Owner-User Office
For Sale
Contact for pricing
11015 W 75th Terrace, Overland Park, KS 66214
Office property suited to an owner-user seeking a dedicated commercial workplace.
Property Size5,307 SF
Price / SF$160.17
Days on Market22
Property Features for 11015 W 75th Terrace
General Information
Standard status
Active
Size
5,307 SF
Total Parking Spaces
42
Property subtype
Office
Investment Type
Owner/User
Building Details
Buildings
1
Listing Agency:
Colliers - Kansas City, Missouri
Listed By:
Carson St Clair · License #KS 2022041492
(816) 531-5303
Source:
Crexi
Added: Aug 18
Changed: Sep 8
Last Checked: Sep 8 at 3:27AM
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 Colliers - Kansas City, Missouri
Investment Insights
Based on property information with market context.
This office building contains 5,307 square feet and is offered for sale as an owner-user property. The asset is located at 11015 W 75th Terrace in Overland Park, Kansas 66214.
Key Highlights
- 5,307 SF office building
- Owner‑user office property
- Located at 11015 W 75th Terrace, Overland Park, KS 66214
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
$67,286
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
7.92%
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%
$1,345,720
$1.3M
Cap Rate 7%
$961,229
$961.2K
Cap Rate 9%
$747,622
$747.6K
Market Conditions
NOI Build-Up for 5,307 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
$111.4K $21.00/SF
− Vacancy
−$21.7K −$4.10/SF
EGI
$89.7K $16.90/SF
− OpEx
−$22.4K −$4.23/SF
NOI
$67.3K $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%
$1,345,720
Cap Rate 7%
$961,229
Cap Rate 9%
$747,622
Alternative Uses
Best Use
Office B
$961.2K
$841.1K – $1.12M
NOI $67,286 @ 7.0% cap · market cap 7.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.37M
$1.20M – $1.60M
NOI $95,717 @ 7.0% cap · market cap 11.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
839
Businesses Nearby
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Office property suited to an owner-user seeking a dedicated commercial workplace.
Where is this office building located?
The property is located at 11015 W 75th Terrace Overland Park, KS.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 5,307 SF office building; Owner‑user office property; Located at 11015 W 75th Terrace, Overland Park, KS 66214
