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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    12480 62nd Ter Shawnee, KS 66216-1809

    • Office Properties & Spaces
    • 11,484 SF
    • 0.54 lot acres
    OFF-MARKET
    Last Sale
    Jul 16, 2021
    Value Estimations
    $440,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US33-0146032
    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 12480 62nd Ter

    Year built
    1983
    Construction
    FRAME
    Lot size
    0.54 lot acres
    Property size
    11,484 SF
    Zone code
    CH
    Property type
    Office Properties & Spaces
    APN
    QP64600000 0001
    APU
    QP646000000001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $515,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $367,000
      Market price range: $368k - $965k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $615,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $640,000
      Change: +4% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $525,000
      Change: -15% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Shawnee
    County
    Johnson
    State
    Kansas
    Longitude
    -94.7305
    Latitude
    39.0163
    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
    $17,204
    $41,380
    $114,120
    $155,500
    -
    $165,520
    $456,480
    $622,000

    Comparable in this City

    • Value Estimation
      $280,000
      1,446 SF

      6339 Long Ave Ste D

      CONDOMINIUM OFFICES • 1,446 SF
      6339 Long Ave Ste D, Shawnee, KS 66216-2564
      View Details
    • Value Estimation by Request
      36,992 SF

      7749-7807 Quivira Rd

      Restaurants • 36,992 SF
      7749-7807 Quivira Rd, Shawnee, KS 66216
      View Details
    • Value Estimation by Request
      9,900 SF

      6221 Richards Dr

      OFFICE (GENERAL) • 9,900 SF
      6221 Richards Dr, Shawnee, KS 66216-1724
      View Details
    • Value Estimation by Request
      1,950 SF

      7902-7925 Quivira Rd

      Office Properties & Spaces • 1,950 SF
      7902-7925 Quivira Rd, Shawnee, KS 66216
      View Details
    • Value Estimation
      $305,000
      6,775 SF

      7420 Quivira Rd

      OFFICE (GENERAL) • 6,775 SF
      7420 Quivira Rd, Shawnee, KS 66216-3504
      View Details
    • Value Estimation
      $260,000
      900 SF

      12304 Johnson Dr

      OFFICE (GENERAL) • 900 SF
      12304 Johnson Dr, Shawnee, KS 66216-1912
      View Details

    Similar Nearby for Sale

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      1,341 SF

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      Duplex in Lenexa, Shawnee Mission schools, with basement garage.
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    • $210,000
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      Residential Land in Established Neighborhood

      Scenic lot in Shawnee's Lakeview Estates with utilities available.
      5703 Cottonwood St, Shawnee, KS 66216
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      Duplex in Lenexa, Shawnee Mission school district, TLC potential.
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    • $1,900,000
      0.58 Acres

      Retail Strip Mall Investment Opportunity

      Fully occupied retail strip mall with long-term tenants and recent upgrades.
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    • $525,000
      3.60 Acres

      Shawnee Land Development Opportunity

      Platted parcels in Quivira Hills neighborhood, Shawnee, Kansas.
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    • Contact for pricing
      6.70 Acres

      Shawnee, KS Commercial Land - 6.7 Acres

      Prime Commercial Land, Shawnee, KS. High Visibility.
      0 Of Lackman, Shawnee, KS 66216
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    Similar Nearby for Lease

    • $15 SF/Yr
      36,992 SF

      Lenexa Plaza: Prime Retail Space

      Neighborhood shopping center; flexible suites available.
      7749-7807 Quivira Rd, Shawnee, KS 66216
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    • Contact for pricing
      187,025 SF

      Shawnee Retail Center Investment

      Prime Shawnee retail space available.
      & Quivira Nwc Of Shawnee Msn Pkwy, Shawnee, KS 66216
      View Details
    • Contact for pricing

      Commercial Pad Sites Available

      Pad sites for sale, lease, or build-to-suit in Shawnee.
      22701 W 55Th Pl, Shawnee, KS 66216
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    • $20 SF/Yr
      53,625 SF

      Quivira Square Retail Center Investment

      Lenexa, KS Retail Space - High Traffic Area
      7820 Quivira Rd, Lenexa, KS 66216
      View Details
    • $15 SF/Yr
      2,160 SF

      Retail Space in Lenexa, Kansas

      Retail space available for lease in Lenexa, Kansas.
      7747 Quivira Rd, Lenexa, KS 66216
      View Details
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    12480 62nd Ter
    Shawnee, KS 66216-1809
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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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