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Property profile & analytics
OFF-MARKET
Estimated value
$2,895,000
Office Spaces
11300 Corporate Ave Lenexa, KS 66219-1374
Trust Owned
18-yr Hold
~
Est. High Equity
Property ID
US33-0517875
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1990
Construction
CONCRETE
Total area
172,955 SF
Lot
10.74 ac (467,834 SF)
Zoning code
BP1
APN
IP69600005 0002
UPID
US33-0517875
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.90M
Owner & transaction history
Hrpt Lenexa Properties Trust · 18 yrs held
Hrpt Lenexa Properties Trust
since 2008
3 recorded transactions
Zoning & alternative use
BP1 · Lenexa, KS
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Lenexa submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lenexa submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$17 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$541,201
Tax year 2023
Assessed value
$4,234,751
Assessed 2023
Previous assessed
$4,029,501
+5.1% YoY
Effective rate
12.78%
On assessed value
Assessed land
$617,363
Assessed improvement
$3,617,388
Land market value
$2,469,450
Improvement market value
$14,469,550
Total market value
$16,939,000
Applied tax rate
607.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1990
Construction
CONCRETE
Heating
YES
Cooling
AC.PACKAGE
Stories
4
Units
1
Total area
172,955 SF
Lot
10.74 ac (467,834 SF)
Zoning code
BP1
APN
IP69600005 0002
UPID
US33-0517875
Jurisdiction
JOHNSON
Zoning & alternative use
BP1 · Lenexa, KS
Zoning BP1 · permitted uses
BP1 · Lenexa, KS
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lenexa. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1990
Construction
CONCRETE
Heating
YES
Cooling
Yes
Stories
4
Units
1
Lot
10.74 ac
Current owner
From public records · entity-resolved
Hrpt Lenexa Properties Trust
Trust
Mailing address
PO BOX 241468, OMAHA, NE 68124-5468
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 19, 2019
—
Southlake Holdings LLC
—
Deed
related
$6,647,931 · Emprise Bank
Jan 24, 2019
—
Southlake Investments Spe LLC
—
Deed
related
$57,000,000 · Morgan Stanley Bank NA
Jul 17, 2008
—
Hrpt Lenexa Properties Trust
Monaxa LP
Special Warranty Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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