Overland Park Office Building For
7220 W 98th Ter Overland Park, KS
7220 W 98th Ter, Overland Park, KS, 00000
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For Sale
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Stand-alone renovated office building in Overland Park, Kansas.
Property Size15,541 SF
Lot Size2.00 Acres
Price / SF$190
Days on Market515
Property Features for 7220 W 98th Ter
General Information
- Standard status
- Active
- Size
- 15,541 SF
- Lot size
- 2.00 Acres
- Property subtype
- OFFICE
Listing Agency
JLL | Kansas City
(913) 469-4638
Listed by
Jim Gates · License #2001022708
Source
Moodyscre
Added: Feb 21, 2025 Updated: Jul 6 at 9:51 am Checked: Jul 19 at 5:11 am
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
Investment Insights
Based on property information with market context.
This stand-alone 15,541 square foot building is located in the Windmill Square Office Park in Overland Park, Kansas. The building, which underwent a total renovation in 2019, features a glass exterior façade and monument signage. It is equipped with a 130kW backup generator. Furniture is potentially available. The location provides convenient access to I-435 and I-35, with numerous amenities nearby.
Key Highlights
- Stand‑alone 15,541 square foot building with total renovation completed in 2019.
- Equipped with a 130kW backup generator.
- Convenient location near I‑435 & I‑35 with numerous amenities nearby.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $326.4k | $21.00 |
| − Vacancy | −$63.6k | −$4.10 |
| EGI | $262.7k | $16.90 |
| − OpEx | −$65.7k | −$4.23 |
| NOI | $197.0k | $12.68 |
15,541 SF · lease $21.00/SF/yr · vacancy 19.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.81M
$2.46M – $3.28M
NOI $197,040 @ 7.0% cap · market cap 6.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.00M
$3.50M – $4.67M
NOI $280,297 @ 7.0% cap · market cap 9.49%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
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FAQs
What type of property is this?
Office building - Stand-alone renovated office building in Overland Park, Kansas.
Where is this office building located?
The property is located at 7220 W 98th Ter Overland Park, KS.
What is the asking price?
The asking price for this property is $2,952,790.
What are key features of this property?
This property features: Stand‑alone 15,541 square foot building with total renovation completed in 2019.; Equipped with a 130kW backup generator.; Convenient location near I‑435 & I‑35 with numerous amenities nearby.
