Office Building with Drive-In
New
For Sale
$2,785,000
7899 Frontage Road, Overland Park, KS 66204
Commercial Sale, Overland Park, KS
Property Size10,124 SF
Lot Size0.69 Acres
Price / SF$275.09
Days on Market3
Property Features for 7899 Frontage Road
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
CP-3
Parking
30
Parking features
Parking Lot, Garage
Interior features
Storage, Private Restroom
Exterior features
Building Sign, Delivery Door(s), Display Window
Directions
From I-35, take the 75th Street exit and head east to Frontage Road. South on Frontage Road to the property at 7899 Frontage Rd, near the intersection of 79th Street.
Subdivision
320 - N=75th;S=I-435;E=State Ln;W=I-35 & K-12
Standard status
Active
APN
NP07800001-0003
Lot size
0.69 Acres
Taxes and HOA fees
Tax Description
BRYAN PARK LT 3 BLK 1 EX BG SECR W 168.29' N 130.20' E 94.79' SE 110.41' SW ALG E/L 66.43' TO BG & EX BG 128.29' W& 130.20' N SE CR LT 3 NW 116.96' NE 25.06' & 108.22' SE210' SW 134.93' NW 110.41' W 54.99' TO POB & EX BG W CR LT 3 NE 67.32' SW 30.95' S 39.34'TO S/L LT 3 W 38.71' TO POB IN ST OPC 748A 1 3
Tax Annual Amount
18448
Legal Description
BRYAN PARK LT 3 BLK 1 EX BG SECR W 168.29' N 130.20' E 94.79' SE 110.41' SW ALG E/L 66.43' TO BG & EX BG 128.29' W& 130.20' N SE CR LT 3 NW 116.96' NE 25.06' & 108.22' SE210' SW 134.93' NW 110.41' W 54.99' TO POB & EX BG W CR LT 3 NE 67.32' SW 30.95' S 39.34'TO S/L LT 3 W 38.71' TO POB IN ST OPC 748A 1 3
Utilities
Utilities
Water Available
Building Details
Year built
1984
Additional Structures
Storage
Listing Agency:
RE/MAX Realty Suburban Inc · RE/MAX International
(913) 492-0200
Listed By:
Tyler Schell · License #SP00237124
(913) 961-7531
Added: Aug 20
Changed: Aug 21
Last Checked: Aug 22 at 6:06PM
MLS# 2637910
Copyright © 2026 Heartland Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 10,124-square-foot office property, built in 1984, provides a 5,425-square-foot main level and a full lower level with drive-in access. The interior includes an open showroom, several private offices, storage, a private restroom, and adaptable space for equipment or day-to-day operations. Exterior features include display windows, building signage, and delivery doors.
The property sits along the I-35 corridor at 79th Street in Overland Park, with access to I-35, 79th Street, and Metcalf Avenue. Interstate exposure is estimated at more than 120,000 vehicles per day. The site includes 30 parking spaces, multiple access points, a parking lot, and a garage. CP-3 Planned Commercial zoning and water availability are also reported. Recent improvements include a new roof.
The property sits along the I-35 corridor at 79th Street in Overland Park, with access to I-35, 79th Street, and Metcalf Avenue. Interstate exposure is estimated at more than 120,000 vehicles per day. The site includes 30 parking spaces, multiple access points, a parking lot, and a garage. CP-3 Planned Commercial zoning and water availability are also reported. Recent improvements include a new roof.
Key Highlights
- 10,124 SF of total usable space, including 5,425 SF on the main level
- Full lower level with drive‑in access
- Open showroom, private offices, storage, and private restroom
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$128,360
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.61%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,567,200
$2.6M
Cap Rate 7%
$1,833,714
$1.8M
Cap Rate 9%
$1,426,222
$1.4M
Market Conditions
NOI Build-Up for 10,124 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$212.6K $21.00/SF
− Vacancy
−$41.5K −$4.10/SF
EGI
$171.1K $16.90/SF
− OpEx
−$42.8K −$4.23/SF
NOI
$128.4K $12.68/SF
Area
Overland Park, KS
Vacancy
19.50%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,567,200
Cap Rate 7%
$1,833,714
Cap Rate 9%
$1,426,222
Alternative Uses
Best Use
Office B
$1.83M
$1.60M – $2.14M
NOI $128,360 @ 7.0% cap · market cap 4.61%
Second Best
Retail
$1.69M
$1.47M – $1.97M
NOI $117,995 @ 7.0% cap · market cap 4.24%
Theoretical Best
Office A
$2.61M
$2.28M – $3.04M
NOI $182,596 @ 7.0% cap · market cap 6.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Drive-in doors
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
756
Businesses Nearby
Explore this area
Business Placement
Demographics for 66204, KS
19,381
Population
9,292
Households
2.1
Avg Household Size
36
Median Age
46%
College-Educated
92%
High-School Grad
5.0 sq mi
ZIP Area
3,876
Density / Sq Mi
$75,248
Median Household Income
$50,567
Median Earnings
$1,319
Median Rent
$254,400
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Flexible commercial layout combines showroom, private offices, storage, and operational space.
Where is this office building located?
The property is located at 7899 Frontage Road Overland Park, KS.
What is the asking price?
The asking price for this property is $2,785,000.
What are key features of this property?
This property features: 10,124 SF of total usable space, including 5,425 SF on the main level; Full lower level with drive‑in access; Open showroom, private offices, storage, and private restroom
