Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Overland Park Office Building Title is generated by Realmo AI

    8029 Overland Park Dr, Overland Park, KS

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Office building for sale in Overland Park, Kansas.

    Type:OFFICE
    Property size:
    18,182 SF
    Lot size:
    0.52 Acres
    Price / SF:
    $100/SF
    Added:
    Feb 21, 2025
    Days on Market:
    470
    Last Refresh:
    May 20 at 8:17 pm

    Property Features for 8029 Overland Park Dr

    General Information

    Standard status
    Active
    Size
    18,182 SF
    Lot size
    0.52 Acres
    Property subtype
    OFFICE

    We can help!

    Listing Contact
    RJ Trowbridge
    RJ Trowbridge

    Listing agent RJ Trowbridge License #2014004973

    Listing office JLL | Kansas City

    Listing date Feb 21, 2025

    Source Moodyscre

    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 JLL | Kansas City

    HighLights

    • Office building for sale
    • Located in Overland Park, Kansas

    Overview

    This office building, located in Overland Park, Kansas, offers 18,182 square feet of space. It is suitable for office use.
    Property Profile Location Intelligence

    Current Use by Public Records

    Strang Parking Garage Parking Lot & Garage

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Overland Park
    County
    Johnson
    State
    Kansas
    Longitude
    -94.6707
    Latitude
    38.9829

    Nearby Similar for Sale

    • $1,200,000
      7,139 SF

      Strip Mall with 6-Bay Automotive Shop

      Vacant retail space offers immediate use, with income potential through lease renewals in a well-sized, multi-suite neighborhood center.
      15003-15009 Metcalf Ave, Overland Park, KS 66223
      View Details
    • $245,000
      1,194 SF

      Updated Duplex Townhouse with Fireplace

      Move-in-ready duplex townhouse features recent interior updates, a fireplace great room, and a private fenced backyard.
      8217 Switzer Street, Overland Park, KS 66204
      View Details
    • $300,000
      1,655 SF

      Maintenance-Provided Half Duplex Home

      Move-in-ready half duplex with updated interiors, private deck, fenced yard, finished lower level, and attached two-car garage.
      12015 Mackey Street, Overland Park, KS 66213
      View Details
    • $1,554,591

      Remodeled Office Building For Sale

      Remodeled office building with four suites, two leased, two available.
      10580 Barkley Street, Overland Park, KS 66212
      View Details
    • $350,000
      2,535 SF

      Stonehaven Duplex Near 119th Street

      Well-located duplex with finished basement and maintenance provided.
      9000 W 120th Terrace, Overland Park, KS 66213
      View Details
    • $359,000
      2,044 SF

      Overland Park Duplex Near JCCC

      Half duplex near JCCC with finished basement and updated garage.
      11318 King Street, Overland Park, KS 66210
      View Details
    • $210,000
      1,355 SF

      Overland Park Duplex with Potential

      Duplex in Overland Park, great investment opportunity.
      7775 England Street, Overland Park, KS 66214
      View Details
    • $150,000
      1,370 SF

      Overland Park Duplex Opportunity

      Half duplex in Gramercy Park with great potential.
      10151 W 96th Terrace, Overland Park, KS 66212
      View Details
    • $975,000
      7,700 SF

      Office Building with Flexible Layout

      Partially updated building offers private offices, open workspace, and room to split into two independent suites.
      10460 Mastin, Overland Park, KS 66212
      View Details
    • $5,000,000
      24,436 SF

      Overland Park Lab Facility

      24,436 SF lab facility on 2.04 acres.
      9221 Quivira Rd, Overland Park, KS 66215
      View Details
    • $315,000
      1,470 SF

      Updated Duplex in Overland Park

      Updated duplex in a sought-after Overland Park location.
      15129 Glenwood Avenue, Overland Park, KS 66223
      View Details
    • $2,320,000
      3,821 SF

      Overland Park Retail Space Available

      Retail property in high-traffic Overland Park development for sale.
      7791 W 159 St, Overland Park, KS
      View Details

    FAQs

    What type of property is this?
    Office building - Office building for sale in Overland Park, Kansas.
    Where is this office building located?
    The property is located at 8029 Overland Park Dr Overland Park, KS.
    What is the asking price?
    The asking price for this property is $1,818,300.
    What are key features of this property?
    This property features: Office building for sale; Located in Overland Park, Kansas
    (913) 469-4600 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing RJ Trowbridge
    RJ Trowbridge
    Real Estate License ID: 2014004973
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    8029 Overland Park Dr, Overland Park, KS
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!