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    2701 Shawnee Mission Pkwy Fairway, KS 66205
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    2701 Shawnee Mission Pkwy Fairway, KS 66205

    View on Map
    • Banks
    • 2,788 SF
    • 0.28 lot acres
    For Lease
    $9,583 /Mo
    View Listing →
    Fairway Retail Space Available For Lease
    $9,583 /Mo
    2,788 SF

    Fairway Retail Space Available

    Retail space available for lease in Fairway, Kansas.

    2701 Shawnee Mission Pkwy, Fairway, KS
    View Listing
    Property ID
    US33-0366589
    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

    • Banks

    Property Details for 2701 Shawnee Mission Pkwy

    Year built
    1965
    Construction
    FRAME
    Lot size
    0.28 lot acres
    Property size
    2,788 SF
    Zone code
    BD
    Property type
    Banks
    APN
    GP20000001 0001A
    APU
    GP200000010001A

    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
    Fairway
    County
    Johnson
    State
    Kansas
    Longitude
    -94.6169
    Latitude
    39.0331
    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
    $17,188
    $57,323
    $86,678
    $144,001
    -
    $229,290
    $346,710
    $576,000

    Comparable in this City

    • Value Estimation by Request
      2,368 SF

      4700 Johnson Dr

      FINANCIAL BUILDING • 2,368 SF
      4700 Johnson Dr, Roeland Park, KS 66205-2903
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    • Value Estimation by Request
      3,700 SF

      4724 60th St

      FINANCIAL BUILDING • 3,700 SF
      4724 60th St, Mission, KS 66205-3013
      View Details
    • Value Estimation by Request
      5,558 SF

      2814 Shawnee Msn Pkwy

      FINANCIAL BUILDING • 5,558 SF
      2814 Shawnee Msn Pkwy, Fairway, KS 66205-2645
      View Details
    • Value Estimation by Request
      0.10 Acres

      Mission, KS 66205

      FINANCIAL BUILDING • 0.10 Acres
      Mission, KS 66205
      View Details
    • Value Estimation by Request
      4,140 SF

      4970 Roe Blvd

      FINANCIAL BUILDING • 4,140 SF
      4970 Roe Blvd, Roeland Park, KS 66205-1110
      View Details
    • Value Estimation
      $535,000
      5,136 SF

      2828 Shawnee Msn Pkwy

      FINANCIAL BUILDING • 5,136 SF
      2828 Shawnee Msn Pkwy, Fairway, KS 66205-2645
      View Details

    Similar Nearby for Sale

    • $629,000
      Pending

      Westwood Professional/Medical Office Building

      Freestanding 2,400 SF office building in high-visibility Westwood location.
      4711 Mission Rd, Westwood, KS 66205
      View Details
    • New
      $1,275,000
      0.35 Acres

      Roeland Park Duplex Portfolio

      Three well-maintained duplexes with long-term tenants in Northeast Johnson County.
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    Similar Nearby for Lease

    • Contact for pricing
      2,104 SF

      Retail Space in Mission, Kansas

      Retail space with garage and abundant parking in Mission, Kansas.
      5360 Johnson Dr, Mission, KS 66205
      View Details
    • Contact for pricing
      130,000 SF

      Retail Space in Mission, Kansas

      Retail or office space available in a 130,000 sq. ft. development.
      5301-5431 Johnson Dr, Mission, KS 66205
      View Details
    • Contact for pricing
      2,788 SF

      Fairway Retail Space Available

      Retail space available for lease in Fairway, Kansas.
      2701 Shawnee Mission Pkwy, Fairway, KS 66205
      View Details
    • Contact for pricing
      4,937 SF

      Retail Space Near Major Anchors

      Retail spaces available near Walmart, Lowe’s, and Price Chopper.
      4701 Sycamore Dr, Mission, KS 66205
      View Details
    • Contact for pricing

      Retail Space for Lease

      Retail spaces available for lease.
      5320-5380 Johnson Dr, Mission, KS 66205
      View Details
    • Contact for pricing

      High-Visibility Shopping Center Space

      Shadow-anchored retail space with high traffic and excellent visibility.
      Nwc 50 & Roe Blvd, Roeland Park, KS 66205
      View Details
    View Listing
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    Fairway, KS 66205
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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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