Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    9806 Lackman Rd Lenexa, KS 66219-1210

    • Distribution centers
    • 200,087 SF
    • 12.59 lot acres
    OFF-MARKET
    Value Estimations
    $2,275,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US33-0799542
    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

    • Distribution centers

    Property Details for 9806 Lackman Rd

    Year built
    1978
    Construction
    CONCRETE
    Lot size
    12.59 lot acres
    Property size
    200,087 SF
    Zone code
    BP2
    Property type
    Distribution centers
    APN
    IF241305-3008
    APU
    IF2413053008

    Description

    This exceptional 195,000-square-foot industrial property, located at 9806 Lackman Rd in Lenexa, Kansas, presents a significant opportunity. Classified as a Class B building, it boasts a single story and was constructed in 1978. Situated on a substantial 12.56-acre lot, the property offers ample space for various industrial uses, including manufacturing, research and development, and warehousing. The building features 16 dock-high doors, providing efficient loading and unloading capabilities. Its location in Johnson County, Kansas, with a zip code of 66219, offers excellent access to major transportation routes, making it an ideal location for businesses requiring seamless logistics. The property's size and features make it suitable for a wide range of industrial operations, providing significant potential for growth and expansion. The expansive lot size also allows for future development or expansion of existing operations. This property represents a rare opportunity to acquire a well-maintained, sizable industrial space in a prime Kansas location. The combination of size, location, and features makes this an attractive investment for businesses seeking to establish or expand their operations in the thriving Lenexa market. The property's 1978 construction offers a solid foundation for immediate occupancy or potential renovation to meet specific operational needs.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Lenexa
    County
    Johnson
    State
    Kansas
    Longitude
    -94.762
    Latitude
    38.9506
    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
    $283,477
    $342,080
    $2,071,920
    $2,414,000
    -
    $1,368,320
    $8,287,680
    $9,656,000

    Comparable in this City

    • Value Estimation by Request
      47,405 SF

      15500-15610 100Th Ter

      Distribution properties • 47,405 SF
      15500-15610 100Th Ter, Lenexa, KS 66219
      View Details
    • Value Estimation
      $5,595,000
      143,060 SF

      10800 Ml Crk Rd

      DISTRIBUTION WAREHOUSE • 143,060 SF
      10800 Ml Crk Rd, Lenexa, KS 66219-1358
      View Details
    • Value Estimation
      $1,700,000
      62,123 SF

      16900 113th St

      DISTRIBUTION WAREHOUSE • 62,123 SF
      16900 113th St, Lenexa, KS 66219-1336
      View Details
    • Value Estimation by Request
      0.38 Acres

      Lenexa, KS 66219

      DISTRIBUTION WAREHOUSE • 0.38 Acres
      Lenexa, KS 66219
      View Details
    • Value Estimation by Request
      125,029 SF

      9801-9829 Commerce Pkwy

      Distribution properties • 125,029 SF
      9801-9829 Commerce Pkwy, Lenexa, KS 66219
      View Details
    • Value Estimation
      $11,070,000
      404,388 SF

      11200 Britton St

      DISTRIBUTION WAREHOUSE • 404,388 SF
      11200 Britton St, Lenexa, KS 66219-2599
      View Details

    Similar Nearby for Sale

    • $1,449,459
      64,480 SF

      Lenexa Flex Building - Investment Opportunity

      64,480 SF Flex Building in Lenexa, KS
      17002 College Cir, Lenexa, KS 66219
      View Details
    • $1,502,820
      72,000 SF

      Lenexa Logistics Centre South

      72,000 SF Flex Industrial Building
      11300 Britton St, Lenexa, KS 66219
      View Details
    • $1,705,809
      88,360 SF

      Lenexa Logistics Centre North Bldg. 3

      Flex space • 88,360 SF
      11303 Britton St, Lenexa, KS 66219
      View Details
    • $2,400,000
      12,915 SF

      Legler Road Flex Space - Lenexa, KS

      12,915 SF Flex/R&D Building, Vacant
      9724 Legler Rd, Lenexa, KS 66219
      View Details
    • $2,001,825
      12,915 SF

      Lenexa Flex/Industrial Building For Sale

      12,915 SF flex/industrial building on 1.16 acre lot.
      9724 Legler Rd, Lenexa, KS 66219
      View Details
    • $1,700,000
      2 SF

      Lenexa Land for Development

      2.6 acres of land ready for development in Lenexa.
      17055 W 96Th Ter, Lenexa, KS 66219
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      125,029 SF

      Kansas Commerce Center: Suite 16

      Lenexa Industrial Space - Multiple Units Available
      9801-9829 Commerce Pkwy, Lenexa, KS 66219
      View Details
    • Contact for pricing
      203,500 SF

      Lenexa Executive Park Warehouse Space

      Johnson County warehouse space, 8 units available.
      17501 98Th Ct, Lenexa, KS 66219
      View Details
    • $7 SF/Yr
      22,000 SF

      Distribution Warehouse Near I-35

      22,000 SF distribution space with highway access.
      9733 Lackman Rd, Lenexa, KS 66219
      View Details
    • Contact for pricing
      15,678 SF

      Lenexa Warehouse Space Available

      Industrial warehouse space available for lease in Lenexa, Kansas.
      10098 Lackman Rd, Lenexa, KS 66219
      View Details
    • Contact for pricing
      70,130 SF

      Lenexa Industrial Space Available

      70,130 square foot industrial property in Lenexa, Kansas.
      15620 Santa Fe Trail Dr, Lenexa, KS 66219
      View Details
    • Contact for pricing
      4,100 SF

      Lenexa Industrial Space Available

      Industrial property with 4,100 square feet available for rent.
      15455 West 100 Ter, Lenexa, KS 66219
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    9806 Lackman Rd
    Lenexa, KS 66219-1210
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.