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    7499 K 7 Hwy Shawnee, KS 66216
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    7499 K 7 Hwy Shawnee, KS 66216

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    • Land
    • 2.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 7499 K 7 Hwy

    Lot size
    2.00 lot acres
    Property type
    Land

    Description

    This exceptional 2-acre commercial land parcel presents a remarkable development opportunity in Shawnee, Kansas. Located at 7499 K-7 Highway, this property boasts unparalleled visibility with over 28,000 cars passing daily. The site is part of a larger 9-acre tract, offering flexibility and potential for future expansion. While currently zoned agricultural, the City of Shawnee designates this land as Community Commercial, and considers mixed-use development, including senior living or low-impact projects. The property benefits from readily available water and sewer services. Its strategic location near Shawnee Mission Parkway provides convenient access to a variety of amenities, including restaurants, a grocery store, daycare, and a convenience store/gas station. This location is ideal for a range of commercial ventures, such as small box retail, restaurants, convenience stores, professional offices, or medical facilities. The asking price for this specific 2-acre parcel is $399,000. Note that the larger 9-acre tract can be subdivided into six parcels, with other parcels available at varying sizes and prices. An adjacent 4.7 acres will be utilized by the City of Shawnee.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Shawnee
    County
    Johnson, KS
    State
    Kansas
    Longitude
    -94.7381
    Latitude
    39.0064

    Comparable in this City

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      9.00 Acres

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      4.52 Acres

      67th St

      Land • 4.52 Acres
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      1.00 Acre

      7499 Kansas 7 Hwy

      Farms • 1.00 Acre
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      4.50 Acres

      Of Lackman Interchange

      Land • 4.50 Acres
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      6.70 Acres

      Of Lackman

      Land • 6.70 Acres
      0 Of Lackman, Shawnee, KS 66216
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      6.70 Acres

      Shawnee, KS Commercial Land - 6.7 Acres

      Prime Commercial Land, Shawnee, KS. High Visibility.
      0 Of Lackman, Shawnee, KS 66216
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    • $210,000
      0.89 Acres

      Residential Land in Established Neighborhood

      Scenic lot in Shawnee's Lakeview Estates with mature trees.
      5703 Cottonwood St, Shawnee, KS 66216
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    • $1,900,000
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      Shawnee Retail Center Investment Opportunity

      Multi-tenant retail center in Shawnee, Kansas with investment upside.
      12119 Johnson Dr, Shawnee, KS 66216
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    • $250,000
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      Shawnee Duplex with Community Amenities

      Comfortable 3-bedroom duplex with access to community amenities.
      13212 W 67 St, Shawnee, KS 66216
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    • $848,000
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      Commercial Strip Center with Parking

      High-visibility commercial strip center with income and parking.
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    Similar Nearby for Lease

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      Community Center Retail Space

      187,025 square foot community center in Shawnee, Kansas.
      & Quivira Nwc Of Shawnee Msn Pkwy, Shawnee, KS 66216
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      1,500 SF

      Retail Space in Shawnee Mission

      5,200 SF retail space available for lease.
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      Shawnee Retail Space For Lease

      Retail spaces available for lease in Shawnee, Kansas.
      13131-13233 Shawnee Mission Pkwy, Shawnee, KS 66216
      View Details
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    Shawnee, KS 66216
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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.

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