Entity Owned Property summary
AI-generated overview
This exceptional 31,362-square-foot warehouse, located at 8400 Nieman Road in Lenexa, Kansas (zip code 66214), presents a significant opportunity for industrial businesses. The single-tenant property sits on a 2.35-acre lot and boasts a desirable BP2 zoning classification. The warehouse features impressive ceiling heights ranging from 16 to 17 feet, providing ample vertical space for storage and operations. Access is facilitated by three dock-high doors and three drive-in doors, ensuring efficient loading and unloading of goods. Ample parking is available with 48 spaces designated for the property. This well-located Lenexa warehouse offers a strategic advantage for businesses seeking a functional and spacious industrial facility. The property's size, features, and convenient location make it an ideal choice for a variety of industrial uses. The address is easily accessible via Nieman Road, providing convenient access to major transportation routes. The property is ready for immediate occupancy.
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1979
Construction
CONCRETE BLOCKS
Total area
31,362 SF
Lot
2.34 ac (101,930 SF)
Zoning code
BP2
APN
IP07000001 0006
UPID
US33-0312058
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.05M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$939k
Blend (final)
Blend
$995k
Owner & transaction history
since 2024
2 recorded transactions
Zoning & alternative use
BP2 · Lenexa, KS
Top alternative use upside
Industrial (general)
$1.3M
+8.1%
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
3 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$995k
Value range
$896k – $1.09M
±10% around blend
Estimated value / SF
$32 / SF
Confidence
Property data
100
Comparable evidence
60
$896k
blend $995k
$1.09M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
31,362 SF
Lot area
2.34 ac
Year built
1979
Stories
1
APN
IP07000001 0006
Zoning
BP2
Assessed value
$506,500
Annual tax
$60,145
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$939k
Range $781k – $1.47M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$995k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Alternative use screening
Partial preview
Top alternative use
Industrial (general)
Gross theoretical uplift
+8%
vs current-use indication
Warehouse, Storage · current use
Commercial (general)
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$506k
Move the market yield to see immediate price impact.
Value / SF
$16
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$32k
$638k
$456k
$355k
$35k
$709k
$506k
$394k
$39k
$780k
$557k
$433k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$60,145
Tax year 2023
Assessed value
$506,500
Assessed 2023
Previous assessed
$506,500
+0.0% YoY
Effective rate
11.87%
On assessed value
Assessed land
$89,315
Assessed improvement
$417,185
Land market value
$357,260
Improvement market value
$1,668,740
Total market value
$2,026,000
Applied tax rate
604.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1979
Construction
CONCRETE BLOCKS
Heating
SPACE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
31,362 SF
Lot
2.34 ac (101,930 SF)
Zoning code
BP2
APN
IP07000001 0006
UPID
US33-0312058
Jurisdiction
JOHNSON
Zoning & alternative use
BP2 · Lenexa, KSZoning BP2 · permitted uses
BP2 · Lenexa, KS
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1979
Construction
CONCRETE BLOCKS
Heating
SPACE
Cooling
Yes
Stories
1
Units
1
Lot
2.34 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
BP2
Jurisdiction
Lenexa, KS
Recorded code
BP2
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for BP2 in Lenexa, KS.
What opens after registration
Zoning profile
Official documentVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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