Property summary
Leawood Plaza, a 33,224-square-foot retail center in Leawood, Kansas (Johnson County, zip code 66209), presents a compelling value-add opportunity. Located on the west side of State Line Road, this Class B shopping center offers significant upside potential. Currently 75.5% occupied, the property features 8,132 square feet of readily leasable space and two month-to-month tenants below market rent, allowing for substantial NOI growth exceeding 70%. The average in-place rent is $16.23 per… square foot, with eight tenants paying below market rates ($8.57 to $17.00 PSF), compared to market rates of $17.00 to $25.00 PSF along the State Line corridor. This presents a clear opportunity for rent increases upon lease renewal. The property boasts a strong tenant mix, including national brands like Edward Jones, State Farm, Papa Murphy's, Duck Donuts, and UPS, alongside a diverse range of service-based businesses. Four tenants (26.5% of the rent roll) have occupied the center for over 10 years, contributing to a weighted average lease term of 4.0 years. The center is shadow-anchored by Dan & Cassidy Towriss IDEA Space, a state-of-the-art learning center. Built between 1986 and 1987, the property comprises four single-story buildings on a 5.42-acre lot. The asking price is $5,650,000, with a current NOI of $351,529 and a pro-forma NOI of $597,647, representing a 6.22% cap rate and a pro-forma cap rate of 10.58%, respectively. This investment offers a blend of established tenants and significant potential for increased profitability.
Ownership intelligence
Resolved identity, portfolio, hold profile and investor signals. Included in the full report.
Owner contacts
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Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2023
Value estimate
· Sep 2026Realmo valuation models over county records.
Recently sold
No data for this sectionNo cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
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Comparables
6 recent transactions · within 1.5 miComparable in this City
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Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Price sensitivity
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The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
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The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
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