Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    14711 114Th Ter Lenexa, KS 66215
    Back to Search
    Property profile & analytics

    14711 114Th Ter Lenexa, KS 66215

    View on Map
    • Industrial properties
    • 17,212 SF
    • 2.51 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Industrial properties

    Property Details for 14711 114Th Ter

    Year built
    2000
    Lot size
    2.51 lot acres
    Property size
    17,212 SF
    Property type
    Industrial properties
    Property subtype
    Flex space

    Description

    This exceptional 17,212-square-foot industrial flex space is available for lease in Lenexa, Kansas. Located at 14705-14719 W. 114th Terrace, this single-tenant property sits on a generous 2.51 acres of land and was constructed in 2000. The building boasts a functional layout ideal for a variety of industrial and flex uses, perfectly suited for businesses requiring both office and warehouse space. The property features one loading dock, simplifying logistics and material handling. The zoning designation is BP-1, offering flexibility for permitted uses. The address is 14711 W 114th Terrace, Lenexa, KS 66215. This prime location offers easy access to major transportation routes, ensuring efficient distribution and convenient commutes for employees. The property's size and features make it an attractive option for businesses seeking to expand or relocate in the thriving Lenexa market. With its ample space and strategic location, this property presents a significant opportunity for growth and success. The total building square footage is 17,212 square feet. This is a single-tenant property.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lenexa
    County
    Johnson
    State
    Kansas
    Longitude
    -94.7564
    Latitude
    38.9204

    Comparable in this City

    • Value Estimation by Request
      745,140 SF

      & Interstate 35 College Blvd

      Flex space • 745,140 SF
      & Interstate 35 College Blvd, Lenexa, KS 66215
      View Details
    • Value Estimation by Request
      70,589 SF

      10932-10950 Strang Line Rd

      Distribution properties • 70,589 SF
      10932-10950 Strang Line Rd, Lenexa, KS 66215
      View Details
    • Value Estimation by Request
      49,662 SF

      11001-11037 Strang Line Rd

      Individual retail properties • 49,662 SF
      11001-11037 Strang Line Rd, Lenexa, KS 66215
      View Details
    • Value Estimation by Request

      14871 95Th St

      Flex space
      14871 95Th St, Lenexa, KS 66215
      View Details
    • Value Estimation by Request
      70,589 SF

      10932-10950 Strang Line Rd

      Distribution properties • 70,589 SF
      10932-10950 Strang Line Rd, Lenexa, KS 66215
      View Details
    • Value Estimation by Request
      147,246 SF

      10800-10836 Strang Line Rd

      Distribution properties • 147,246 SF
      10800-10836 Strang Line Rd, Lenexa, KS 66215
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      70,589 SF

      Lenexa Flex/Industrial Property For Sale

      Flex/industrial property available for sale in Lenexa, Kansas.
      10932-10950 Strang Line Rd, Lenexa, KS 66215
      View Details
    • Contact for pricing
      13,754 SF

      Lenexa Industrial Building with Expansion

      13,754 SF industrial building on 2.31 acres.
      14144 Santa Fe Trail Dr, Lenexa, KS 66215
      View Details
    • Contact for pricing
      8,000 SF

      Single Story Office/Flex Space

      8,000 SF single-story office/flex space with dock and parking.
      14563 W 96Th Ter, Lenexa, KS 66215
      View Details
    • Contact for pricing
      13,754 SF

      Lenexa Industrial Building For Sale

      13,754 SF industrial building in Lenexa, Kansas.
      14144 Santa Fe Trail Dr, Lenexa, KS 66215
      View Details
    • $1,500,000
      8,000 SF

      Lenexa Medical/Office Investment Opportunity

      Medical and office property for sale in Lenexa, Kansas.
      8650 Candlelight Ln, Lenexa, KS 66215
      View Details
    • $350,000
      Pending

      Updated Lenexa Townhome with Garage

      Updated townhome in Lenexa with modern comfort and convenience.
      12521 W 85 Ter, Lenexa, KS 66215
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Lenexa Flex and Warehouse Space

      Flex, industrial, office, and warehouse spaces available for lease.
      11066 Strang Line Rd, Lenexa, KS 66215
      View Details
    • Contact for pricing
      22,581 SF

      Lenexa Flex Space Available

      Flex space with excellent freeway access and high parking ratios.
      10846-10890 Strang Line Rd, Lenexa, KS 66215
      View Details
    • Contact for pricing

      Lenexa Flex/Industrial Space Available

      Flex, industrial, and office spaces for lease in Lenexa.
      10932-10950 Strang Line Rd, Lenexa, KS 66215
      View Details
    • Contact for pricing

      Climate-Controlled Warehouse with Mezzanine

      2,000 SF warehouse with climate control and mezzanine.
      13920 W 108Th St, Lenexa, KS 66215
      View Details
    • Contact for pricing
      1,841 SF

      Lenexa Flex/Industrial Space Available

      Flex/industrial space available for lease in Lenexa, Kansas.
      12802 Santa Fe Trail Dr, Lenexa, KS 66215
      View Details
    • Contact for pricing

      Lenexa Flex Space Available

      Flex space available with interstate access in Lenexa, Kansas.
      13400-13428 W 99Th St, Lenexa, KS 66215
      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.
    14711 114Th Ter
    Lenexa, KS 66215
    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

    Thank You for Inquiry
    14711 114Th Ter, Lenexa, KS, 66215
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!