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

    7820 Quivira Rd Lenexa, KS 66216

    • Strip malls
    • 28,425 SF
    • 5.87 lot acres
    For Lease
    View listing
    $20 SF/Yr
    Value Estimations
    $920,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US33-0709832
    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 7820 Quivira Rd

    Year built
    1976
    Construction
    CONCRETE BLOCKS
    Lot size
    5.87 lot acres
    Property size
    28,425 SF
    Zone code
    CP1
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    IF241222-4008
    APU
    IF2412224008

    Description

    This exceptional retail investment opportunity presents 53,625 square feet of retail space within the Quivira Square Shopping Center, located at 7820 Quivira Rd, Lenexa, Kansas, 66216. The property, situated on 5.87 acres of land in Johnson County, boasts a prime location with excellent visibility and accessibility. Built in 1976, the center comprises three single-story buildings offering a total of 275 parking spaces for customer convenience. Currently, there are three available spaces ranging from 800 to 6,000 square feet, representing a total of 6,000 square feet of vacant space. The center enjoys a high traffic count of 16,840 cars per day and is conveniently located just 1.9 miles (approximately 5 minutes) from I-35, ensuring high visibility and accessibility for potential customers. The open floor concept provides flexibility for various retail uses. Established tenants include Element Fitness and Third Coast Pizza and Margaritas Restaurant, creating a vibrant and attractive shopping environment. The property's APN is IF241222-4008. This is an ideal opportunity for investors seeking a well-located retail property with strong existing tenancy and significant growth potential.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $920,000

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,520,000
      APARTMENT HOUSE (5+ UNITS)
      $1,300,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Lenexa
    County
    Johnson
    State
    Kansas
    Longitude
    -94.7248
    Latitude
    38.9865
    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
    $101,342
    $255,545
    $574,205
    $829,750
    -
    $1,022,180
    $2,296,820
    $3,319,000

    Comparable in this City

    • Value Estimation
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      SHOPPING CENTER, STRIP CENTER • 0.79 Acres
      12674 Shawnee Msn Pkwy, Shawnee, KS 66216-1800
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    • Value Estimation
      $385,000
      7,380 SF

      7727 Quivira Rd

      SHOPPING CENTER, STRIP CENTER • 7,380 SF
      7727 Quivira Rd, Lenexa, KS 66216-3405
      View Details
    • Value Estimation
      $395,000
      6,000 SF

      13010 Shawnee Msn Pkwy

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      13010 Shawnee Msn Pkwy, Shawnee, KS 66216-1853
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    • Value Estimation
      $325,000
      6,168 SF

      12101 Johnson Dr

      SHOPPING CENTER, STRIP CENTER • 6,168 SF
      12101 Johnson Dr, Shawnee, KS 66216-1907
      View Details
    • Value Estimation
      $320,000
      4,500 SF

      12211 Shawnee Msn Pkwy

      SHOPPING CENTER, STRIP CENTER • 4,500 SF
      12211 Shawnee Msn Pkwy, Shawnee, KS 66216-1831
      View Details
    • Value Estimation
      $740,000
      11,118 SF

      13205 Shawnee Msn Pkwy

      SHOPPING CENTER, STRIP CENTER • 11,118 SF
      13205 Shawnee Msn Pkwy, Shawnee, KS 66216-1801
      View Details

    Similar Nearby for Sale

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      Retail Strip Mall Investment Opportunity

      Fully occupied retail strip mall with long-term tenants and recent upgrades.
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      View Details
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    • $525,000
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      Shawnee Land Development Opportunity

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      4.50 Acres

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      Prime 4.5-acre commercial lot in Shawnee, KS. High visibility, near major retailers.
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      Prime Commercial Land, Shawnee, KS. High Visibility.
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    Similar Nearby for Lease

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      Shawnee Retail Center Investment

      Prime Shawnee retail space available.
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      View Details
    • $15 SF/Yr
      36,992 SF

      Lenexa Plaza: Prime Retail Space

      Neighborhood shopping center; flexible suites available.
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      View Details
    • $20 SF/Yr
      53,625 SF

      Quivira Square Retail Center Investment

      Lenexa, KS Retail Space - High Traffic Area
      7820 Quivira Rd, Lenexa, KS 66216
      View Details
    • $15 SF/Yr
      2,160 SF

      Retail Space in Lenexa, Kansas

      Retail space available for lease in Lenexa, Kansas.
      7747 Quivira Rd, Lenexa, KS 66216
      View Details
    • Contact for pricing

      Commercial Pad Sites Available

      Pad sites for sale, lease, or build-to-suit in Shawnee.
      22701 W 55Th Pl, Shawnee, KS 66216
      View Details
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    Lenexa, KS 66216
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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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