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    Prairie Star Pkwy Shawnee, KS 66227
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    Prairie Star Pkwy Shawnee, KS 66227

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    • Retirement homes
    • 30.46 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retirement homes

    Property Details for 0 Prairie Star Pkwy

    Lot size
    30.46 lot acres
    Property type
    Retirement homes
    Property subtype
    Land

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Shawnee
    County
    Johnson
    State
    Kansas
    Longitude
    -94.8521
    Latitude
    38.9565

    Comparable in this City

    • Value Estimation
      $1,885,000
      141,714 SF

      7200 Silverheel St

      HOMES (RETIRED, NURSING) • 141,714 SF
      7200 Silverheel St, Shawnee, KS 66227-2146
      View Details
    • Value Estimation by Request
      6,458 SF

      7150 Silverheel St

      HOMES (RETIRED, NURSING) • 6,458 SF
      7150 Silverheel St, Shawnee, KS 66227-2132
      View Details
    • Value Estimation by Request
      2.79 Acres

      7665 Monticello Rd

      Multifamily properties • 2.79 Acres
      7665 Monticello Rd, Shawnee, KS 66227
      View Details
    • Value Estimation by Request
      3.50 Acres

      91St Ter

      Land • 3.50 Acres
      0 91St Ter, Lenexa, KS 66227
      View Details
    • Value Estimation by Request
      36.00 Acres

      23300 71St St

      Land • 36.00 Acres
      23300 71St St, Shawnee, KS 66227
      View Details
    • Value Estimation by Request
      409,464.00 Acres

      9990 Monticello Rd

      Land • 409,464.00 Acres
      9990 Monticello Rd, Lenexa, KS 66227
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Lenexa Land in Path of Development

      Prime location suitable for multifamily and retail development.
      22939 W 83Rd St, Lenexa, KS 66227
      View Details
    • Contact for pricing

      Land For Sale

      Land available for sale in Overland Park, Kansas.
      175th St & Pflumm Rd, Overland Park, KS 66227
      View Details
    • Contact for pricing
      1,764,180 SF

      Lenexa Land Parcel For Sale

      Large land parcel available in Lenexa, Kansas.
      K-7 And Pr Star Pkwy, Lenexa, KS 66227
      View Details
    • $523,902
      2,125 SF

      New Construction Twin Villas Duplex

      New construction duplex in Lenexa, est. completion May 2026.
      9852 W Greeley St, Lenexa, KS 66227
      View Details
    • $515,000
      Pending

      Lenexa Duplex For Sale

      Duplex property in Lenexa, Kansas, estimated to close 6/2026.
      9862 W Greeley St, Lenexa, KS 66227
      View Details
    • $516,870
      2,125 SF

      New Construction Twin Villa Duplex

      New construction duplex villa in Lenexa, completion estimated June 2026.
      9860 W Greeley St, Lenexa, KS 66227
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      17,018 SF

      Retail Space Near Oak Park

      Retail space available near Oak Park Mall and major highways.
      12010-12200 W 95Th Ln, Lenexa, KS 66227
      View Details
    • Contact for pricing
      4,991 SF

      Medical Office Space For Lease

      Medical office space for lease on AdventHealth Lenexa campus.
      23401 Prairie Star Pkwy, Lenexa, KS 66227
      View Details
    • $8 SF/Yr

      Flex/Industrial Space in Johnson County

      48,246 +/- SF flex/industrial space available for lease.
      8450 Cole Pkwy, Shawnee, KS 66227
      View Details
    • Contact for pricing
      6,300 SF

      Retail Space Near Oak Park

      Retail space available near Oak Park Mall and Sam's Club.
      12220 W 95Th Ln, Lenexa, KS 66227
      View Details
    • Contact for pricing
      1,000 SF

      Lenexa Office Space Available

      Office space available for rent in Lenexa, Kansas.
      23351 Prairie Star Pkwy, Lenexa, KS 66227
      View Details
    • $17 SF/Yr
      15,000 SF

      Shawnee, KS Industrial Warehouse

      15,000 SF Warehouse, New Construction
      23810 83 Ter, Shawnee, KS 66227
      View Details
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    Shawnee, KS 66227
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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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