Technical
Financial
Distress signals
Property profile

2020 89th St Leawood, KS 66206

OFF-MARKET
Office Spaces
Property ID
US33-0211249
86,955 SF 7.12 ac lot Built 1991
Entity Owned 6-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 68,333+/- square foot office building, constructed in 1991, presents a compelling owner-user opportunity in the desirable Leawood, Kansas market. Situated on a 7.1-acre lot, this three-story building offers convenient access to Highway 435 via State Line Road, just two miles away. The property boasts a prime location within walking distance of the Ward Parkway Shopping Center and numerous restaurants, providing employees with a wealth of amenities. Currently, the building has 41% occupancy. Available space includes approximately 33,000 square feet on the second floor and 7,414 square feet on the third floor. The building is professionally managed by a third party, and the ownership group is well-capitalized, ensuring a stable and reliable investment. The property features ample parking, providing 5 spaces per 1,000 square feet, with additional covered parking also available. The building is zoned SD-0; Planned Office. The asking price is $24.50 per square foot, full-service. This presents a rare opportunity to acquire a well-located, substantial office building in a thriving Kansas City suburb.

Property profile

Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1991
Construction CONCRETE
Total area 86,955 SF
Lot 7.12 ac (310,147 SF)
Zoning code CP2
APN HP23500000 0001
UPID US33-0211249

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2020 89th St Leawood, KS 66206-1946
Leawood metro Census 51600 KANSAS CITY, MO-KS METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
by Request
Blend (final) Blend
$2.55M

Owner & transaction history

since 2020
1 recorded transaction
2020
Price N/A

Zoning & alternative use

CP2 · Leawood, KS

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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