Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    7940 Marshall Dr Lenexa, KS 66214-1562

    • Life science properties
    • 34,171 SF
    • 4.00 lot acres
    OFF-MARKET
    Last Sale
    Apr 03, 2025
    Value Estimations
    $1,130,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US33-0288721
    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

    • Life science properties

    Property Details for 7940 Marshall Dr

    Year built
    1995
    Construction
    CONCRETE BLOCKS
    Lot size
    4.00 lot acres
    Property size
    34,171 SF
    Zone code
    BP-2
    Property type
    Life science properties
    APN
    IP07000005 0007
    APU
    IP070000050007

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $1,130,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,096,000
      Market price range: $404k - $1.10M

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

    Location Insight

    • Map
    • Local Demand
    City
    Lenexa
    County
    Johnson
    State
    Kansas
    Longitude
    -94.7082
    Latitude
    38.9839
    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
    $177,239
    $152,463
    $1,383,330
    $1,535,793
    -
    $609,850
    $5,533,320
    $6,143,170

    Comparable in this City

    • Value Estimation
      $1,655,000
      70,071 SF

      10749 84th Ter

      R&D FACILITY, LABS, PHARMA • 70,071 SF
      10749 84th Ter, Lenexa, KS 66214-3612
      View Details
    • Value Estimation by Request
      29,760 SF

      8515 Bluejacket St

      Life science properties • 29,760 SF
      8515 Bluejacket St, Overland Park, KS 66214
      View Details
    • Value Estimation by Request
      61,745 SF

      11510 80Th St

      Research & development properties • 61,745 SF
      11510 80Th St, Overland Park, KS 66214
      View Details
    • Value Estimation by Request
      13,895 SF

      11813 77Th St

      Research & development properties • 13,895 SF
      11813 77Th St, Overland Park, KS 66214
      View Details
    • Value Estimation by Request
      88,423 SF

      11300 80Th St

      Distribution properties • 88,423 SF
      11300 80Th St, Overland Park, KS 66214
      View Details
    • Value Estimation by Request
      33,466 SF

      8291-8309 Melrose Dr

      Distribution properties • 33,466 SF
      8291-8309 Melrose Dr, Lenexa, KS 66214
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      29,760 SF

      Overland Park R&D Industrial Space

      29,760 SF R&D Building - Kansas
      8515 Bluejacket St, Overland Park, KS 66214
      View Details
    • $7,999,999
      61,745 SF

      Lenexa Lab Campus: Prime Office Space

      61,745 SF Office/Lab Campus in Overland Park
      11510 80Th St, Overland Park, KS 66214
      View Details
    • Contact for pricing
      10,395 SF

      Lenexa Warehouse with Drive-in Doors

      Warehouse space featuring drive-in doors, near I-35.
      11751-11767 W 86Th Ter, Overland Park, KS 66214
      View Details
    • $7,999,999
      61,789 SF

      Prime Overland Park Office Campus

      61,789 SF Flex/Medical Office
      11510 80Th St, Overland Park, KS 66214
      View Details
    • Contact for pricing
      55,120 SF

      Prime Lenexa Industrial Flex Space

      55,120 SF Flex Space in Overland Park
      8040 Bond St, Overland Park, KS 66214
      View Details
    • Contact for pricing
      28,840 SF

      Lenexa Flex Space For Sale

      28,840 SF Industrial Flex Building
      8527 Bluejacket Dr, Lenexa, KS 66214
      View Details

    Similar Nearby for Lease

    • $7 SF/Yr
      41,285 SF

      Pine Ridge Warehouse Space Available

      Johnson County industrial warehouse space for lease.
      8341-8375 Melrose Dr, Lenexa, KS 66214
      View Details
    • $15 SF/Yr
      175,737 SF

      7801 Nieman Rd Warehouse Space

      Class A Warehouse, Johnson County, KS
      7801 Nieman Rd, Shawnee, KS 66214
      View Details
    • $8 SF/Yr
      17,459 SF

      Pine Ridge Flex Space Available

      Johnson County flex space for lease.
      10405-10417 84 Ter, Lenexa, KS 66214
      View Details
    • $8 SF/Yr
      45,377 SF

      Lenexa Warehouse Space Available

      19,199 SF Warehouse - Johnson County
      8058 Flint St, Lenexa, KS 66214
      View Details
    • $9 SF/Yr
      6,000 SF

      Renovated Office/Warehouse Space Available

      Newly renovated office/warehouse with private offices, breakroom, and dock door.
      9201-9217 Cody St, Overland Park, KS 66214
      View Details
    • $14,712 /Mo
      25,221 SF

      Overland Park Industrial Space Available

      Industrial property for rent in Overland Park, Kansas.
      11300-11316 W 80Th St, Overland Park, KS 66214
      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.
    7940 Marshall Dr
    Lenexa, KS 66214-1562
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.