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    87 87Th Cir Lenexa, KS 66219

    For Lease
    Contact for pricing

    Prime Lenexa Office/Retail Opportunity

    Lot size:
    200,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 27.5-acre site in Lenexa, Kansas, presents a unique opportunity for development. Located at the prominent intersection of 87th & Penrose, in the heart of City Center Lenexa, this property offers unparalleled visibility and accessibility. The site is zoned for a mixed-use development, allowing for a variety of uses, including office and retail spaces. Current plans envision a six-story, 200,000 square foot Class A building, with ground floor retail space. However, developers are encouraged to explore and submit their own concepts for this high-profile location. The entire 200,000 square feet is currently vacant, providing a blank canvas for a new development. The property boasts ample structured parking to accommodate tenants and visitors. Situated in Johnson County, Kansas, with a 66219 zip code, this location offers easy access to major transportation routes and a thriving business community. This is an unparalleled chance to create a landmark development in a rapidly growing area of Lenexa, establishing a prominent presence in the city's revitalized downtown. The property's size and location make it ideal for a corporate headquarters, a multi-tenant office building, or a large-scale retail center. Don't miss this chance to be part of Lenexa's exciting future.

    Property Features for 87 87Th Cir

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    200,000 SF
    Class
    A

    Building Details

    Stories
    6

    Unit(s) available at that property

    Space
    Available Space 1
    Size
    200,000 SF

    HighLights

    • High‑profile City Center Lenexa location, within a dense, walkable mixed‑use development.
    • Proposed 200,000 square foot, six‑story Class A office building with ground‑floor retail.
    • Excellent visibility at 87th Street and Renner, with convenient I‑435 access.
    • Exceptional signage opportunities.
    • Ample structured parking.
    • Ideal headquarters location.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Wholesale Shop Accounting Firm Electrical Service Furniture Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Lenexa
    County
    Johnson
    State
    Kansas
    Longitude
    -94.7834898
    Latitude
    38.9701568

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Lenexa Office/Retail Opportunity
    Where is this office property / space located?
    The property is located at 87 87Th Cir Lenexa, KS.
    What are key features of this property?
    This property features: High-profile City Center Lenexa location, within a dense, walkable mixed-use development.; Proposed 200,000 square foot, six-story Class A office building with ground-floor retail.; Excellent visibility at 87th Street and Renner, with convenient I-435 access.
    Request Owner's contact information
    87 87Th Cir Lenexa, KS 66219
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    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 87Th Cir Lenexa, KS 66219
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