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Property profile & analytics
OFF-MARKET
Estimated value
$2,850,000
Office Spaces
9701 Renner Blvd Lenexa, KS 66219-8126
Entity Owned
13-yr Hold
Free & Clear
Property ID
US33-0676741
Property summary
AI-generated overview
This Class A, four-story office building, totaling 129,321 square feet, is situated on 13.2 acres in Lenexa, Kansas's Renner Ridge Corporate Center. Built in 2002, the property boasts 13'6" ceilings and offers flexible space options ranging from 16,317 to 36,251 contiguous square feet, with 119,083 square feet currently vacant. The building features ample parking (582 spaces), elevators, and a robust infrastructure including a 480 KVA generator, UPS, computer room, and transfer switch. Employee amenities include a fitness center with showers and lockers, and an outdoor patio. The property is zoned BP1, BP2 (Planned Business Park, Planned Manufacturing) and allows for a potential 40,000 square foot expansion. Its prime location overlooks natural trails and water features, placing it within the rapidly growing Johnson County suburbs, offering a "live, work, play" environment. This is an exceptional opportunity for businesses seeking a modern, well-equipped office space in a thriving location.
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2001
Construction
CONCRETE
Total area
128,610 SF
Lot
13.12 ac (571,507 SF)
Zoning code
BP2
APN
IP63960000 0003
UPID
US33-0676741
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.85M
Owner & transaction history
Kp Renner LLC · 13 yrs held
Kp Renner LLC
since 2013
1 recorded transaction
Zoning & alternative use
BP2 · Lenexa, KS
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Lenexa submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lenexa submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,895,000
Current use
Blend value · Realmo final
$2.85M
Range $2.57M – $3.14M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$22 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$469,364
Tax year 2023
Assessed value
$4,073,811
Assessed 2023
Previous assessed
$3,904,810
+4.3% YoY
Effective rate
11.52%
On assessed value
Assessed land
$651,203
Assessed improvement
$3,422,608
Land market value
$2,715,570
Improvement market value
$13,690,430
Total market value
$16,406,000
Applied tax rate
604.0000
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
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
2001
Construction
CONCRETE
Heating
YES
Cooling
AC.PACKAGE
Stories
3
Units
1
Total area
128,610 SF
Lot
13.12 ac (571,507 SF)
Zoning code
BP2
APN
IP63960000 0003
UPID
US33-0676741
Jurisdiction
JOHNSON
Zoning & alternative use
BP2 · Lenexa, KS
Zoning BP2 · permitted uses
BP2 · Lenexa, KS
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lenexa. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$3.9M
COMMERCIAL (GENERAL) Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2001
Construction
CONCRETE
Heating
YES
Cooling
Yes
Stories
3
Units
1
Lot
13.12 ac
Current owner
From public records · entity-resolved
Kp Renner LLC
Entity
Free & Clear · 13 yrs held
Mailing address
1550 MIKE FAHEY ST, OMAHA, NE 68102-4722
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 25, 2013
—
Kp Renner LLC
National Credit Union Administratio
Special Warranty Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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