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    18740 Johnson Dr Shawnee, KS 66217
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    18740 Johnson Dr Shawnee, KS 66217

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    • Industrial properties
    Off-Market
    Property ID
    US33-0103672
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Industrial properties

    Property Details for 18740 Johnson Dr

    Property type
    Industrial properties
    APN
    QP65060000 0002
    APU
    QP650600000002

    Description

    This exceptional flex space, located at 18740 Johnson Drive in Shawnee, Kansas, offers 10,000 to 20,000 square feet of adaptable industrial space. Situated on a 2.06-acre lot, this build-to-suit property boasts a state-of-the-art design, featuring attractive exterior landscaping and excellent freeway access, less than one mile from I-435 and Johnson Drive. The building includes four loading docks, ample parking (1.5 spaces per 1,000 sq ft), and impressive ceiling heights ranging from 22 to 24 feet. Large 12' x 14' overhead doors are a key feature, along with the potential for a lay-down yard area. The property is offered as a warm shell, ready for tenant finish-out, allowing for complete customization to meet specific business needs. Office spaces can also be built to suit. This prime infill location within Shawnee Industrial Park provides an upscale presence for discerning businesses. The sale price is negotiable. The zip code is 66217.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Shawnee
    County
    Johnson
    State
    Kansas
    Longitude
    -94.8011
    Latitude
    39.0218
    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
    $2,271
    $0.00
    $0.00
    $0.00
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      2.95 Acres

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      CONSTRUCTION/CONTRACTING SERVICES • 2.95 Acres
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    • Value Estimation by Request
      10,780 SF

      15400 Midland Dr

      CONSTRUCTION/CONTRACTING SERVICES • 10,780 SF
      15400 Midland Dr, Shawnee, KS 66217-9606
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    • Value Estimation by Request
      6.59 Acres

      Shawnee, KS 66217

      CONSTRUCTION/CONTRACTING SERVICES • 6.59 Acres
      Shawnee, KS 66217
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    • Value Estimation by Request
      35.52 Acres

      17491 Johnson Dr

      INDUSTRIAL (GENERAL) • 35.52 Acres
      17491 Johnson Dr, Shawnee, KS 66217
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    • Value Estimation by Request

      18760 Johnson Dr

      INDUSTRIAL (GENERAL)
      18760 Johnson Dr, Shawnee, KS 66217
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    • Value Estimation by Request
      19.10 Acres

      Shawnee, KS 66217

      INDUSTRIAL (GENERAL) • 19.10 Acres
      Shawnee, KS 66217
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      33,000 SF

      Industrial/Flex Building Near I-435

      Class A industrial/flex building with drive-in and dock loading.
      18760 Johnson Dr, Shawnee, KS 66217
      View Details
    • $375,000
      0.69 Acres

      Land Near Tomahawk Hills Golf

      Homesite in luxury community near Shawnee Mission Park.
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      6,772 SF

      Medical Office Building in Shawnee

      Two-tenant medical office building in Johnson County, Kansas.
      16663 Midland Dr, Shawnee, KS 66217
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      0.38 Acres

      Shawnee Land Opportunity

      Residential land for sale in a luxury single-family community.
      7031 Oak Ridge Dr, Shawnee, KS 66217
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    Similar Nearby for Lease

    • Contact for pricing

      Retail Space in Shawnee, Kansas

      Renovated retail and restaurant spaces available for lease.
      16010 W 65Th St, Shawnee, KS 66217
      View Details
    • $20 SF/Yr
      43,560 SF

      Retail/Office Space in Shawnee, KS

      1,540 SF retail/office space with highway visibility.
      16310 W 65Th St, Shawnee, KS 66217
      View Details
    • Contact for pricing

      Retail Space on Midland Drive

      Retail space available with excellent visibility and convenient highway access.
      16629 Midland Dr, Shawnee, KS 66217
      View Details
    • Contact for pricing

      Retail Spaces at Shawnee Shops

      Retail spaces available, including drive-thru potential and former restaurant.
      15331 W 67 St, Shawnee, KS 66217
      View Details
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    18740 Johnson Dr
    Shawnee, KS 66217
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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