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    22000 71St St Shawnee, KS 66226
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    Property profile & analytics

    22000 71St St, Shawnee, KS 66226

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

    Current Use by Public Records

    • Land

    Property Details for 22000 71St St

    Lot size
    26.30 lot acres
    Property type
    Land
    Property subtype
    Farms

    Description

    This exceptional 26.3-acre farm in Shawnee, Kansas, presents a unique investment opportunity. Located at 22000 W 71st Street, Johnson County, zip code 66226 (38.9998745, -94.8442982), this expansive property offers significant potential for various development projects. The land is classified as agricultural and is ideal for those seeking a large-scale project. The asking price is $2,250,000. Its prime location within a thriving community provides easy access to essential amenities and infrastructure. The substantial acreage allows for creative design and development, accommodating a wide range of residential or mixed-use concepts. This versatile property presents a chance to create a dynamic and thriving community, blending modern living with the surrounding natural environment. The property's size and location make it an attractive proposition for developers seeking a significant land acquisition in a desirable Kansas location. Serious inquiries are encouraged to explore the possibilities of this exceptional property.

    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
    -94.8443
    Latitude
    38.9999

    Comparable in this City

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      31.23 Acres

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      4.43 Acres

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      1.95 Acres

      K-7 Hwy & Shawnee Msn Pkwy

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      155.00 Acres

      K-7 43Rd St

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    Similar Nearby for Sale

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      Expansive Land Parcel Available

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      Land Near K-7 Highway

      1.95 acres of land near K-7 Highway.
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      Multifamily Development Land Opportunity

      36+- acre land parcel suitable for multifamily development.
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      Commercial Pad Sites Available

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    • $4,150,000
      25.00 Acres

      25 Acres Development Opportunity, Shawnee

      25 acres of land suitable for mixed-use development.
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    Similar Nearby for Lease

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      Shawnee, KS Build to Suit

      Commercial land available for rent in Shawnee, Kansas.
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      Commercial Land For Lease

      Commercial land available for lease.
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      Westlink Industrial Park Opportunity

      Industrial and warehouse spaces available for lease in Shawnee, KS.
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      1,825 SF

      Retail Space in Shawnee Center

      Retail spaces available in a Price Chopper-anchored neighborhood center.
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      148,474 SF

      Spacious Class A Distribution Warehouse

      854,305 SF Class A warehouse with ample parking.
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      Shawnee Office Space Available

      Office space for rent in Shawnee, Kansas.
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    Shawnee, KS 66226
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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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