Shawnee Office Building For
For Sale
Contact for pricing
16663 Midland Dr, Shawnee, KS
Office building with 6,772 square feet of space.
Property Size6,772 SF
Lot Size0.61 Acres
Price / SF$286.30
Days on Market540
Property Features for 16663 Midland Dr
General Information
Standard status
Active
Size
6,772 SF
Lot size
0.61 Acres
Property subtype
OFFICE
Listing Agency:
Marcus & Millichap | Kansas City
(816) 410-1036
Listed By:
Brad Deerr · License #(S):KS:00241363,MO:2018021348
Source:
Moodyscre
Added: Feb 12, 2025
Changed: Jul 6
Last Checked: Jul 21 at 4:09AM
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 Marcus & Millichap | Kansas City
Investment Insights
Based on property information with market context.
This office building, located in Shawnee, Kansas, offers 6,772 square feet of space. The property is suitable for office use.
Key Highlights
- 6,772 square feet of office space.
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 | $156.0k | $23.04 |
| − Vacancy | −$31.5k | −$4.65 |
| EGI | $124.5k | $18.39 |
| − OpEx | −$31.1k | −$4.60 |
| NOI | $93.4k | $13.79 |
6,772 SF · lease $23.04/SF/yr · vacancy 20.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.33M
$1.17M – $1.56M
NOI $93,382 @ 7.0% cap · market cap 4.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.64M
$1.43M – $1.91M
NOI $114,727 @ 7.0% cap · market cap 5.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
405
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Office building with 6,772 square feet of space.
Where is this office building located?
The property is located at 16663 Midland Dr Shawnee, KS.
What is the asking price?
The asking price for this property is $1,938,813.
What are key features of this property?
This property features: 6,772 square feet of office space.
