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11505 79th St Lenexa, KS 66214-1410

OFF-MARKET Warehouses Google Maps
26,354 SF 2.05 ac lot Built 1997
Entity Owned 8-yr Hold Free & Clear
Estimated value (blended)
$1.03M
Range $927k – $1.13M (±10%)
Property ID US33-0314809

Property summary

AI-generated overview

This exceptional single-tenant industrial property, located at 11505-11529 W 79th St in Johnson County, offers ±8,621 square feet of versatile space, ideally suited for a variety of businesses. Built in 1997, the building boasts a 1-story design with an impressive 18-foot clear ceiling height, providing ample room for storage and operations. The property features a convenient mix of office and warehouse space, approximately a 50/50 split, ensuring functionality for both administrative and operational needs. Loading is facilitated by both dock-high and drive-in options, enhancing efficiency and accessibility. The expansive 26,354 square foot building sits on a parcel identified by APN IP60510000-0003A. Ample parking is available with 55 spaces provided for employees and visitors. The property benefits from excellent highway access, simplifying transportation and logistics. The space is available for lease starting February 1st, 2025, at a rate of $8.50 per square foot, NNN. This presents a unique opportunity to secure a well-maintained, strategically located industrial property in a thriving Johnson County market.

Property profile

Verified
Property type Warehouses
Use group MINI-WAREHOUSE, STORAGE
Year built 1997
Construction CONCRETE BLOCKS
Total area 26,354 SF
Lot 2.05 ac (89,298 SF)
Zoning code BP-1
APN IP60510000 0003A
UPID US33-0314809

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.03M
CAP Approach CAP
$1.53M
Comparable Approach Comparable
$1.24M
Blend (final) Blend
$1.03M

Owner & transaction history

since 2017
2 recorded transactions
2017
Price N/A
2006
Price N/A

Zoning & alternative use

BP-1 · Lenexa, KS
Zoning description

District CP-1 Planned Neighborhood Commercial District CP-2 Planned Community Commercial District CP-3 Planned Regional Commercial District CP-4 Planned Service Commercial District HBD Planned Historic Business District…

General category INDUSTRIAL
Top alternative use upside
Retail stores $1.9M +95.7%
Auto repair, garage $1.9M +93.1%
Neighborhood: shopping center $1.8M +77.8%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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