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    Property profile & analytics

    5940 Nieman Rd Shawnee, KS 66203-2954

    • Retail space
    • 2,592 SF
    • 0.12 lot acres
    OFF-MARKET
    Value Estimation
    $305,000
    Location Intelligence
    Property ID
    US33-0565940
    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

    • Retail space

    Property Details for 5940 Nieman Rd

    Year built
    1964
    Construction
    FRAME
    Lot size
    0.12 lot acres
    Property size
    2,592 SF
    Zone code
    CBD
    Property type
    Retail space
    APN
    QP65000044 0022A
    APU
    QP650000440022A

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $285,000

    • CAP approach

      CAP return
      Estimation
      6%
      $385,000
      6.5%
      $355,000
      7%
      $415,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $360,000
      Geo Method
      $380,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $325,000
      Retail
      $300,000
      Mixed-Use
      $285,000
      Hospitality
      $345,000
      Educational
      $365,000
      Residential Income
      $370,000
      Energy
      $340,000
      Income-Based Land
      $350,000
      Food Service
      $295,000

    Location Insight

    • Map
    • Local Demand
    City
    Shawnee
    County
    Johnson
    State
    Kansas
    Longitude
    -94.7148
    Latitude
    39.0206
    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
    $3,461
    $8,905
    $21,845
    $30,750
    -
    $35,620
    $87,380
    $123,000

    Comparable in this City

    • Value Estimation by Request
      0.09 Acres

      Shawnee, KS 66203

      RETAIL STORES (PERSONAL SERVICES) • 0.09 Acres
      Shawnee, KS 66203
      View Details
    • Value Estimation by Request
      1,632 SF

      6020 Nieman Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,632 SF
      6020 Nieman Rd, Shawnee, KS 66203-2938
      View Details
    • Value Estimation by Request
      1,032 SF

      5031 Merriam Dr

      RETAIL STORES (PERSONAL SERVICES) • 1,032 SF
      5031 Merriam Dr, Shawnee, KS 66203-1789
      View Details
    • Value Estimation by Request
      4,817 SF

      11217 Johnson Dr

      RETAIL STORES (PERSONAL SERVICES) • 4,817 SF
      11217 Johnson Dr, Shawnee, KS 66203-2751
      View Details
    • Value Estimation
      $820,000
      14,992 SF

      11021 Shawnee Msn Pkwy

      RETAIL STORES (PERSONAL SERVICES) • 14,992 SF
      11021 Shawnee Msn Pkwy, Shawnee, KS 66203-3515
      View Details
    • Value Estimation
      $345,000
      0.43 Acres

      6339 Goddard Ave

      RETAIL STORES (PERSONAL SERVICES) • 0.43 Acres
      6339 Goddard Ave, Shawnee, KS 66203
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1.76 Acres

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      Lenexa Land for Sale

      Land available in Lenexa, Kansas.
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      Downtown Shawnee Infill Development Lot

      Infill lot suitable for mixed-use or multi-family development.
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      High-yield warehouse, excellent location.
      0 Merriam Ln, Merriam, KS 66203
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    Similar Nearby for Lease

    • $20 SF/Yr
      1,675 SF

      Shawnee Commercial Space For Lease

      Commercial space in Shawnee's Town Square district, suitable for retail/office.
      11216 Johnson Dr, Shawnee, KS 66203
      View Details
    • Contact for pricing
      Pending

      Shawnee Town Square Office/Retail

      Office/retail space in fast-growing Shawnee Town Square District.
      11216 Johnson Dr, Shawnee, KS 66203
      View Details
    • $9 SF/Yr
      48,600 SF

      Shawnee Marketplace Flex Space

      Johnson County Flex Space, 48,600 SF
      6495 Quivira Rd, Shawnee, KS 66203
      View Details
    • $19 SF/Yr
      4,276 SF

      Shawnee Creative Office Space

      950 SF Office Suite Available in Shawnee, KS
      5900 Nieman Rd, Shawnee, KS 66203
      View Details
    • $15 SF/Yr
      2,625 SF

      Shawnee Retail Space For Lease

      Prime Johnson County retail space available.
      10902-10966 74 Ter, Shawnee, KS 66203
      View Details
    • Contact for pricing
      198,715 SF

      Lenexa Warehouse with Tax Abatement

      198,715 SF high-cube warehouse with immediate highway access.
      11280-11350 Britton St, Lenexa, KS 66203
      View Details

    Property Visit Statistics

    • Visits by month
      673
    • Visitors by month
      318
    • Avg Time on site
      14 min
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    5940 Nieman Rd
    Shawnee, KS 66203-2954
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    Realmo Value Estimation

    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.

    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.

    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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