12208 87th St Pkwy Lenexa, KS 66215-2812
This exceptional single-story, 14,600 square foot medical office building, constructed in 1982 and extensively renovated in 2024, presents a unique investment opportunity. The property boasts three suites, with 8,841 square feet currently vacant. This significant vacancy includes 20 fully equipped exam rooms, a former lab space, one x-ray room, and eight individual offices, providing ample space for a variety of medical or traditional office uses. The building enjoys a highly desirable location with convenient access to I-35, ensuring easy commutes for both staff and patients. Furthermore, its proximity to a walkable area with numerous restaurants and retail establishments enhances its appeal. High visibility is guaranteed with available monument and building signage, benefiting from exposure to 29,559 cars per day on 87th Parkway. The building's recent renovation ensures modern amenities and functionality, making it an ideal space for a growing practice or business seeking a well-maintained and strategically located property. This is a rare opportunity to acquire a versatile and well-positioned commercial property in a thriving area. The substantial vacant space offers significant potential for immediate occupancy and future expansion.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
CPO · Lenexa, KSCosts & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.