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    9764 Quivira Rd Lenexa, KS 66215
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    9764 Quivira Rd Lenexa, KS 66215

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    • Office properties & Spaces
    • 11,900 SF
    • 5.07 lot acres
    For Lease
    $21 SF/Yr
    View Listing →
    Retail/Office Space Near Oak Park For Lease
    $21 SF/Yr
    2,300 SF

    Retail/Office Space Near Oak Park

    Retail and office spaces for lease near Oak Park Mall.

    9764 Quivira Rd, Lenexa, KS
    View Listing
    Property ID
    US33-0215946
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office properties & Spaces

    Property Details for 9764 Quivira Rd

    Year built
    1986
    Construction
    FRAME
    Lot size
    5.07 lot acres
    Property size
    11,900 SF
    Zone code
    CP1
    Property type
    Office properties & Spaces
    APN
    IF241303-3063
    APU
    IF2413033063

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,915,000
      6.5%
      $2,695,000
      7%
      $2,500,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $3,695,000
      Market price range: $652k - $3.70M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,995,000
      Current use
      RESTAURANT
      $2,065,000
      Change: +4% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Lenexa
    County
    Johnson
    State
    Kansas
    Longitude
    -94.7245
    Latitude
    38.9503
    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
    $116,302
    $386,723
    $600,528
    $987,251
    -
    $1,546,890
    $2,402,110
    $3,949,000

    Comparable in this City

    • Value Estimation
      $1,110,000
      22,066 SF

      12425 87th St Pkwy

      OFFICE (GENERAL) • 22,066 SF
      12425 87th St Pkwy, Lenexa, KS 66215-4524
      View Details
    • Value Estimation by Request
      8,000 SF

      8650 Candlelight Ln

      OFFICE (GENERAL) • 8,000 SF
      8650 Candlelight Ln, Lenexa, KS 66215-6007
      View Details
    • Value Estimation by Request
      13,164 SF

      97th St. & Quivira Rd

      Restaurants • 13,164 SF
      97th St. & Quivira Rd, Overland Park, KS 66215
      View Details
    • Value Estimation by Request
      4,990 SF

      9426 Pflumm Rd

      OFFICE (GENERAL) • 4,990 SF
      9426 Pflumm Rd, Lenexa, KS 66215-3308
      View Details
    • Value Estimation by Request
      7,992 SF

      13830 Santa Fe Trl Dr

      OFFICE (GENERAL) • 7,992 SF
      13830 Santa Fe Trl Dr, Lenexa, KS 66215-3310
      View Details
    • Value Estimation by Request
      2,400 SF

      9630 Monrovia St

      OFFICE (GENERAL) • 2,400 SF
      9630 Monrovia St, Lenexa, KS 66215-1511
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Land For Sale

      Land available for sale in Lenexa, Kansas.
      13320-13326 Santa Fe Trail Dr, Lenexa, KS 66215
      View Details
    • $1,500,000
      8,000 SF

      Lenexa Medical/Office Investment Opportunity

      Medical and office property for sale in Lenexa, Kansas.
      8650 Candlelight Ln, Lenexa, KS 66215
      View Details
    • Contact for pricing
      35,454 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
    • Contact for pricing
      70,589 SF

      Lenexa Flex/Industrial Property For Sale

      Flex/industrial property available for sale in Lenexa, Kansas.
      10932-10950 Strang Line Rd, Lenexa, KS 66215
      View Details
    • Contact for pricing
      4,600 SF

      Lenexa Office Space Available

      4,600 sqft office space with multiple offices and parking.
      9870 Quivira Rd, Lenexa, KS 66215
      View Details
    • Contact for pricing
      35,454 SF

      Lenexa Office Building For Sale

      Office building for sale in Lenexa, Kansas.
      11025-11091 Strang Line Rd, Lenexa, KS 66215
      View Details

    Similar Nearby for Lease

    • $32 SF/Yr
      2,790 SF

      Lenexa Office Space Available

      Office space available for lease in Lenexa, Kansas.
      10550 Quivira Rd, Lenexa, KS 66215
      View Details
    • Contact for pricing
      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
    • Contact for pricing

      Lenexa Office and Coworking Space

      Office and coworking space available for rent in Lenexa, Kansas.
      9800-9822 Pflumm Rd, Lenexa, KS 66215
      View Details
    • Contact for pricing
      2,790 SF

      Lenexa Office Space Available

      Office space available for rent in Lenexa, Kansas.
      10550 Quivira Rd, Lenexa, KS 66215
      View Details
    • Contact for pricing

      Lenexa Warehouse with Office Unit

      Warehouse with office unit, high ceilings, and convenient location.
      14034 W 107Th St, Lenexa, KS 66215
      View Details
    • Contact for pricing

      Lenexa Flex and Warehouse Space

      Flex, industrial, office, and warehouse spaces available for lease.
      11066 Strang Line Rd, Lenexa, KS 66215
      View Details
    View Listing
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    Lenexa, KS 66215
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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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