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    Property profile & analytics

    15602 College Blvd Lenexa, KS 66219

    • Warehouses
    • 1,758 SF
    • 0.04 lot acres
    OFF-MARKET
    Value Estimation
    $330,000
    Last Sale
    Nov 26, 2024
    Location Intelligence
    Property ID
    US33-0639291
    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

    • Warehouses

    Property Details for 15602 College Blvd

    Year built
    1989
    Construction
    CONCRETE BLOCKS
    Lot size
    0.04 lot acres
    Property size
    1,758 SF
    Zone code
    BP1
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    IP10700000 0T0L
    APU
    IP107000000T0L

    Description

    This exceptional Lenexa, Kansas office building, situated on a 2.58-acre lot at 15602-15618 College Boulevard, presents a compelling investment opportunity. Boasting 17,796 square feet of total building area, the property offers 17,796 rentable square feet, divisible to approximately 8,000 square feet, making it ideal for a variety of uses. Constructed in 1989 with durable masonry/CMU construction, the building features six drive-in doors and a convenient exterior scissor lift dock. Ample parking is provided with 109 shared spaces. The property benefits from excellent visibility due to its frontage on College Boulevard and enjoys convenient access to I-435 and I-35, ensuring easy commutes for employees and clients. Zoned BP-1, this property is being offered as a condo sale for $1,870,000. An adjoining 20,658 square foot space (15520-15600 College Blvd) is fully leased and may be included or excluded from the sale. The estimated net lease rate is $5.04 PSF. This is a rare opportunity to acquire a well-located, versatile office building in a thriving Kansas City suburb.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $305,000

    • CAP approach

      CAP return
      Estimation
      6%
      $395,000
      6.5%
      $460,000
      7%
      $420,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $425,000
      Geo Method
      $480,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $430,000
      Retail
      $430,000
      Mixed-Use
      $450,000
      Hospitality
      $435,000
      Educational
      $340,000
      Residential Income
      $360,000
      Energy
      $335,000
      Income-Based Land
      $355,000
      Food Service
      $360,000

    Location Insight

    • Map
    • Local Demand
    City
    Lenexa
    County
    Johnson
    State
    Kansas
    Longitude
    -94.7669
    Latitude
    38.9279
    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
    $5,888
    $4,630
    $41,620
    $46,250
    -
    $18,520
    $166,480
    $185,000

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    15602 College Blvd
    Lenexa, KS 66219
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    Realmo Value Estimation

    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.

    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.

    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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