Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    5900 Nieman Rd Shawnee, KS 66203-2934
    Back to Search
    Property profile & analytics

    5900 Nieman Rd, Shawnee, KS 66203-2934

    View on Map
    • Office Spaces
    • 3,468 SF
    • 0.26 lot acres
    Off-Market
    Last Sale Jul 5, 2023
    Property ID
    US33-0728136
    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

    • Office Spaces

    Property Details for 5900 Nieman Rd

    Year built
    1960
    Construction
    FRAME
    Lot size
    0.26 lot acres
    Zone code
    CBD
    Property type
    Office Spaces
    APN
    QP65000037 0001
    APU
    QP650000370001

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Aug 13, 2025 — Wnn Nieman LLC — Deed · related $298k · Cs Bank
    Jul 5, 2023 — 5900 Nieman LLC Carol Z Eubank Deed $466k · Emprise Bank

    Description

    This exceptional creative office space, located at 5900 Nieman Rd in Shawnee, Kansas, presents a unique opportunity for businesses seeking a vibrant and convenient location. The property, a Class C building constructed in 1960, offers a total of 4,276 square feet across two stories. Currently, a single suite of 950 square feet is available for lease, representing the minimum divisible space and the maximum contiguous space currently available. The building features a total of two suites and ample parking with 20 spaces. The 950-square-foot suite boasts an 8-foot ceiling height, providing a comfortable and functional workspace. Its location in downtown Shawnee offers unparalleled walkability to a diverse range of amenities, including over ten restaurants, breweries, speakeasies, boutiques, and coffee shops. This prime location is ideal for a variety of businesses, including office spaces, professional services, or retail establishments. The property's convenient access to local businesses and amenities makes it an attractive option for companies seeking a thriving and accessible location. The building's characteristics and location combine to create a compelling opportunity for businesses seeking a unique and well-situated office space in the heart of Shawnee, Kansas. The zip code is 66203.

    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
    Shawnee
    County
    Johnson
    State
    Kansas
    Longitude
    -94.7148
    Latitude
    39.0218
    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
    $5,834
    $20,083
    $31,418
    $51,501
    -
    $80,330
    $125,670
    $206,000

    Comparable in this City

    • Value Estimation by Request
      0.17 Acres

      Shawnee, KS 66203

      OFFICE (GENERAL)
      Shawnee, KS 66203
      View Details
    • Value Estimation by Request
      4,800 SF

      5632 Nieman Rd

      OFFICE (GENERAL)
      5632 Nieman Rd, Shawnee, KS 66203-2348
      View Details
    • Value Estimation by Request
      4,723 SF

      10818 Johnson Dr

      OFFICE (GENERAL)
      10818 Johnson Dr, Shawnee, KS 66203-2848
      View Details
    • Value Estimation
      $2,295,000
      18,104 SF

      10610 Shawnee Msn Pkwy

      OFFICE (GENERAL)
      10610 Shawnee Msn Pkwy, Shawnee, KS 66203-3508
      View Details
    • Value Estimation by Request
      0.23 Acres

      Shawnee, KS 66203

      OFFICE (GENERAL)
      Shawnee, KS 66203
      View Details
    • Value Estimation by Request
      2,624 SF

      5103 Merriam Dr

      OFFICE (GENERAL)
      5103 Merriam Dr, Shawnee, KS 66203-2167
      View Details

    Similar Nearby for Sale

    • New
      $199,900
      Pending

      Shawnee Duplex on Large Lot

      Duplex on 0.58 acres near I-35 and I-635.
      4330 Merriam Dr, Shawnee, KS 66203
      View Details
    • Contact for pricing
      16,904 SF

      Retail Space For Sale

      Retail space available with a 6.33% CAP rate.
      6510 Nieman Rd, Shawnee, KS 66203
      View Details
    • Contact for pricing

      Downtown Shawnee Infill Development Lot

      Infill lot suitable for mixed-use or multi-family development.
      5700 Barton Dr, Shawnee, KS 66203
      View Details
    • Contact for pricing

      Merriam Land Site For Sale

      Infill land site ideal for automotive or flex users.
      9745 W 62Nd St, Merriam, KS 66203
      View Details
    • $1,600,000
      15,037 SF

      Industrial Building For Sale

      15037 square foot industrial building available for purchase.
      5439 Merriam Dr, Shawnee, KS 66203
      View Details
    • Contact for pricing

      Industrial Land For Sale

      One acre of industrial land with fenced yard space.
      4830 Merriam Dr, Shawnee, KS 66203
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,000 SF

      Office Space with Direct Access

      Office suites with private restrooms and convenient parking available for rent.
      10820 W 64 St, Shawnee, KS 66203
      View Details
    • Contact for pricing

      Melrose Flex Space Available

      Flex space available for lease in Shawnee, Kansas.
      8317-8405 Melrose Ln, Shawnee, KS 66203
      View Details
    • Contact for pricing
      4,200 SF

      Shawnee Flex Space Available

      Flex and office spaces for lease in Shawnee, Kansas.
      4311 Merriam Dr, Shawnee, KS 66203
      View Details
    • Contact for pricing

      Retail Space at Parkway Center

      35,499 SF retail space available for lease.
      11215 Shawnee Mission Pkwy, Shawnee, KS 66203
      View Details
    • Contact for pricing
      20,000 SF

      Industrial Space Near I-35/I-635

      20,000 SF industrial space with flexible lease terms.
      6850 W 47 Ter, Shawnee, KS 66203
      View Details
    • Contact for pricing
      4,050 SF

      Overland Park Industrial Space Available

      Industrial space for lease in Overland Park, Kansas.
      4936 Hadley St, Shawnee, KS 66203
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5900 Nieman Rd
    Shawnee, KS 66203-2934
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    5900 Nieman Rd, Shawnee, KS, 66203
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!