Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    135Th St. & Msn Rd Leawood, KS 66209

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    135Th St. & Msn Rd Leawood, KS 66209

    View on Map
    • Land
    • 14.85 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 135Th St. & Msn Rd

    Lot size
    14.85 lot acres
    Property type
    Land

    Description

    This exceptional 14.85-acre parcel of vacant land presents a remarkable investment opportunity in the thriving Leawood, Kansas market. Located at the intersection of 135th Street and Mission Road, this property boasts a highly desirable Mixed-Use zoning designation, opening doors to a diverse range of development possibilities. Permitted uses include residential, multi-family, office, and retail developments, catering to a wide spectrum of potential projects. The asking price is $3,850,000, translating to approximately $259,259.26 per acre. This strategic location benefits from exceptional visibility and high traffic counts, with an estimated 30,828 vehicles passing daily. The substantial lot size offers ample space for large-scale projects, while the mixed-use zoning provides flexibility for creative and lucrative development plans. This prime location in Leawood, Kansas, with its zip code 66209, offers easy access to major transportation arteries and a vibrant community. The property's potential for significant return on investment makes it an attractive proposition for discerning developers and investors seeking a prime location in a rapidly growing area. This is a rare opportunity to acquire a large, strategically located parcel of land with exceptional development potential. Don't miss out on this chance to shape the future of Leawood.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Leawood
    County
    Johnson
    State
    Kansas
    Longitude
    -94.6306
    Latitude
    38.8839

    Comparable in this City

    • Value Estimation by Request
      1,402 SF

      13112-13220 State Line Rd

      Lifestyle centers • 1,402 SF
      13112-13220 State Line Rd, Leawood, KS 66209
      View Details
    • Value Estimation by Request
      3.62 Acres

      Roe Ave

      Land • 3.62 Acres
      0 Roe Ave, Leawood, KS 66209
      View Details
    • Value Estimation by Request
      1.82 Acres

      13470 Briar St

      Land • 1.82 Acres
      13470 Briar St, Leawood, KS 66209
      View Details
    • Value Estimation by Request
      8.50 Acres

      5500 127Th St

      Land • 8.50 Acres
      5500 127Th St, Overland Park, KS 66209
      View Details
    • Value Estimation by Request
      1.30 Acres

      3691 135 St

      Land • 57,896 SF
      3691 135 St, Leawood, KS 66209
      View Details
    • Value Estimation by Request

      133rd Of Msn Rd

      Land
      133rd Of Msn Rd, Leawood, KS 66209
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Leawood Land with 135th Street Frontage

      1.61 acres of land with mixed-use zoning.
      13480 Briar Dr, Leawood, KS 66209
      View Details
    • $300,000
      0.34 Acres

      Residential Lot in Leawood, KS

      Exceptional homesite in a desirable Leawood location, ready to build.
      5448 W 128Th Ter, Leawood, KS 66209
      View Details
    • Contact for pricing
      4,300 SF

      Leawood Land for Sale

      Commercial land available in Leawood, Kansas.
      13112-13220 State Line Rd, Leawood, KS 66209
      View Details
    • Contact for pricing

      Leawood Business Park Land Available

      Development-ready sites in excellent Leawood Business Park location.
      14108 Overbrook Rd, Leawood, KS 66209
      View Details
    • Contact for pricing

      Leawood Retail Location For Sale

      Prime retail location in Leawood, Kansas with high visibility.
      135Th St & Msn Rd, Leawood, KS 66209
      View Details
    • Contact for pricing

      Leawood Business Park Land Parcels

      Development-ready land parcels in Leawood Business Park, ranging from 1.13-14.41 acres.
      14104 Overbrook Rd, Leawood, KS 66209
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Leawood Commercial Space Available

      Commercial space for lease in Leawood, Kansas.
      13112-13220 State Line Rd, Leawood, KS 66209
      View Details
    • Contact for pricing

      Overland Park Retail Spaces Available

      Retail spaces available in high-traffic Overland Park shopping center.
      121st St & Metcalf Ave Overland Park, Overland Park, KS 66209
      View Details
    • Contact for pricing

      Overland Park Retail Leasing Opportunity

      Retail space available in Overland Park with excellent visibility.
      12045 Metcalf Ave, Overland Park, KS 66209
      View Details
    • Contact for pricing

      Commercial Space in Overland Park

      Commercial space available for rent in Overland Park, Kansas.
      5525 W 119Th St, Overland Park, KS 66209
      View Details
    • Contact for pricing

      Leawood Retail Center For Rent

      Boutique retail center in a strong Leawood market.
      4800 W 135 St, Leawood, KS 66209
      View Details
    • Contact for pricing
      1,330 SF

      Leawood Retail/Office Space Available

      Retail/office space in a prestigious Leawood location.
      12242-12260 State Line Rd, Leawood, KS 66209
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    135Th St. & Msn Rd
    Leawood, KS 66209
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!