Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    11200 87th St Lenexa, KS 66214-1504

    • Grocery and convenience stores
    • 4,826 SF
    • 1.86 lot acres
    OFF-MARKET
    Last Sale
    Oct 08, 2020
    Value Estimations
    $760,000
    Show details
    Cap Rate Potential
    8.7%
    Grocery and convenience stores
    Location Intelligence
    Property ID
    US33-1654807
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Grocery and convenience stores

    Property Details for 11200 87th St

    Year built
    2021
    Construction
    FRAME
    Lot size
    1.86 lot acres
    Property size
    4,826 SF
    Zone code
    CP3
    Property type
    Grocery and convenience stores
    APN
    IP07700000 0001
    APU
    IP077000000001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $575,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $835,000
      6.5%
      $770,000
      7%
      $715,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $914,000
      Market price range: $586k - $947k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $655,000
      RETAIL STORES
      $395,000
      AUTO REPAIR, GARAGE
      $365,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lenexa
    County
    Johnson
    State
    Kansas
    Longitude
    -94.7159
    Latitude
    38.9719
    CBSA code
    28140
    CBSA name
    KANSAS CITY, MO-KS METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $68,604
    $131,975
    $459,600
    $591,575
    -
    $527,900
    $1,838,400
    $2,366,300

    Comparable in this City

    • Value Estimation
      $385,000
      1,297 SF

      11019 75th St

      CONVENIENCE STORE • 1,297 SF
      11019 75th St, Shawnee, KS 66214-1107
      View Details
    • Value Estimation
      $595,000
      4,255 SF

      10301 75th St

      CONVENIENCE STORE • 4,255 SF
      10301 75th St, Shawnee, KS 66214-1101
      View Details
    • Value Estimation by Request

      10749 84th Ter

      RETAIL STORES (PERSONAL SERVICES)
      10749 84th Ter, Overland Park, KS 66214-3612
      View Details
    • Value Estimation
      $570,000
      27,736 SF

      11310 89th St

      GYM, HEALTH SPA • 27,736 SF
      11310 89th St, Overland Park, KS 66214
      View Details
    • Value Estimation
      $470,000
      9,784 SF

      11101 87th St

      FINANCIAL BUILDING • 9,784 SF
      11101 87th St, Overland Park, KS 66214-1503
      View Details
    • Value Estimation
      $255,000
      1,616 SF

      10321 75th St

      RETAIL STORES (PERSONAL SERVICES) • 1,616 SF
      10321 75th St, Shawnee, KS 66214-1101
      View Details

    Similar Nearby for Sale

    • $1,600,000
      8,049 SF

      Freestanding Building on 1.75 Acres

      8,049 SF building on 1.75 acres with ample parking.
      8693 Bluejacket St, Overland Park, KS 66214
      View Details
    • $3,850,000
      28,481 SF

      Executive Office Building For Sale

      Lenexa, KS: Prime Office Space Available
      8551 Bluejacket St, Lenexa, KS 66214
      View Details
    • Contact for pricing
      10,395 SF

      Lenexa Warehouse with Drive-in Doors

      Warehouse space featuring drive-in doors, near I-35.
      11751-11767 W 86Th Ter, Overland Park, KS 66214
      View Details
    • $3,392,960
      21,206 SF

      Furnished Office Building For Sale

      Single occupant office building in Pine Ridge Business Park.
      11701 W 79Th St, Overland Park, KS 66214
      View Details
    • Contact for pricing
      28,840 SF

      Lenexa Flex Space For Sale

      28,840 SF Industrial Flex Building
      8527 Bluejacket Dr, Lenexa, KS 66214
      View Details
    • Contact for pricing
      53,000 SF

      Available Flex Space with Office

      Flex space with office and highway access for sale.
      10312 W 79Th St, Overland Park, KS 66214
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      21,808 SF

      Retail Space Near Oak Park

      Retail space for lease near Oak Park Mall.
      11610-11620 W 95Th St, Overland Park, KS 66214
      View Details
    • Contact for pricing
      1,500 SF

      Retail Space Near Oak Park

      Retail space available near Oak Park Mall with strong co-tenancy.
      11748-11772 W 95Th St, Overland Park, KS 66214
      View Details
    • Contact for pricing
      2,844 SF

      Retail Space Near Oak Park

      Retail space for lease near Oak Park Mall.
      11524-11580 W 95Th St, Overland Park, KS 66214
      View Details
    • Contact for pricing
      2,378 SF

      Retail Space on 103rd Street

      Retail space available with high visibility and excellent access.
      10400-10514 W 103Rd St, Overland Park, KS 66214
      View Details
    • Contact for pricing
      1,750 SF

      Retail Space Near Oak Park

      Retail space available near Oak Park Mall with strong co-tenancy.
      11708-11744 W 95Th St, Overland Park, KS 66214
      View Details
    • Contact for pricing
      2,400 SF

      Retail Space with Hood

      Endcap retail space with hood and grease trap available.
      10403 W 75Th St, Overland Park, KS 66214
      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.
    11200 87th St
    Lenexa, KS 66214-1504
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.