Buying In Lenexa, KS
Sell Your Commercial Property In Lenexa, KS
We are an active buyer of Lenexa commercial rental properties with five or more units, whether the building is fully leased, half vacant, or overdue for renovation.
- Clear feedback on your deal, typically within 48 hours
- 5 to 100+ units, stabilized or distressed, listed or off-market
- Owners, agents, and brokers welcome — every conversation is confidential
We buy:Tired landlordsEstate & trust sales1031 exchangesDeferred maintenanceHigh vacancyPartnership splits
Areas We Target: City Center Lenexa · Old Town Lenexa · Shawnee · Olathe — Johnson County, KS
Market Snapshot
Renter Demand In Lenexa
Lenexa, Kansas, is home to 58,384 people, per ACS 2020-2024. Median household income in Lenexa is $103,239. Median gross rent is $1,454 a month, against a Johnson County median of $1,434.
Renters hold 43.2% of Lenexa homes, and 31.4% of housing sits in buildings of five or more units. City Center Lenexa, a 200-acre district at 87th Street Parkway and Renner Boulevard, sits near the geographic center of Lenexa. This page gathers the rent, tax and lease figures buyers request when owners sell commercial property in Lenexa, KS.
City Center Lenexa
A 200-acre district at 87th Street Parkway and Renner Boulevard, anchored by a 200,000-square-foot civic campus opened in 2017.Commuter workforce
In ACS 2020-2024, 19,653 of 33,149 Lenexa workers, or 59.3%, worked outside the city, per table B08008.Ownership costs
Lenexa's median home value is $394,900 in ACS 2020-2024, versus $217,200 statewide, per table B25077.Our Buy Box
What We Buy In Lenexa
Asset Type
Multifamily, 5+ Units
Apartment buildings and income-producing residential.
Size
5 – 100+ Units
Sweet spot: 15–25 units.
Condition
Stabilized To Distressed
Value-add, mismanaged, and high-vacancy properties welcome.
Deal Types
Listed Or Off-Market
Direct-to-owner, pocket listings, portfolios.
Local Market Data
Lenexa Apartment Market
Figures gathered October 2026 from public market data.
Who rents in Lenexa
Renters occupy 43.2% of Lenexa homes, or 10,708 of 24,776 households, per ACS 2020-2024 table B25003. Johnson County sits at 31.5%.
Buildings with five or more units hold 31.4% of Lenexa housing, per table B25024. Only 28.2% of the Lenexa stock predates 1980, per table B25034.
Rents and affordability in Lenexa
Median gross rent in Lenexa is $1,454 a month, per ACS 2020-2024 table B25064. Rental vacancy is 4.4% in table DP04. In table B25070, 36.9% of Lenexa renters spend 30% or more of income on rent.
| Unit size | HUD FY2027 FMR |
|---|---|
| Efficiency | $1,257 |
| One bedroom | $1,366 |
| Two bedroom | $1,546 |
| Three bedroom | $2,020 |
| Four bedroom | $2,419 |
These HUD FY2027 fair market rents cover the Kansas City, MO-KS HUD Metro FMR Area. The two-bedroom figure runs $92 above the Lenexa median. Owners who sell commercial real estate in Lenexa, KS can point buyers to that gap.
Property taxes in Johnson County
A $2,000,000 Lenexa apartment building in the Shawnee Mission district owes about $25,443.29 at 2025 levies. Kansas assesses multi-family property at 11.5% of value under K.S.A. 79-1439.
The City of Lenexa tax page lists 110.623 total mills in Shawnee Mission, 121.814 in De Soto and 121.720 in Olathe. Assessed value is $2,000,000 x 11.5% = $230,000, and $230,000 x 110.623 / 1,000 = $25,443.29.
The city portion is 26.234 mills on the 2025 Johnson County levy sheet. Anyone planning to sell commercial property in Lenexa, KS should expect buyers to model this bill. Appeals are due within 30 days of the valuation notice mailing under K.S.A. 79-1448.
