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    616 130Th St Bonner Springs, KS 66012

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    616 130Th St Bonner Springs, KS 66012

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    • Lifestyle centers
    • 48,844 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lifestyle centers

    Property Details for 616 130Th St

    Property size
    48,844 SF
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    This exceptional retail opportunity presents 48,844 square feet of prime commercial space located at 616 S 130th St Acc Rd, Bonner Springs, Kansas, 66012. The property, known as Renaissance Shops, is classified as a multi-tenant shopping center. Currently, one large space totaling 30,046 square feet is available for lease, presenting a significant opportunity for a large retailer or a business seeking substantial space. The property's location in Bonner Springs, Kansas offers excellent visibility and accessibility, making it an ideal location for businesses seeking to reach a substantial customer base. The building's total square footage is substantial, providing ample room for various retail operations or a combination of businesses. This property is situated in a thriving area with convenient access to major transportation routes, ensuring high traffic flow and easy access for customers and employees. The available space offers a blank canvas for businesses to create their ideal retail environment. Detailed specifications and lease terms are available upon request. This is a rare opportunity to secure a significant retail presence in a desirable Kansas location. Contact us today to learn more about this exceptional property and schedule a viewing.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Bonner Springs
    County
    Wyandotte
    State
    Kansas
    Longitude
    -94.8841
    Latitude
    39.0864

    Comparable in this City

    • Value Estimation
      $1,475,000
      49,448 SF

      612 130th St

      SHOPPING CENTER, STRIP CENTER • 49,448 SF
      612 130th St, Bonner Springs, KS 66012-9233
      View Details
    • Value Estimation
      $735,000
      22,159 SF

      120 Oak St

      SHOPPING CENTER, STRIP CENTER • 22,159 SF
      120 Oak St, Bonner Springs, KS 66012-1046
      View Details
    • Value Estimation
      $885,000
      27,973 SF

      626 130th St

      SHOPPING CENTER, STRIP CENTER • 27,973 SF
      626 130th St, Bonner Springs, KS 66012-9233
      View Details
    • Value Estimation
      $1,090,000
      21,059 SF

      603 Frnt St

      SHOPPING CENTER, STRIP CENTER • 21,059 SF
      603 Frnt St, Bonner Springs, KS 66012-1121
      View Details
    • Value Estimation
      $685,000
      9,792 SF

      13020 Kansas Ave

      SHOPPING CENTER, STRIP CENTER • 9,792 SF
      13020 Kansas Ave, Bonner Springs, KS 66012-9205
      View Details
    • Value Estimation
      $650,000
      5,267 SF

      630 130th St

      SHOPPING CENTER, STRIP CENTER • 5,267 SF
      630 130th St, Bonner Springs, KS 66012-9233
      View Details

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      Retail Space for Lease

      Retail space available for lease in Bonner Springs, Kansas.
      24 N 130Th St, Bonner Springs, KS 66012
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    616 130Th St
    Bonner Springs, KS 66012
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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
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