County
    Johnson
    State
    Kansas
    Longitude
    -94.7798851
    Latitude
    38.9708299

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    FAQs

    What type of property is this?
    Multifamily property - Prime Lenexa retail space, multiple tenants.
    Where is this multifamily property located?
    The property is located at 87 & Renner Blvd Lenexa, KS.
    What are key features of this property?
    This property features: 0.39-acre site available for sale or ground lease.; Shared parking structure access included.; High-traffic location with excellent pedestrian and vehicular access.
    Request Owner's contact information
    87 & Renner Blvd Lenexa, KS 66219
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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
    87 & Renner Blvd Lenexa, KS 66219
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