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Property profile & analytics
FOR SALE
Warehouses
14400 College Blvd Lenexa, KS 66215
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US33-1095520
For Sale
1 / 4
$5,650,000
14400 College Blvd, Lenexa, KS 66215
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1996
Total area
40,281 SF
Lot
4.15 ac (180,774 SF)
APN
IP10520000 0003
UPID
US33-1095520
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.33M
Comparable Approach
Comparable
$2.21M
Blend (final)
Blend
$2.27M
Owner & transaction history
American Properties Of Kansas LLC · 4 yrs held
American Properties Of Kansas LLC
since 2021
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$3.5M
+87.6%
Auto repair, garage
$2.9M
+57.7%
Neighborhood: shopping center
$2.8M
+50.9%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Lenexa submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lenexa submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,525,000
6.5%
$2,330,000
7%
$2,165,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,855,000
Current use
RETAIL STORES
$3,480,000
Change: +88% · Conversion: Moderate
AUTO REPAIR, GARAGE
$2,925,000
Change: +58% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$2,800,000
Change: +51% · Conversion: Moderate
COMMERCIAL (GENERAL)
$2,030,000
Change: +9% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,840,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$2.27M
Range $2.04M – $2.50M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$56 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$118,749
Tax year 2023
Assessed value
$924,250
Assessed 2023
Previous assessed
$825,000
+12.0% YoY
Effective rate
12.85%
On assessed value
Assessed land
$158,200
Assessed improvement
$766,050
Land market value
$632,800
Improvement market value
$3,064,200
Total market value
$3,697,000
Applied tax rate
607.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
For Sale
Year built
1996
Heating
NONE
Cooling
NONE
Stories
1
Units
1
Total area
40,281 SF
Lot
4.15 ac (180,774 SF)
APN
IP10520000 0003
UPID
US33-1095520
Jurisdiction
JOHNSON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.9M
RETAIL STORES
Est. value
$3.5M
AUTO REPAIR, GARAGE
Est. value
$2.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.8M
COMMERCIAL (GENERAL)
Est. value
$2.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.8M
WAREHOUSE, STORAGE Current
RETAIL STORES
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1996
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
4.15 ac
Current owner
From public records · entity-resolved
American Properties Of Kansas LLC
Entity
Mailing address
14400 COLLEGE BLVD, LENEXA, KS 66215-2063
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 12, 2021
—
American Properties Of Kansas LLC
Dgm College LLC
Special Warranty Deed
$2,840,000 · Corefirst Bank & Trust
Jul 12, 2017
—
Dgm College LLC
Dennis Mcbride
Quit Claim Deed
related
—
Jan 12, 2017
—
Dennis Mcbride
Hughes Realty Company LLC
Warranty Deed
$2,400,000 · Security Bank Of Kansas City
Jul 1, 2011
—
College L LLC
Hughes Realty Company LLC
Special Warranty Deed
—
Jan 6, 2010
—
Hughes Realty Company LLC
Marc Enterprises L L C
Warranty Deed
$1,400,000 · Commerce Bank NA
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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