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Property profile & analytics
FOR LEASE
Office Spaces

16825 W 116 St Lenexa, KS 66219

19,553 SF 3.17 ac lot Built 2001
Entity Owned 9-yr Hold Free & Clear
Property ID
US33-0529153
Property summary
AI-generated overview

This exceptional 7,000-square-foot flex space, located at 16825 W 116th St in Lenexa, Kansas, 66219, presents a unique opportunity for businesses seeking versatile office and industrial space. Built in 2001, the Renner Business Center offers a completely vacant, single-tenant occupancy option. The property boasts a flexible layout ideal for a variety of uses, catering to both office and industrial needs. The building's total square footage is 7,000 square feet, all of which is currently available for lease. Ample parking is provided with a ratio of six spaces per 1,000 square feet. This prime location in Lenexa, Kansas offers easy access to major transportation routes, making it an attractive option for businesses seeking convenient commutes and efficient logistics. The property is classified as both office and industrial, providing a unique blend of functionality and adaptability. The building's modern design and spacious layout offer a comfortable and productive work environment. This is an excellent opportunity to secure a substantial and versatile space in a thriving Kansas City suburb. Contact us today to schedule a viewing and explore the possibilities.

Property profile
Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 2001
Construction CONCRETE
Total area 19,553 SF
Lot 3.17 ac (138,085 SF)
Zoning code BP1
APN IP63900000 0004A
UPID US33-0529153
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
$755k
CAP Approach CAP
by Request
Comparable Approach Comparable
$538k
Blend (final) Blend
$650k
Owner & transaction history
Ailex Pharmaceuticals LLC · 9 yrs held
Ailex Pharmaceuticals LLC
since 2016
2 recorded transactions
2016
Price N/A
2016
Price N/A
Zoning & alternative use
BP1 · Lenexa, KS
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units) $895,000 +50.8%
Industrial (general) $670,000 +13.0%
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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