Overland Park Medical Office
For Sale
Contact for pricing
11755 W 112th St, Overland Park, KS 66210
Two-story medical office building with established tenant and owner-user opportunity.
Property Size13,360 SF
Price / SF$175.90
Days on Market455
Property Features for 11755 W 112th St
General Information
Standard status
Active
Size
13,360 SF
Class
B
Total Parking Spaces
60
Property subtype
Office
Zoning
CP-O Business Office
Occupancy
50%
Lease Type
Modified Gross
Investment Type
Owner/User
Building Details
Year Built
1985
Year Renovated
2022
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
Lane4 Property Group
(816) 960-1444
Listed By:
Spencer Stewart · License #KS 00248759
Source:
Crexi
Added: May 14, 2025
Changed: Aug 8
Last Checked: Aug 10 at 3:52AM
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 Lane4 Property Group
Investment Insights
Based on property information with market context.
The property at 11755 W. 112th Street is a 2-story medical office building located in Overland Park, KS, offering approximately 13,360 rentable square feet. Currently, the building is 50% leased and occupied by College Park Family Care Center, a multi-specialty practice group that is part of the HCA Midwest Health network and a wholly-owned subsidiary of HCA Healthcare. The available space of approximately 6,417 square feet presents an opportunity for an owner-user to occupy the remaining space alongside an established practice group. The facility includes traditional medical office space with a lobby, conference space, breakroom, exam rooms, and offices. The location is within the Kansas City metropolitan area, which has an estimated population base of more 2.3 million residents. The area surrounding the property is densely populated with numerous single-family housing developments and is adjacent to the Johnson County Rehabilitation Hospital. The building has a location on College Blvd, near major highways, and dedicated parking with a ratio of 4.49 per 1000 square feet.
Key Highlights
- 50% leased by College Park Family Care Center, part of HCA Midwest Health network
- Approximately 6,417 SF of vacant space ideal for owner/user occupancy
- Prime location on College Blvd near major highways
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
$169,388
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
7.21%
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%
$3,387,760
$3.4M
Cap Rate 7%
$2,419,829
$2.4M
Cap Rate 9%
$1,882,089
$1.9M
Market Conditions
NOI Build-Up for 13,360 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
$280.6K $21.00/SF
− Vacancy
−$54.7K −$4.10/SF
EGI
$225.9K $16.90/SF
− OpEx
−$56.5K −$4.23/SF
NOI
$169.4K $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%
$3,387,760
Cap Rate 7%
$2,419,829
Cap Rate 9%
$1,882,089
Alternative Uses
Best Use
Office B
$2.42M
$2.12M – $2.82M
NOI $169,388 @ 7.0% cap · market cap 7.21%
Second Best
Healthcare Medical
$2.18M
$1.90M – $2.54M
NOI $152,368 @ 7.0% cap · market cap 6.48%
Theoretical Best
Office A
$3.44M
$3.01M – $4.02M
NOI $240,961 @ 7.0% cap · market cap 10.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,205
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 66210, KS
19,057
Population
9,700
Households
2
Avg Household Size
39
Median Age
62%
College-Educated
98%
High-School Grad
6.1 sq mi
ZIP Area
3,124
Density / Sq Mi
$93,368
Median Household Income
$54,948
Median Earnings
$1,407
Median Rent
$345,200
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 - Two-story medical office building with established tenant and owner-user opportunity.
Where is this medical office space located?
The property is located at 11755 W 112th St Overland Park, KS.
What is the asking price?
The asking price for this property is $2,350,000.
What are key features of this property?
This property features: 50% leased by College Park Family Care Center, part of HCA Midwest Health network; Approximately 6,417 SF of vacant space ideal for owner/user occupancy; Prime location on College Blvd near major highways
