8550 Marshall Dr Lenexa, KS 66214-1505
- Automotive properties
- 43,712 SF
- 3.58 lot acres
Current Use by Public Records
- Automotive properties
Property Details for 8550 Marshall Dr
- Year built
- 1981
- Construction
- CONCRETE
- Lot size
- 3.58 lot acres
- Property size
- 43,712 SF
- Zone code
- MP
- Property type
- Automotive properties
- APN
- IP07000001 0001A
- APU
- IP070000010001A
Description
This exceptional two-story medical office building, totaling 43,712 square feet, is situated in Lenexa, Kansas's Brookhollow Business Park at 8550 Marshall Drive, zip code 66214. Built in 1981, the property offers immediate Interstate 35 access from 87th Street, providing unparalleled visibility to over 100,000 vehicles daily. The building boasts 150 parking spaces and features multiple suites available, ranging from a minimum of 1,514 square feet to a maximum contiguous space of 3,593 square feet. A significant 14,979 square feet of vacant space is currently available, making it ideal for expansion or multiple tenants. The property is zoned MP and its convenient location offers proximity to major medical facilities, including Shawnee Mission Hospital and Overland Park Regional Medical Center. The well-maintained building benefits from professional management and offers excellent signage opportunities. Available suites are adaptable to various medical uses, and lease rates start at $26.00 per square foot. The Johnson County location, with APN IP07000001-0001A, ensures a prime position within a thriving medical community. This move-in ready space presents a unique opportunity for medical professionals seeking a high-visibility, well-equipped location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $935,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,100,000
- 6.5%
- $950,000
- 7%
- $975,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,245,000
- Geo Method
- $955,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $880,000
- Retail
- $905,000
- Mixed-Use
- $935,000
- Hospitality
- $870,000
- Educational
- $845,000
- Residential Income
- $960,000
- Energy
- $1,040,000
- Income-Based Land
- $1,045,000
- Food Service
- $1,100,000
Location Insight
- Map
- Local Demand
- City
- Lenexa
- County
- Johnson
- State
- Kansas
- Longitude
- -94.7184
- Latitude
- 38.9734
- CBSA code
- 28140
- CBSA name
- KANSAS CITY, MO-KS METROPOLITAN STATISTICAL AREA