Lenexa, KS
Commercial Real Estate Market Trends & Data

$218 Avg asking sale price
$93 Avg asking lease rate
11,038 SF Avg unit lease size
29,809 SF Avg building size for sale
6.84% Average cap rate

Lenexa's Demographic Profile

Lenexa has 24,923 households and a median income of $97,624, providing context for rent absorption and tenant demand across retail and multifamily assets. A +4% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 59,657
# Households 24,923
Median age 40
Median household income $97,624
Avg household size 2.0
Renter-occupied housing units 10,774
5-year population change +4%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Lenexa, KS

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Lenexa $187 27,965 SF 8.00%
Shawnee Mission $182 29,253 SF 8.18%
Shawnee $240 31,558 SF 8.00%
Olathe $174 34,046 SF 8.00%
Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
Lenexa $132 42,068 SF 6.50%
Shawnee Mission $122 49,524 SF 6.66%
Olathe $133 67,106 SF 6.66%
Overland Park $120 38,218 SF 6.66%
Nearby Retail Markets Avg Cost/SF Typical Size
Lenexa $278 19,792 SF
Shawnee Mission $230 15,633 SF
Shawnee $260 19,337 SF
Olathe $347 21,682 SF
Merriam $131 15,305 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Lenexa $197 87,198 SF 7.71%
Shawnee Mission $217 33,831 SF 8.78%
Olathe $197 111,115 SF 7.71%
Overland Park $171 50,914 SF 7.25%

Commercial Properties For Sale in Lenexa

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

115-125 E Park St

Olathe, KS 66061

  • 2,750 SF Office Building
  • $425,000
For Sale

Sonic Drive-In | Shawnee, KS

Shawnee, KS 66227

  • 1,573 SF Retail Building
  • 6.00% Cap Rate
  • $1,021,467
For Sale

10841 W 87th St

Overland Park, KS 66214

  • 5,000 SF Office Building
  • 7.47% Cap Rate
  • $499,000
For Sale

Oakbrook Plaza | Overland Park, KS

Overland Park, KS 66204

  • 22,020 SF Retail Building
  • 7.25% Cap Rate
  • $5,105,000
For Sale

Lindenwood Business Park Bldg B

Olathe, KS 66062

  • 18,750 SF Industrial Building
  • $3,515,503
For Sale

15553 W 110th St

Lenexa, KS 66219

  • 17,000 SF Industrial Building
  • $2,550,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether Lenexa pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Lenexa $218 29,809 SF
Shawnee Mission $194 29,324 SF
Shawnee $174 31,248 SF
Olathe $243 39,791 SF
Merriam $118 23,334 SF

Regional Demographic Comparison

This comparison places Lenexa alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Lenexa or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Lenexa 59,657 24,923 40 $97,624 2 10,774 4%
Shawnee Mission 411,439 171,265 40 $94,274 2 62,174 3%
Shawnee 67,985 25,956 40 $93,365 3 7,216 3%
Olathe 146,672 52,108 38 $101,567 3 14,528 4%
Merriam 11,003 5,085 40 $65,352 2 2,217 3%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Lenexa, KS and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Lenexa

View All Commercial Real Estate For Sale in Lenexa
Is Lenexa a good market for a first-time commercial real estate investor?

Lenexa offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Lenexa?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Lenexa. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Lenexa?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Lenexa. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Lenexa compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Lenexa. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Lenexa acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Lenexa, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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