Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    12345 95Th Ln Lenexa, KS 66215

    • Office Properties & Spaces
    • 31,582 SF
    • 1.96 lot acres
    For Lease
    View listing
    $3 SF/Yr
    Value Estimations
    $1,105,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US33-0622483
    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.

    Current Use by Public Records

    • Office Properties & Spaces

    Property Details for 12345 95Th Ln

    Year built
    1972
    Construction
    FRAME
    Lot size
    1.96 lot acres
    Property size
    31,582 SF
    Zone code
    CP2
    Property type
    Office Properties & Spaces
    APN
    IP33120000 0002
    APU
    IP331200000002

    Description

    Located in Lenexa, Kansas, at 12345 W 95th St, zip code 66215, this Johnson County property offers a diverse range of office solutions. The space caters to various business needs, from single-person offices to large corporate setups, providing traditional office spaces, executive suites, coworking areas, medical offices, and creative office environments. Tenancy is multiple, allowing for flexible configurations to suit different company sizes and structures. Options include fully furnished and equipped private offices, customizable to specific requirements, ranging from serviced offices to disaster recovery spaces and day offices. Coworking spaces offer shared office or open-plan areas, with options for daily or hot desk reservations. A comprehensive suite of meeting rooms is available, accommodating informal chats or formal presentations, training sessions, interviews, board meetings, or conferences, for durations ranging from an hour to several days. Virtual office solutions are also provided, including prime business addresses, mail handling, and professional virtual assistant services. Virtual Office packages include lounge access and office access for a specified number of days per month. Flexible working plans offer global access to a network of business lounges, private offices, and coworking spaces, with various day-access options. The facility's adaptable design allows for spaces ranging from 5 square meters to 1000 square meters or more. This location provides a professional, inspiring, and collaborative work environment, complete with a benefits program featuring exclusive discounts and bespoke procurement support.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $950,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,261,000
      Market price range: $1.11M - $2.52M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,590,000
      Current use
      WAREHOUSE, STORAGE
      $1,455,000
      Change: -9% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $1,445,000
      Change: -9% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Lenexa
    County
    Johnson
    State
    Kansas
    Longitude
    -94.7287
    Latitude
    38.9557
    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
    $71,527
    $305,558
    $364,693
    $670,251
    -
    $1,222,230
    $1,458,770
    $2,681,000

    Comparable in this City

    • Value Estimation by Request
      17,384 SF

      Lenexa Dr

      Medical offices • 17,384 SF
      0 Lenexa Dr, Lenexa, KS 66215
      View Details
    • Value Estimation by Request
      1.49 Acres

      Lenexa, KS 66215

      OFFICE (GENERAL) • 1.49 Acres
      Lenexa, KS 66215
      View Details
    • Value Estimation by Request
      4,964 SF

      11490 Strang Line Rd

      OFFICE (GENERAL) • 4,964 SF
      11490 Strang Line Rd, Lenexa, KS 66215-4046
      View Details
    • Value Estimation by Request
      3,812 SF

      13402 92nd St

      OFFICE (GENERAL) • 3,812 SF
      13402 92nd St, Lenexa, KS 66215-3637
      View Details
    • Value Estimation by Request
      6,000 SF

      13250 98th St

      OFFICE (GENERAL) • 6,000 SF
      13250 98th St, Lenexa, KS 66215-1359
      View Details
    • Value Estimation by Request
      4,608 SF

      9870 Quivira Rd

      OFFICE (GENERAL) • 4,608 SF
      9870 Quivira Rd, Lenexa, KS 66215-1664
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      70,589 SF

      College Crossing Business Park

      Lenexa, KS Flex Warehouse - 70,589 SF
      10932-10950 Strang Line Rd, Lenexa, KS 66215
      View Details
    • Contact for pricing
      35,454 SF

      College Crossing Office Park - Building E

      Lenexa, KS Executive Office Space For Sale
      11025-11091 Strang Line Rd, Lenexa, KS 66215
      View Details
    • $1,500,000
      8,000 SF

      Lenexa Medical/Office Investment Opportunity

      Medical and office property for sale in Lenexa, Kansas.
      8650 Candlelight Ln, Lenexa, KS 66215
      View Details
    • Contact for pricing
      28,041 SF

      Lenexa Office Building For Sale

      Office building with 28,041 square feet of space.
      11001-11037 Strang Line Rd, Lenexa, KS 66215
      View Details
    • Contact for pricing
      8,000 SF

      Single Story Office/Flex Space

      8,000 SF single-story office/flex space with dock and parking.
      14563 W 96Th Ter, Lenexa, KS 66215
      View Details
    • $150,000

      Lenexa Hookah Lounge Business

      Turnkey hookah café, high ROI potential.
      12235 87Th Street Pkwy, Lenexa, KS 66215
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      77,035 SF

      College Crossing Business Park - Flex Space

      Lenexa, KS: 77,035 SF Flex/Warehouse Space Available
      11036 Strang Line Rd, Lenexa, KS 66215
      View Details
    • Contact for pricing
      70,589 SF

      College Crossing: Lenexa Industrial Space

      70,589 SF Flex/Warehouse Space Available
      10932-10950 Strang Line Rd, Lenexa, KS 66215
      View Details
    • Contact for pricing
      65,900 SF

      College Crossing Business Park Space

      Johnson County flex space for lease. Multiple suites available.
      10902-10918 Strang Line Rd, Lenexa, KS 66215
      View Details
    • Contact for pricing
      22,000 SF

      Class A Medical Office Building

      Medical office building for lease in Lenexa City Center.
      W 87Th Street Pkwy, Lenexa, KS 66215
      View Details
    • Contact for pricing
      4,600 SF

      Lenexa Office Space Available

      4,600 sqft office space with multiple offices and parking.
      9870 Quivira Rd, Lenexa, KS 66215
      View Details
    • $32 SF/Yr
      2,790 SF

      Lenexa Office Space Available

      Office space available for lease in Lenexa, Kansas.
      10550 Quivira Rd, Lenexa, KS 66215
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    12345 95Th Ln
    Lenexa, KS 66215
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.