87 87Th St Lenexa, KS 66219
This exceptional 27.5-acre site in Lenexa, Kansas, presents a unique opportunity for development. Located at the prominent intersection of 87th & Penrose, in the heart of City Center Lenexa, this property offers unparalleled visibility and accessibility. The site is zoned for a mixed-use development, allowing for a variety of uses, including office and retail spaces. Current plans envision a six-story, 200,000 square foot Class A building, with ground floor retail space. However, developers are encouraged to explore and submit their own concepts for this high-profile location. The entire 200,000 square feet is currently vacant, providing a blank canvas for a new development. The property boasts ample structured parking to accommodate tenants and visitors. Situated in Johnson County, Kansas, with a 66219 zip code, this location offers easy access to major transportation routes and a thriving business community. This is an unparalleled chance to create a landmark development in a rapidly growing area of Lenexa, establishing a prominent presence in the city's revitalized downtown. The property's size and location make it ideal for a corporate headquarters, a multi-tenant office building, or a large-scale retail center. Don't miss this chance to be part of Lenexa's exciting future.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.