Add Listing
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

    Prairie Village, KS

    • Super regional malls
    • 132,923 SF
    OFF-MARKET
    Last Sale
    Feb 02, 2023
    Value Estimations
    $11,190,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US33-1030555
    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

    • Super regional malls

    Property Details for Prairie

    Year built
    1958
    Construction
    CONCRETE BLOCKS
    Property size
    132,923 SF
    Property type
    Super regional malls
    Property subtype
    Shopping centers
    APN
    OL55400000 0001
    APU
    OL554000000001

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $8,945,000
      Current use
      OFFICE BUILDING
      $18,030,000
      Change: +102% Conversion: Moderate
      RETAIL STORES
      $10,815,000
      Change: +21% Conversion: Easy
      AUTO REPAIR, GARAGE
      $10,105,000
      Change: +13% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Village
    County
    Johnson
    State
    Kansas
    Longitude
    -94.6309
    Latitude
    38.9971
    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
    $34,304
    $0.00
    $303,188
    $303,188
    -
    $0.00
    $1,212,750
    $1,212,750

    Comparable in this City

    • Value Estimation by Request
      0.05 Acres

      Leawood, KS

      REGIONAL SHOPPING CENTER, MALL • 0.05 Acres
      Leawood, KS
      View Details
    • Value Estimation by Request

      Overland Park, KS

      REGIONAL SHOPPING CENTER, MALL
      Overland Park, KS
      View Details
    • Value Estimation by Request
      0.65 Acres

      Overland Park, KS

      REGIONAL SHOPPING CENTER, MALL • 0.65 Acres
      Overland Park, KS
      View Details
    • Value Estimation by Request
      0.31 Acres

      Olathe, KS

      REGIONAL SHOPPING CENTER, MALL • 0.31 Acres
      Olathe, KS
      View Details
    • Value Estimation
      $4,470,000
      44,987 SF

      Olathe, KS

      SHOPPING CENTER, STRIP CENTER • 44,987 SF
      Olathe, KS
      View Details
    • Value Estimation
      $590,000
      2.26 Acres

      Overland Park, KS

      SHOPPING CENTER, STRIP CENTER • 2.26 Acres
      Overland Park, KS
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      13,039 SF

      Retail Strip Center For Sale

      Retail strip center on 2.88 acres with redevelopment potential.
      4339 S Broadway Ave, Wichita, KS
      View Details
    • Contact for pricing
      19,307 SF

      Retail Redevelopment Opportunity with Cashflow

      Retail redevelopment opportunity with cashflow while navigating the entitlement process.
      8001-8015 Shawnee Mission Pkwy, Mission, KS
      View Details
    • Contact for pricing
      11,055 SF

      Restaurant Pad Site For Lease

      Restaurant pad site with patio and elevator access available.
      5001 Town Center Dr, Leawood, KS
      View Details
    • Contact for pricing

      Retail Space Near I-135

      Retail space with street visibility near new development.
      415-425 E 61 St N, Park City, KS
      View Details
    • Contact for pricing

      Turn-Key Restaurant with Drive-Thru

      Fully operational restaurant with drive-thru in a vibrant industrial area.
      1710 S St W, Wichita, KS
      View Details
    • Contact for pricing
      15,000 SF

      Auto Dealership with Showroom

      15,000 SF auto dealership with showroom and service area.
      6801 Hedge Lane Ter, Shawnee, KS
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,078 SF

      Retail Spaces in Shawnee Center

      Retail spaces available in Price Chopper anchored neighborhood center.
      22056 W 66 Ter, Shawnee, KS
      View Details
    • Contact for pricing
      5,176 SF

      Retail Space Near Walmart

      Retail spaces available for lease near major anchors.
      5010 Roe Blvd, Roeland Park, KS
      View Details
    • Contact for pricing
      1,640 SF

      Retail Space Near Major Anchors

      Retail space with high visibility and excellent highway access.
      4980 Roe Blvd, Roeland Park, KS
      View Details
    • Contact for pricing
      1,825 SF

      Retail Space in Shawnee Center

      Retail spaces available in a Price Chopper-anchored neighborhood center.
      22330 W 66 Ter, Shawnee, KS
      View Details
    • Contact for pricing
      1,660 SF

      Retail Space in Community Center

      Retail spaces available in a Target-anchored community center.
      320-324 Southwind Rd, Manhattan, KS
      View Details
    • Contact for pricing
      22,352 SF

      22,352 SF Retail Space Available

      Retail space available at signalized intersection in Roeland Park, KS.
      5101 Johnson Dr, Roeland Park, KS
      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.
    Prairie
    Village, KS
    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.
    Sign Up Successful!
    You now have access to more from Realmo!