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    12122 State Line Rd Leawood, KS 66209

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    12122 State Line Rd Leawood, KS 66209

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    • Community centers
    • 9,900 SF
    For Lease
    $510,000
    View Listing →
    Remodeled Office/Retail Space Available For Lease
    $510,000
    1,400 SF

    Remodeled Office/Retail Space Available

    Recently remodeled office/retail space available for sublease.

    12122 State Line Rd, Leawood, KS 66209
    View Listing
    Property ID
    US33-0818323
    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
    $510,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Community centers

    Property Details for 12122 State Line Rd

    Year built
    1987
    Property size
    9,900 SF
    Property type
    Community centers
    Property subtype
    Shopping centers
    APN
    HP70000000 0003
    APU
    HP700000000003

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $655,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $363,000
      Market price range: $364k - $880k

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $670,000
      Current use
      RETAIL STORES
      $805,000
      Change: +20% Conversion: Easy
      AUTO REPAIR, GARAGE
      $755,000
      Change: +12% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $550,000
      Change: -18% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Leawood
    County
    Johnson
    State
    Kansas
    Longitude
    -94.6081
    Latitude
    38.909
    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
    $36,803
    $169,745
    $152,505
    $322,250
    -
    $678,980
    $610,020
    $1,289,000

    Comparable in this City

    • Value Estimation by Request
      1,402 SF

      13112-13220 State Line Rd

      Lifestyle centers • 1,402 SF
      13112-13220 State Line Rd, Leawood, KS 66209
      View Details
    • Value Estimation
      $3,275,000
      34,501 SF

      4403 119th St

      MINI-MALL • 34,501 SF
      4403 119th St, Leawood, KS 66209-1516
      View Details
    • Value Estimation
      $625,000
      12,960 SF

      12242 State Line Rd

      MINI-MALL • 12,960 SF
      12242 State Line Rd, Leawood, KS 66209-1256
      View Details
    • Value Estimation
      $8,805,000
      99,094 SF

      5000 119th St

      MINI-MALL • 99,094 SF
      5000 119th St, Leawood, KS 66209-1525
      View Details
    • Value Estimation
      $615,000
      5,550 SF

      12100 State Line Rd

      MINI-MALL • 5,550 SF
      12100 State Line Rd, Leawood, KS 66209-1201
      View Details
    • Value Estimation by Request
      131,300 SF

      6301 119Th St

      Lifestyle centers • 131,300 SF
      6301 119Th St, Leawood, KS 66209
      View Details

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      The Fountains Shopping Center

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      Leawood Land with 135th Street Frontage

      1.61 acres of land with mixed-use zoning.
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      Exceptional homesite in a desirable Leawood location, ready to build.
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      Leawood Retail Location For Sale

      Prime retail location in Leawood, Kansas with high visibility.
      135Th St & Msn Rd, Leawood, KS 66209
      View Details
    • Contact for pricing

      Leawood Business Park Land Available

      Development-ready sites in excellent Leawood Business Park location.
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    • Contact for pricing

      Leawood Business Park Land Parcels

      Development-ready land parcels in Leawood Business Park, ranging from 1.13-14.41 acres.
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    Similar Nearby for Lease

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      Overland Park Retail Spaces Available

      Retail spaces available in high-traffic Overland Park shopping center.
      121st St & Metcalf Ave Overland Park, Overland Park, KS 66209
      View Details
    • Contact for pricing
      1,711 SF

      Leawood Retail Space For Rent

      Regional shopping center in Leawood, Kansas with retail space.
      5220-5227 W 119Th St, Leawood, KS 66209
      View Details
    • Contact for pricing
      6,517 SF

      Leawood Retail Space For Rent

      Regional shopping center space available in Leawood, Kansas.
      5000 W 119Th St, Leawood, KS 66209
      View Details
    • Contact for pricing
      2,960 SF

      Retail Space in Leawood, Kansas

      2,960 SF retail space available in Leawood, Kansas.
      6301-6685 W 119Th St, Leawood, KS 66209
      View Details
    • Contact for pricing
      1,487 SF

      Upscale Retail Space in Kansas

      Retail space in high-income area near major transportation routes.
      4709-5065 W 119Th St, Shawnee Mission, KS 66209
      View Details
    • Contact for pricing

      Overland Park Retail Leasing Opportunity

      Retail space available in Overland Park with excellent visibility.
      12045 Metcalf Ave, Overland Park, KS 66209
      View Details
    View Listing
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    12122 State Line Rd
    Leawood, KS 66209
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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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