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    19601 101st St Lenexa, KS 66220-8600
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    Property profile & analytics

    19601 101st St, Lenexa, KS 66220-8600

    View on Map
    • Grocery and convenience stores
    • 77,932 SF
    • 8.33 lot acres
    Off-Market
    Property ID
    US33-0483263
    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
    $6,165,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Grocery and convenience stores

    Property Details for 19601 101st St

    Year built
    2007
    Construction
    CONCRETE BLOCKS
    Lot size
    8.33 lot acres
    Property type
    Grocery and convenience stores
    APN
    IP26310000 0005
    APU
    IP263100000005

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jun 6, 2019 — The Jacqueline M Smith Trust Jacqueline M Smith Intrafamily Transfer · related —
    Mar 24, 2015 — Falcon Valley Station LLC Cole Mt Lenexa Ks LLC Special Warranty Deed —
    Mar 4, 2015 — Martha Blanche Kearny Prairie Homes INC Warranty Deed —
    Feb 24, 2015 — Matthew B Kross Prairie Homes INC Warranty Deed —
    Apr 7, 2014 — Prairie Homes INC Falcon Valley LLC Warranty Deed —
    Dec 28, 2010 — Cole Mt Lenexa Ks LLC Super Market Developers INC Special Warranty Deed —
    Jan 6, 2010 — Super Market Developers INC Cool Beans Espresso LLC Deed —
    Nov 28, 2006 — Super Market Developers INC A & G Real Properties LLC Warranty Deed —
    Jul 28, 2006 — A & G Real Properties Dillon Companies INC Special Warranty Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $5,743,000
      Market price range: $3.27M - $9.86M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $6,340,000
      Current use
      AUTO REPAIR, GARAGE
      $5,925,000
      Change: -7% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $5,245,000
      Change: -17% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Lenexa
    County
    Johnson
    State
    Kansas
    Longitude
    -94.8133
    Latitude
    38.9435
    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
    $280,175
    $364,930
    $1,808,195
    $2,173,125
    -
    $1,459,720
    $7,232,780
    $8,692,500

    Comparable in this City

    • Value Estimation
      $720,000
      4,484 SF

      9990 Woodland Dr

      CONVENIENCE STORE
      9990 Woodland Dr, Lenexa, KS 66220-3806
      View Details
    • Value Estimation by Request
      2,542 SF

      10111 Woodland Dr

      CONVENIENCE STORE
      10111 Woodland Dr, Lenexa, KS 66220-3813
      View Details
    • Value Estimation
      $2,125,000
      15,456 SF

      10080 Chestnut St

      RETAIL STORES (PERSONAL SERVICES)
      10080 Chestnut St, Lenexa, KS 66220-2603
      View Details
    • Value Estimation by Request
      2,498 SF

      9900 Woodland Dr

      FINANCIAL BUILDING
      9900 Woodland Dr, Lenexa, KS 66220-3806
      View Details
    • Value Estimation
      $1,825,000
      13,273 SF

      10050 Woodland Dr

      RETAIL STORES (PERSONAL SERVICES)
      10050 Woodland Dr, Lenexa, KS 66220-3802
      View Details
    • Value Estimation
      $1,620,000
      44,620 SF

      10052 Woodland Dr

      SHOPPING CENTER, STRIP CENTER
      10052 Woodland Dr, Lenexa, KS 66220-3802
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Land For Sale Lenexa

      Land available for sale in Lenexa, Kansas.
      18200 Prairie Star Pkwy, Lenexa, KS 66220
      View Details
    • $298,000
      1.85 Acres

      Lenexa Acreage Build-Ready Land

      Prime 1.85 acre build-ready land in mature Lenexa neighborhood.
      19430 W 87Th Ln, Lenexa, KS 66220
      View Details
    • New
      $525,000
      2,544 SF

      Duplex with Composite Deck

      Reverse 1.5-story duplex with three bedrooms, three full baths, and a newer composite deck overlooking the fairway.
      19608 W 100Th St, Lenexa, KS 66220
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,761 SF

      Lenexa Retail and Office Space

      Retail and office spaces available for lease in Lenexa.
      10052 Woodland Dr, Lenexa, KS 66220
      View Details
    • Contact for pricing
      1,380 SF

      Lenexa Retail Space Available

      Retail space available for lease in Lenexa, Kansas.
      10101 Stevenson St, Lenexa, KS 66220
      View Details
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    Lenexa, KS 66220-8600
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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.

    More about this property
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