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    Property profile & analytics

    8601 Monrovia St Lenexa, KS 66215-4501

    • Office Properties & Spaces
    • 28,577 SF
    • 1.95 lot acres
    OFF-MARKET
    Value Estimation
    $905,000
    Location Intelligence
    Property ID
    US33-0651689
    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

    • Office Properties & Spaces

    Property Details for 8601 Monrovia St

    Year built
    2003
    Construction
    CONCRETE
    Lot size
    1.95 lot acres
    Property size
    28,577 SF
    Zone code
    CP2
    Property type
    Office Properties & Spaces
    APN
    IP64980000 0001
    APU
    IP649800000001

    Description

    This exceptional three-story office building, totaling approximately 25,966 square feet, presents a unique opportunity for businesses seeking a prestigious corporate headquarters in Lenexa, Kansas. The entire 25,966 square feet is currently vacant and available for lease. The space is divisible into units of at least 8,656 square feet, with a maximum contiguous space of 8,656 square feet. The building boasts impressive features including a striking two-story atrium, enhancing the professional atmosphere. Individual private offices provide executive privacy, while open bullpens offer collaborative workspaces. Convenient training and conference rooms cater to various business needs, and each floor includes comfortable breakrooms for employee convenience. The property is beautifully landscaped and offers ample parking for employees and visitors. Its strategic location off 87th Street Expressway and Quivira Road provides easy access to major transportation arteries, including I-35, I-635, and Highway 69, ensuring seamless commutes for your team. The building is fully furnished, offering immediate occupancy, and is available for lease through December 31, 2026. Located in Johnson County, Kansas, with a Lenexa, KS 66215 zip code, this property is an ideal location for businesses seeking a modern, functional, and conveniently located office space.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $990,000

    • CAP approach

      CAP return
      Estimation
      6%
      $910,000
      6.5%
      $950,000
      7%
      $825,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $865,000
      Geo Method
      $855,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $785,000
      Retail
      $880,000
      Mixed-Use
      $940,000
      Hospitality
      $930,000
      Educational
      $835,000
      Residential Income
      $905,000
      Energy
      $805,000
      Income-Based Land
      $900,000
      Food Service
      $890,000

    Location Insight

    • Map
    • Local Demand
    City
    Lenexa
    County
    Johnson
    State
    Kansas
    Longitude
    -94.7268
    Latitude
    38.9726
    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
    $76,427
    $138,095
    $523,155
    $661,250
    -
    $552,380
    $2,092,620
    $2,645,000

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    8601 Monrovia St
    Lenexa, KS 66215-4501
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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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