2020 89Th St Leawood, KS 66206
- Office Properties & Spaces
- 86,955 SF
- 7.12 lot acres
Current Use by Public Records
- Office Properties & Spaces
Property Details for 2020 89Th St
- Year built
- 1991
- Construction
- CONCRETE
- Lot size
- 7.12 lot acres
- Property size
- 86,955 SF
- Zone code
- CP2
- Property type
- Office Properties & Spaces
- APN
- HP23500000 0001
- APU
- HP235000000001
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,260,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,205,000
- 6.5%
- $1,110,000
- 7%
- $1,180,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,270,000
- Geo Method
- $1,205,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,205,000
- Retail
- $1,410,000
- Mixed-Use
- $1,305,000
- Hospitality
- $1,305,000
- Educational
- $1,055,000
- Residential Income
- $1,035,000
- Energy
- $1,370,000
- Income-Based Land
- $1,170,000
- Food Service
- $1,195,000
Location Insight
- Map
- Local Demand
- City
- Leawood
- County
- Johnson
- State
- Kansas
- Longitude
- -94.6104
- Latitude
- 38.9689
- CBSA code
- 28140
- CBSA name
- KANSAS CITY, MO-KS METROPOLITAN STATISTICAL AREA
