Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • 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

    8231 Travis St Overland Park, KS 66204

    Sponsored
    For Sale
    $1,000,000

    MULTI_FAMILY - Overland Park, KS

    Lot size:
    0.39 Acres
    Days on Market:
    83
    Last Refresh:
    Jan 27 at 1:06 pm

    Property Features for 8231 Travis St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    DFD
    APN
    NP12600000-0006F
    Parking
    1
    Lot size
    0.39 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas
    Cooling system
    Electric
    Water source
    Public

    Building Details

    Year built
    1955
    Floors in Building
    1
    Building materials
    Frame
    Roof type
    Composition

    We can help!

    Listing Contact
    Andy Carter
    Andy Carter

    Real Broker, LLC (855) 450-0442

    Listing agent Andy Carter (785) 329-9077

    Listing date Nov 6, 2025

    MLS# 2567174 Listing URL

    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.

    Learn more

    Property Insight Report

    Overview

    Overland Park Development Opportunity

    This listing features a property of approximately 0.39 acres, offering a development opportunity within Overland Park's vibrant Downtown Form District (DFD). The DFD zoning promotes a pedestrian-friendly environment with accessible streetscapes and public spaces, emphasizing the creation of adaptable, mixed-use buildings such as single-family homes and townhomes. This aligns with Overland Park's Vision Metcalf Plan. The property is located close to a variety of dining, shopping, and entertainment options. The property is sold in its present condition. The combined property, including the adjacent lot at 8221 Travis Street, totals nearly one acre (38,571 square feet). Additional adjoining parcels are also available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Overland Park
    County
    Johnson
    State
    Kansas
    Longitude
    -94.665746
    Latitude
    38.979264

    Nearby Similar for Sale

    • New
      $287,000
      Pending

      Overland Park Duplex in Excellent Condition

      Inviting duplex near I-435, restaurants, and stores.
      8517 W 109Th Ter, Overland Park, KS 66210
      View Details
    • $800,000
      4,500 SF

      Versatile Commercial Building in Overland Park

      Adaptable commercial building suitable for various professional uses.
      10484 Marty St, Overland Park, KS 66212
      View Details
    • $319,950
      Pending

      Remodeled Duplex Overlooking Stoll Park

      Recently remodeled duplex with new features and park views.
      11822 Oakmont St, Overland Park, KS 66210
      View Details
    • $330,000
      Pending

      Overland Park Townhome with Garage

      3-bedroom townhome in Blue Valley School District, near shopping.
      15530 Marty St, Overland Park, KS 66223
      View Details
    • New
      $330,000
      Pending

      Updated Duplex in Overland Park

      Well-maintained duplex near parks, shopping, and Blue Valley schools.
      10905 W 115Th St, Overland Park, KS 66210
      View Details
    • $390,000
      0.04 Acres

      Luxury Condo Garage in Stilwell

      Remodeled 1800 sq ft condo garage with 24/7 gated access.
      16010 Foster St, Stilwell, KS 66085
      View Details
    • $257,000
      Pending

      Spacious Overland Park Duplex

      Well-maintained duplex in a welcoming Overland Park neighborhood.
      7732 W 152Nd Ter, Overland Park, KS 66223
      View Details
    • $650,000
      1.79 Acres

      Overland Park Flex-Space Ownership Opportunity

      Rare opportunity to own commercial real estate in Overland Park.
      12647 Hemlock St, Overland Park, KS 66213
      View Details
    • $600,000
      1.79 Acres

      Overland Park Flex-Space Opportunity

      Commercial flex-space for sale in thriving Overland Park market.
      12651 Hemlock St, Overland Park, KS 66213
      View Details
    • $2,750,000
      Pending

      Equestrian Estate with Historic Homestead

      26-acre equestrian estate featuring a historic homestead and modern amenities.
      5947 W 167Th St, Stilwell, KS 66085
      View Details
    • $550,000
      Pending

      Luxury Condo Garage in Overland

      Spacious, updated condo garage with recreational features in gated complex.
      16018 Foster St, Overland Park, KS 66085
      View Details
    • $1,554,591
      0.20 Acres

      Remodeled Office Building with Suites

      Remodeled office building with four suites, leasing potential.
      10580 Barkley St, Overland Park, KS 66212
      View Details

    FAQs

    What type of property is this?
    Commercial land - Nearly one acre development opportunity in Overland Park's Downtown District.
    Where is this commercial land located?
    The property is located at 8231 Travis St Overland Park, KS.
    What is the asking price?
    The asking price for this property is $1,000,000.
    What are key features of this property?
    This property features: - Nearly one acre (38,571sf) property in Overland Park's Downtown Form District (DFD).; - Unique development opportunity within the DFD zoning, allowing for adaptable, mixed-use buildings (single family and/or townhomes).; - Aligns with Overland Park's Vision Metcalf Plan.
    (913) 636-0517
    Request Owner's contact information
    8231 Travis St Overland Park, KS 66204
    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.
    8231 Travis St
    Overland Park, KS 66204
    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
    8231 Travis St Overland Park, KS 66204
    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

    We can help!
    Listing Contact
    Andy Carter
    Andy Carter
    Real Estate License ID: SP00236295
    (913) 636-0517
    Learn more
    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.