Landlord rules in Lenexa
Kansas caps deposits on unfurnished units at one month's rent under K.S.A. 58-2550. The balance is due within 14 days after charges are determined.
A landlord may terminate when rent stays unpaid three days after written notice, per K.S.A. 58-2564. K.S.A. 12-16,120 bars Lenexa and other Kansas political subdivisions from enacting rent control.
What it means for an owner in Lenexa
Lenexa pairs 4.4% rental vacancy with a $1,454 median rent and 110.623 mills in Shawnee Mission. Before you sell commercial property in Lenexa, KS, test your income with our cap rate calculator.
Skyline Capital Investments buys 5+ unit apartment buildings for cash. To sell your apartment building in Lenexa without a listing, review our direct sale process.
Local Knowledge
Pricing Your Building In Lenexa
More about selling in Kansas →Investing in Lenexa? See apartment syndications in Lenexa →
- The City of Lenexa levies 26.234 of 110.623 mills, or 23.7% of a 2025 Shawnee Mission bill.
- Owners selling commercial property in Lenexa face 25% assessment on commercial and industrial real property.
- A 4.4% rental vacancy frames pricing when you sell commercial real estate in Lenexa, KS.
Seller Guides
Selling In Lenexa? Common Situations We Handle
Learn More
Taxes & Rules For Lenexa Property
The Kansas rules that shape any deal in Lenexa: what a sale costs in tax, how buildings are taxed, what landlords must follow, and how to defer gains.
Lenexa Seller FAQ
What numbers matter when I sell commercial property in Lenexa, KS?
Buyers start with three figures. Lenexa median gross rent was $1,454 a month in ACS 2020-2024, and rental vacancy was 4.4%. A $2,000,000 apartment building in the Shawnee Mission district carries about $25,443.29 in 2025 property tax at 110.623 mills.
Which taxes apply when I sell commercial real estate in Lenexa, KS?
Annual property tax drives buyer math. Kansas assesses apartments at 11.5% of value and commercial real property at 25%, under K.S.A. 79-1439. Lenexa parcels faced 110.623 mills in Shawnee Mission, 121.814 in De Soto and 121.720 in Olathe for 2025.
How do Lenexa rents compare with HUD fair market rents?
Lenexa median gross rent of $1,454 sits $92 below HUD's FY2027 two-bedroom fair market rent of $1,546. The Johnson County median is $1,434. Owners who sell multifamily property in Lenexa can show buyers that gap.
How fast must a Lenexa landlord return a security deposit?
K.S.A. 58-2550 caps a deposit on an unfurnished unit at one month's rent. The balance is due within 14 days after charges are determined. The outer limit is 30 days after the tenancy ends, possession returns and the tenant demands it.
Can Lenexa pass rent control?
No. K.S.A. 12-16,120 bars any Kansas political subdivision from enacting or enforcing an ordinance that controls rent on privately owned residential or commercial property. Lenexa rents follow the market, at a $1,454 median in ACS 2020-2024.
What if my Lenexa building has vacancies or deferred maintenance?
That is often where we add the most value. We buy buildings that need renovation, new management, or lease-up, and we account for that in our offer.
How does a sale to you work in Johnson County?
Send the address, unit count, and any financials. We give feedback, then a written letter of intent if it fits, followed by diligence and a closing date that works for you.
Can I sell rental property in Lenexa with tenants in place?
Yes. We buy apartment buildings with tenants in place and keep existing leases intact. As a commercial real estate buyer focused on 5+ unit properties, we underwrite the current rent roll as it stands.
How fast can I sell my apartment building in Lenexa?
Most owners get clear feedback within 48 hours of sending the address, unit count, and a rent roll. Closing is typically set around your timeline, including extra time for a 1031 exchange.
Submit A Deal
Get An Offer Review In Lenexa
Tell us about it. Owners, agents, brokers, and deal finders are all welcome — conversations are confidential.
