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    Property profile & analytics

    16111 87th Ter Lenexa, KS 66219-2765

    • Strip malls
    • 8,273 SF
    OFF-MARKET
    Value Estimation
    $625,000
    Last Sale
    Mar 01, 2021
    Location Intelligence
    Property ID
    US33-1668102
    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

    • Strip malls

    Property Details for 16111 87th Ter

    Year built
    2020
    Property size
    8,273 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    IP69300000 0003
    APU
    IP693000000003

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $610,000

    • CAP approach

      CAP return
      Estimation
      6%
      $765,000
      6.5%
      $650,000
      7%
      $650,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $745,000
      Geo Method
      $685,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $725,000
      Retail
      $755,000
      Mixed-Use
      $630,000
      Hospitality
      $650,000
      Educational
      $760,000
      Residential Income
      $800,000
      Energy
      $675,000
      Income-Based Land
      $730,000
      Food Service
      $685,000

    Location Insight

    • Map
    • Local Demand
    City
    Lenexa
    County
    Johnson
    State
    Kansas
    Longitude
    -94.772
    Latitude
    38.9709
    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
    $96,534
    $279,153
    $362,098
    $641,251
    -
    $1,116,610
    $1,448,390
    $2,565,000

    Comparable in this City

    • Value Estimation by Request
      94,081 SF

      8550 Maurer Rd

      SHOPPING CENTER, STRIP CENTER • 94,081 SF
      8550 Maurer Rd, Lenexa, KS 66219-1100
      View Details
    • Value Estimation
      $640,000
      14,505 SF

      9540 Lackman Rd

      SHOPPING CENTER, STRIP CENTER • 14,505 SF
      9540 Lackman Rd, Lenexa, KS 66219
      View Details
    • Value Estimation
      $935,000
      20,270 SF

      15117 87th St Pkwy

      SHOPPING CENTER, STRIP CENTER • 20,270 SF
      15117 87th St Pkwy, Lenexa, KS 66219-1405
      View Details
    • Value Estimation
      $765,000
      8,053 SF

      9325 Harbinger St

      SHOPPING CENTER, STRIP CENTER • 8,053 SF
      9325 Harbinger St, Lenexa, KS 66219
      View Details
    • Value Estimation
      $705,000
      8,178 SF

      8700 Lackman Rd

      SHOPPING CENTER, STRIP CENTER • 8,178 SF
      8700 Lackman Rd, Lenexa, KS 66219-1197
      View Details
    • Value Estimation
      $920,000
      14,212 SF

      9450 Renner Blvd

      SHOPPING CENTER, STRIP CENTER • 14,212 SF
      9450 Renner Blvd, Lenexa, KS 66219
      View Details

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      Lenexa Commercial Land - 9.62 Acres

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    Similar Nearby for Lease

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      5,000 SF

      Restaurant Space in Lenexa, Kansas

      Turn-key restaurant space in a busy, highly occupied shopping center.
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      Lenexa Executive Office Suites

      Class A Office Space, Multiple Suites Available
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      200,000 SF

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      Lenexa Executive Office Space

      Prime Lenexa location, 24,050 sqft available.
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      Lenexa Retail Center - 35,000 SF

      Prime Lenexa retail space, multiple tenants.
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      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

    Property Visit Statistics

    • Visits by month
      8.0k
    • Visitors by month
      7.4k
    • Avg Time on site
      21 min
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    Lenexa, KS 66219-2765
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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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