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    Property profile & analytics

    15920 87th St Pkwy Lenexa, KS 66219-9710

    • Drive through restaurants
    • 5,612 SF
    • 1.68 lot acres
    OFF-MARKET
    Value Estimation
    $715,000
    Location Intelligence
    Property ID
    US33-0278970
    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

    • Drive through restaurants

    Property Details for 15920 87th St Pkwy

    Year built
    1990
    Construction
    FRAME
    Lot size
    1.68 lot acres
    Property size
    5,612 SF
    Zone code
    CP2
    Property type
    Drive through restaurants
    APN
    IF241229-2014
    APU
    IF2412292014

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $650,000

    • CAP approach

      CAP return
      Estimation
      6%
      $915,000
      6.5%
      $1,090,000
      7%
      $990,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,080,000
      Geo Method
      $865,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,020,000
      Retail
      $960,000
      Mixed-Use
      $1,075,000
      Hospitality
      $1,040,000
      Educational
      $805,000
      Residential Income
      $860,000
      Energy
      $845,000
      Income-Based Land
      $950,000
      Food Service
      $1,075,000

    Location Insight

    • Map
    • Local Demand
    City
    Lenexa
    County
    Johnson
    State
    Kansas
    Longitude
    -94.7729
    Latitude
    38.9715
    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
    $80,872
    $325,443
    $378,308
    $703,751
    -
    $1,301,770
    $1,513,230
    $2,815,000

    Comparable in this City

    • Value Estimation
      $610,000
      2,349 SF

      16130 87th St Pkwy

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,349 SF
      16130 87th St Pkwy, Lenexa, KS 66219-9716
      View Details
    • Value Estimation
      $780,000
      3,624 SF

      16300 87th St

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,624 SF
      16300 87th St, Lenexa, KS 66219-9712
      View Details
    • Value Estimation
      $485,000
      3,527 SF

      9510 Lackman Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,527 SF
      9510 Lackman Rd, Lenexa, KS 66219-1204
      View Details
    • Value Estimation
      $610,000
      4,668 SF

      15911 87th St Pkwy

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,668 SF
      15911 87th St Pkwy, Lenexa, KS 66219-9725
      View Details
    • Value Estimation
      $550,000
      1,368 SF

      15745 87th St Pkwy

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,368 SF
      15745 87th St Pkwy, Lenexa, KS 66219-1437
      View Details
    • Value Estimation
      $600,000
      1,681 SF

      9400 Renner Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,681 SF
      9400 Renner Blvd, Lenexa, KS 66219
      View Details

    Similar Nearby for Sale

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      Lenexa Commercial Land - 9.62 Acres

      Prime Lenexa land, I-435 access.
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      Lenexa Land for Development

      2.6 acres of land ready for development in Lenexa.
      17055 W 96Th Ter, Lenexa, KS 66219
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    Similar Nearby for Lease

    • Contact for pricing
      12,443 SF

      Lenexa Retail Center - 3 Suites Available

      Prime Lenexa location, 12,443 sqft, multiple suites.
      87th St Pkwy And Renner Blvd, Lenexa, KS 66219
      View Details
    • Contact for pricing
      24,050 SF

      Lenexa Executive Office Space

      Prime Lenexa location, 24,050 sqft available.
      0 87 & Renner Blvd, Lenexa, KS 66219
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    • Contact for pricing
      1 SF

      87Th Street Pkwy

      Restaurants • 1 SF
      0 87Th Street Pkwy, Lenexa, KS 66219
      View Details
    • Contact for pricing
      7,480 SF

      Lenexa City Center Retail Space

      Retail space in Lenexa City Center near Kiewit Headquarters.
      16732 W 87Th Street Pkwy, Lenexa, KS 66219
      View Details
    • $18 SF/Yr
      5,000 SF

      Restaurant Space in Lenexa, Kansas

      Turn-key restaurant space in a busy, highly occupied shopping center.
      15117 W 87Th Street Pkwy, Lenexa, KS 66219
      View Details
    • Contact for pricing
      10,727 SF

      Lenexa City Center Retail Space

      New retail spaces, prime Lenexa location.
      0 87Th Ln, Lenexa, KS 66219
      View Details

    Property Visit Statistics

    • Visits by month
      45.3k
    • Visitors by month
      27.9k
    • Avg Time on site
      10 min
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    Lenexa, KS 66219-9710
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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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