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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4750 135th St Leawood, KS 66224-8714

    • Strip malls
    • 4,980 SF
    • 0.65 lot acres
    OFF-MARKET
    Value Estimations
    $460,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US33-0681552
    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.

    Current Use by Public Records

    • Strip malls

    Property Details for 4750 135th St

    Year built
    2012
    Construction
    FRAME
    Lot size
    0.65 lot acres
    Property size
    4,980 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    HP90620000 0013
    APU
    HP906200000013

    Description

    This exceptional 5,000 square foot storefront property, located at 4750 W 135th St in Overland Park, Kansas, presents a rare investment opportunity. Built in 2012, this single-story building sits on a 0.65-acre lot and is zoned MXD, offering significant flexibility for a variety of uses. Currently configured as a multi-tenant property with three units, the building offers immediate income potential. There is 3,750 square feet currently available for lease, providing an owner-user the opportunity to occupy a portion of the space while generating rental income from the remaining units. The asking price is $1,995,000, translating to $399 per square foot. This prime location on a major thoroughfare in Johnson County ensures high visibility and accessibility, making it an ideal investment for both owner-occupiers and investors seeking a value-add opportunity. The property's strong location and flexible zoning make it a compelling investment in a thriving Kansas City area market. This is a unique chance to acquire a well-maintained, established retail building with significant upside potential.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $555,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $366,000
      Market price range: $204k - $426k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $635,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Leawood
    County
    Johnson
    State
    Kansas
    Longitude
    -94.6413
    Latitude
    38.8842
    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
    $33,920
    $92,118
    $204,883
    $297,001
    -
    $368,470
    $819,530
    $1,188,000

    Comparable in this City

    • Value Estimation
      $420,000
      4,618 SF

      4959 135th St

      SHOPPING CENTER, STRIP CENTER • 4,618 SF
      4959 135th St, Leawood, KS 66224
      View Details
    • Value Estimation
      $570,000
      8,426 SF

      4831 135th St

      SHOPPING CENTER, STRIP CENTER • 8,426 SF
      4831 135th St, Leawood, KS 66224-8901
      View Details
    • Value Estimation
      $425,000
      1.11 Acres

      5350 151st St

      SHOPPING CENTER, STRIP CENTER • 1.11 Acres
      5350 151st St, Leawood, KS 66224
      View Details
    • Value Estimation by Request
      0.98 Acres

      Leawood, KS 66224

      SHOPPING CENTER, STRIP CENTER • 0.98 Acres
      Leawood, KS 66224
      View Details
    • Value Estimation
      $1,040,000
      44,200 SF

      4800 135th St

      SHOPPING CENTER, STRIP CENTER • 44,200 SF
      4800 135th St, Leawood, KS 66224-8720
      View Details
    • Value Estimation
      $580,000
      6,598 SF

      3610 135th St

      SHOPPING CENTER, STRIP CENTER • 6,598 SF
      3610 135th St, Leawood, KS 66224-7610
      View Details

    Similar Nearby for Sale

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      6,760 SF

      Overland Park Retail Investment Opportunity

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    • Contact for pricing
      1.50 Acres

      Leawood Retail Center Investment

      Prime Leawood retail space, high traffic.
      135Th St & Msn Rd, Leawood, KS 66224
      View Details
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      Leawood Estate Lot: Build Your Dream

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    • Contact for pricing
      1.61 Acres

      Leawood Commercial Land - 1.61 Acres

      Prime Leawood location, ideal for medical or office.
      135th St & Kenneth Rd, Leawood, KS 66224
      View Details
    • $606,137

      Leawood Business Park Land Sites

      Development-ready land sites in excellent Overland Park location.
      4831 W 136Th St, Overland Park, KS 66224
      View Details
    • $925,000

      Leawood Estate Lot: Prime Location

      Luxury Residential Lot, Walkout Ready
      3811 138 Cir, Overland Park, KS 66224
      View Details
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    Leawood, KS 66224-8714
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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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