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

    9701 Monrovia St Lenexa, KS 66215-1564

    • Assisted living facilities
    • 80,404 SF
    • 4.93 lot acres
    OFF-MARKET
    Value Estimations
    $1,265,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US33-0789323
    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

    • Assisted living facilities

    Property Details for 9701 Monrovia St

    Year built
    1980
    Construction
    FRAME
    Lot size
    4.93 lot acres
    Property size
    80,404 SF
    Zone code
    RP5
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    IF241303-3040
    APU
    IF2413033040

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $1,390,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,137,000
      Market price range: $921k - $2.35M

    • Alternative Use

      Use
      Estimation
      HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
      $1,735,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Lenexa
    County
    Johnson
    State
    Kansas
    Longitude
    -94.7272
    Latitude
    38.9504
    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
    $102,728
    $92,623
    $770,716
    $863,339
    -
    $805,420
    $6,701,880
    $7,507,300

    Comparable in this City

    • Value Estimation
      $1,845,000
      114,473 SF

      14000 87th St Pkwy

      HOMES (RETIRED, NURSING) • 114,473 SF
      14000 87th St Pkwy, Lenexa, KS 66215-2473
      View Details
    • Value Estimation
      $1,770,000
      107,175 SF

      13650 110th Ter

      HOMES (RETIRED, NURSING) • 107,175 SF
      13650 110th Ter, Lenexa, KS 66215-4087
      View Details
    • Value Estimation
      $1,785,000
      148,132 SF

      9705 Monrovia St

      HOMES (RETIRED, NURSING) • 148,132 SF
      9705 Monrovia St, Lenexa, KS 66215-1566
      View Details
    • Value Estimation
      $1,785,000
      85,689 SF

      13600 110th Ter

      HOMES (RETIRED, NURSING) • 85,689 SF
      13600 110th Ter, Lenexa, KS 66215-4077
      View Details
    • Value Estimation
      $1,290,000
      63,682 SF

      15055 87th St Pkwy

      HOMES (RETIRED, NURSING) • 63,682 SF
      15055 87th St Pkwy, Lenexa, KS 66215-5372
      View Details
    • Value Estimation
      $680,000
      22,593 SF

      8740 Caenen Lk Rd

      HOMES (RETIRED, NURSING) • 22,593 SF
      8740 Caenen Lk Rd, Lenexa, KS 66215-2069
      View Details

    Similar Nearby for Sale

    • $1,950,000
      13,754 SF

      Lenexa Industrial Property

      13,754 SF Flex Warehouse, Vacant
      14144 Santa Fe Trail Dr, Lenexa, KS 66215
      View Details
    • $795,000
      1.93 Acres

      Lenexa Commercial Land - $795k

      1.93-acre commercial lot, prime Lenexa location.
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      View Details
    • Contact for pricing
      1.63 Acres

      Lenexa Commercial Land - 1.63 Acres

      Prime Lenexa retail land, high traffic.
      8610 Pflumm Rd, Lenexa, KS 66215
      View Details
    • $275,000

      Lenexa Commercial Land - $275K

      Prime 1.05-acre commercial lot.
      95th St & Santa Fe Trl Dr, Lenexa, KS 66215
      View Details
    • Contact for pricing
      28,041 SF

      Lenexa Office Building For Sale

      Office building with 28,041 square feet of space.
      11001-11037 Strang Line Rd, Lenexa, KS 66215
      View Details
    • $9,018,000

      Vacant Land for Retail/Multi-Family

      31.85 acres zoned CP2 for retail and multi-family.
      22939 W 83Rd Pl, Lenexa, KS 66215
      View Details

    Similar Nearby for Lease

    • $28 SF/Yr
      14,600 SF

      Blue Valley Medical Office Building

      Prime Medical/Office Space - I-35 Access
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      View Details
    • Contact for pricing
      17,384 SF

      Lenexa Medical Office Space Available

      Seven suites, 1,200-3,200 sq ft.
      0 Lenexa Dr, Lenexa, KS 66215
      View Details
    • $3 SF/Yr
      5,495 SF

      Lenexa, KS Office Space Available

      Flexible Offices, Coworking & More
      12345 95Th Ln, Lenexa, KS 66215
      View Details
    • Contact for pricing
      35,454 SF

      College Crossing Medical Office Space

      Prime Johnson County medical office suites available.
      11025-11091 Strang Line Rd, Lenexa, KS 66215
      View Details
    • $11 SF/Yr
      31,140 SF

      Exchange Place Warehouse Space Available

      Two warehouse suites, I-35 access.
      13400-13428 99Th Ct, Lenexa, KS 66215
      View Details
    • $21 SF/Yr
      1,464 SF

      Lenexa Retail/Office Space Available

      Retail and office spaces for lease near Oak Park Mall.
      9764-9784 Quivira Rd, Lenexa, KS 66215
      View Details
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    9701 Monrovia St
    Lenexa, KS 66215-1564
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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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