Turn-Key Dental Office
For Sale
Contact for pricing
10801 W 87TH ST, Overland Park, KS 66214
Move-in ready dental office condo with three treatment bays, imaging equipment, and on-site lab and sterilization areas.
Property Size2,074 SF
Price / SF$277.24
Days on Market99
Property Features for 10801 W 87TH ST
General Information
Standard status
Active
Size
2,074 SF
Property subtype
Office
Additional Details
Business Included
Yes
Service Bays
3
Building Details
Year Built
1985
Units
1
Listing Agency:
Keller Williams Realty Partners, Inc
Listed By:
Taner Neighbors · License #2006037945
(913) 449-8166
Source:
Crexi
Added: Jun 2
Changed: Sep 7
Last Checked: Sep 7 at 8:26AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty Partners, Inc
Investment Insights
Based on property information with market context.
This turn-key dental office condo is designed for immediate operation and includes three treatment bays with dental chairs and existing operatory infrastructure. The space is equipped with x-ray and panoramic imaging equipment, built-in cabinetry, sinks, monitors, and support equipment, along with lab/sterilization workspace and built-in support areas.
The layout also provides patient waiting space, a private office, and a staff break room to support day-to-day clinical workflow. With the core clinical and imaging components already in place, the space is configured to support a dental practice with minimal buildout needs.
Overall, the suite offers a complete, ready-to-operate dental environment featuring dedicated treatment, imaging, and sterilization areas plus administrative and patient-facing rooms.
The layout also provides patient waiting space, a private office, and a staff break room to support day-to-day clinical workflow. With the core clinical and imaging components already in place, the space is configured to support a dental practice with minimal buildout needs.
Overall, the suite offers a complete, ready-to-operate dental environment featuring dedicated treatment, imaging, and sterilization areas plus administrative and patient-facing rooms.
Key Highlights
- Move‑in ready dental office condo (built 1985) at 10801 W 87th St, Overland Park, KS
- Three treatment bays with dental chairs, plus built‑in cabinetry, sinks, and monitor/support equipment in each bay
- Imaging equipment included: x‑ray equipment and panoramic imaging capability
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
$26,296
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
4.57%
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%
$525,920
$525.9K
Cap Rate 7%
$375,657
$375.7K
Cap Rate 9%
$292,178
$292.2K
Market Conditions
NOI Build-Up for 2,074 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
$43.6K $21.00/SF
− Vacancy
−$8.5K −$4.10/SF
EGI
$35.1K $16.90/SF
− OpEx
−$8.8K −$4.23/SF
NOI
$26.3K $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%
$525,920
Cap Rate 7%
$375,657
Cap Rate 9%
$292,178
Alternative Uses
Best Use
Office B
$375.7K
$328.7K – $438.3K
NOI $26,296 @ 7.0% cap · market cap 4.57%
Second Best
Healthcare Medical
$337.9K
$295.7K – $394.2K
NOI $23,654 @ 7.0% cap · market cap 4.11%
Theoretical Best
Office A
$534.4K
$467.6K – $623.5K
NOI $37,407 @ 7.0% cap · market cap 6.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
3
Service bays
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,260
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 66214, KS
12,263
Population
5,652
Households
2.2
Avg Household Size
35
Median Age
52%
College-Educated
95%
High-School Grad
3.9 sq mi
ZIP Area
3,144
Density / Sq Mi
$80,842
Median Household Income
$47,740
Median Earnings
$1,122
Median Rent
$321,700
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?
Medical Office Space - Move-in ready dental office condo with three treatment bays, imaging equipment, and on-site lab and sterilization areas.
Where is this medical office space located?
The property is located at 10801 W 87TH ST Overland Park, KS.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Move‑in ready dental office condo (built 1985) at 10801 W 87th St, Overland Park, KS; Three treatment bays with dental chairs, plus built‑in cabinetry, sinks, and monitor/support equipment in each bay; Imaging equipment included: x‑ray equipment and panoramic imaging capability
