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Property profile & analytics
OFF-MARKET
Estimated value
$1,030,000
Warehouses
14719 114th Ter Lenexa, KS 66215-4882
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US33-0758960
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2000
Construction
CONCRETE
Total area
17,176 SF
Lot
2.5 ac (108,900 SF)
Zoning code
BP1
APN
IP15100000 0016
UPID
US33-0758960
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
$685k
CAP Approach
CAP
$995k
Comparable Approach
Comparable
$1.06M
Blend (final)
Blend
$1.03M
Owner & transaction history
Lenexa 114 LLC · 1 yrs held
Lenexa 114 LLC
since 2024
2 recorded transactions
Zoning & alternative use
BP1 · Lenexa, KS
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.5M
+87.6%
Auto repair, garage
$1.3M
+57.7%
Neighborhood: shopping center
$1.2M
+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
$685,000
CAP Approach
CAP Return
Estimation
6%
$1,075,000
6.5%
$995,000
7%
$925,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$790,000
Current use
RETAIL STORES
$1,485,000
Change: +88% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,250,000
Change: +58% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,195,000
Change: +51% · Conversion: Moderate
COMMERCIAL (GENERAL)
$865,000
Change: +9% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$785,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$1.03M
Range $927k – $1.13M · ±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
$60 / 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
$58,184
Tax year 2023
Assessed value
$444,750
Assessed 2023
Previous assessed
$444,750
+0.0% YoY
Effective rate
13.08%
On assessed value
Assessed land
$95,365
Assessed improvement
$349,385
Land market value
$381,460
Improvement market value
$1,397,540
Total market value
$1,779,000
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
Off-Market
Year built
2000
Construction
CONCRETE
Heating
HOT WATER
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
17,176 SF
Lot
2.5 ac (108,900 SF)
Zoning code
BP1
APN
IP15100000 0016
UPID
US33-0758960
Jurisdiction
JOHNSON
Zoning & alternative use
BP1 · Lenexa, KS
Zoning BP1 · permitted uses
BP1 · Lenexa, KS
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lenexa. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$790,000
RETAIL STORES
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$1.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$865,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$785,000
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
2000
Construction
CONCRETE
Heating
HOT WATER
Cooling
Yes
Stories
1
Units
1
Lot
2.5 ac
Current owner
From public records · entity-resolved
Lenexa 114 LLC
Entity
Free & Clear · 1 yrs held
Mailing address
6401 W 187TH ST, STILWELL, KS 66085
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 3, 2024
—
Lenexa 114 LLC
Sc Lenexa Vii LLC
Intrafamily Transfer
related
—
Jun 8, 2015
—
Sc Lenexa Vii LLC
Kruger Properties LLC
Warranty Deed
$1,100,000 · Enterprise Bank & Trust
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.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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