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    11221 Roe Ave Leawood, KS 66211
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    Property profile & analytics

    11221 Roe Ave Leawood, KS 66211

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    • Office properties & Spaces
    • 48,805 SF
    • 3.47 lot acres
    For Lease
    $22 SF/Yr
    View Listing →
    Leawood Office Space For Rent For Lease
    $22 SF/Yr
    1,270 SF

    Leawood Office Space For Rent

    Office space available in Leawood, Kansas, near Town Center.

    11221 Roe Ave, Leawood, KS
    View Listing
    Property ID
    US33-0447502
    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.
    Value Estimations
    $1,160,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office properties & Spaces

    Property Details for 11221 Roe Ave

    Year built
    1987
    Construction
    FRAME
    Lot size
    3.47 lot acres
    Property size
    48,805 SF
    Zone code
    CPO
    Property type
    Office properties & Spaces
    APN
    HP32300000 0T0C
    APU
    HP323000000T0C

    Description

    This exceptional 39,548 square foot medical office building, located at 11221 Roe Avenue in Leawood, Kansas (zip code 66211), presents a unique opportunity for medical professionals seeking flexible and spacious accommodations. The entire building, totaling 39,548 square feet, is currently vacant and available for lease. The property is ideally suited for multiple tenants, offering a range of suite sizes to accommodate various practice needs. Individual suites range from a minimum of 1,270 square feet to a maximum contiguous space of 10,312 square feet, providing scalability for expanding businesses or collaborations. The building comprises five total suites, allowing for a diverse tenant mix or a single large occupant. Situated in Johnson County, Kansas, this property benefits from excellent visibility and accessibility, making it an attractive location for patients and staff alike. The address is conveniently located at 11221 Roe Ave, Overland Park, KS. This is a rare opportunity to secure a substantial, fully vacant medical office building in a highly desirable location. Interested parties are encouraged to inquire promptly.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $1,050,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,265,000
      Market price range: $655k - $2.08M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,460,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Leawood
    County
    Johnson
    State
    Kansas
    Longitude
    -94.639
    Latitude
    38.925
    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
    $148,269
    $340,178
    $958,073
    $1,298,251
    -
    $1,360,710
    $3,832,290
    $5,193,000

    Comparable in this City

    • Value Estimation
      $6,465,000
      608,252 SF

      11401 Lamar Ave

      OFFICE (GENERAL) • 608,252 SF
      11401 Lamar Ave, Overland Park, KS 66211-1508
      View Details
    • Value Estimation by Request
      2,174 SF

      11201 Nall Ave Ste, Unit 100

      CONDOMINIUM OFFICES • 2,174 SF
      11201 Nall Ave Ste, Leawood, KS 66211-1832
      View Details
    • Value Estimation by Request
      2,497 SF

      11213 Nall Ave Ste, Unit 130

      CONDOMINIUM OFFICES • 2,497 SF
      11213 Nall Ave Ste, Leawood, KS 66211-1833
      View Details
    • Value Estimation
      $3,750,000
      184,090 SF

      11400 Tomahawk Crk Pkwy

      OFFICE (GENERAL) • 184,090 SF
      11400 Tomahawk Crk Pkwy, Leawood, KS 66211-2672
      View Details
    • Value Estimation by Request
      5,960 SF

      10709 Barkley St

      OFFICE (GENERAL) • 5,960 SF
      10709 Barkley St, Overland Park, KS 66211-1167
      View Details
    • Value Estimation
      $2,545,000
      85,513 SF

      11150 Overbrook Rd

      OFFICE (GENERAL) • 85,513 SF
      11150 Overbrook Rd, Leawood, KS 66211-2240
      View Details

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      109,500 SF

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      Office building with up to 19,000 RSF contiguous available.
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      Class A Office Building Portfolio

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      Fully Leased Cath Lab

      Fully leased Cath Lab near I-435 and medical centers.
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    • $5,000,000
      51,178 SF

      Leawood Office Building For Sale

      51,178 SF office building in Leawood, Kansas.
      5200 W 110Th St, Leawood, KS 66211
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      Premier Mixed-Use Destination in Leawood

      Class A office, retail, and restaurant space in affluent Leawood.
      11500 Ash St, Leawood, KS 66211
      View Details

    Similar Nearby for Lease

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      Overland Park Office Space Available

      Office space for lease in Overland Park, Kansas.
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      Retail Space on College Boulevard

      Single tenant retail space available for rent on 1 acre.
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      2,679 SF

      Leawood Commercial Space For Rent

      Commercial space available for rent in Leawood, Kansas.
      11213 Nall Ave, Leawood, KS 66211
      View Details
    • Contact for pricing

      Overland Park Office Space Available

      Office space available for rent in Overland Park, Kansas.
      6700 College Blvd, Overland Park, KS 66211
      View Details
    • Contact for pricing
      902 SF

      Overland Park Class A Office

      Class A office space with I-435 visibility available for rent.
      4370 W 109Th St, Leawood, KS 66211
      View Details
    • Contact for pricing
      14,253 SF

      Leawood Office Space Available

      14,253 square foot office space for rent.
      11150 Overbrook Rd, Leawood, KS 66211
      View Details
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    Leawood, KS 66211
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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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