Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    12120 W 135th Street Overland Park, KS 66221

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Land available for sale.

    Type:Land
    Added:
    Dec 27, 2016
    Days on Market:
    3405
    Last Refresh:
    Mar 17 at 1:13 pm

    Property Features for 12120 W 135th Street

    General Information

    Standard status
    Active
    Property subtype
    Land

    We can help!

    Listing Contact
    David Block

    Listing agent David Block License #KS BR00015006

    Listing office Block & Company Inc

    Listing date Dec 27, 2016

    Source Crexi

    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 Block & Company Inc

    Overview

    Land For Sale

    Land is available for sale at 12120 W. 135th Street, Overland Park, KS 66221.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Overland Park
    County
    Johnson
    State
    Kansas
    Longitude
    -94.726533
    Latitude
    38.885685

    Nearby Similar for Sale

    • $800,000

      Versatile Commercial Building in Overland

      Adaptable commercial building suitable for various business uses.
      10484 Marty Street, Overland Park, KS 66212
      View Details
    • $550,000

      Overland Park Development Opportunity

      Nearly half-acre property in Overland Park's Downtown Form District.
      6901 W 82nd Street, Overland Park, KS 66204
      View Details
    • $650,000

      Overland Park Flex-Space Ownership Opportunity

      Rare opportunity to own commercial real estate in Overland Park.
      12647 Hemlock Street, Overland Park, KS 66213
      View Details
    • $600,000

      Overland Park Flex-Space Opportunity

      Commercial flex-space for sale in thriving Overland Park market.
      12651 Hemlock Street, Overland Park, KS 66213
      View Details
    • $895,000

      Overland Park Land Opportunity

      Prime land with renovation, building, and development potential.
      15590 Antioch Road, Overland Park, KS 66221
      View Details
    • $595,000

      Overland Park Homesite Opportunity

      Two-acre homesite in a desirable Overland Park location.
      10985 W 175th Lot 2 Street, Overland Park, KS 66221
      View Details
    • $565,000

      Premier Overland Park Homesite

      2.17 acres in Blue Valley School District.
      10985 W 175th Lot 1 Street, , KS 66221
      View Details
    • $1,000,000

      Overland Park Development Opportunity

      Nearly one acre development opportunity in Overland Park's Downtown.
      8231 Travis Street, Overland Park, KS 66204
      View Details
    • $499,000

      Overland Park Triplex Opportunity

      Triplex near Downtown Overland Park with diverse unit configurations.
      8414 Travis Lane, Overland Park, KS 66212
      View Details
    • $415,000
      2,327 SF

      Overland Park Duplex with Updates

      Well-maintained duplex with modern updates and low-maintenance living.
      7013 W 157th Terrace, Overland Park, KS 66223
      View Details
    • $310,000
      1,452 SF

      Overland Park Duplex with Green Space

      Spacious duplex in Overland Park, backs to open green space.
      9002 W 120th Terrace, Overland Park, KS 66213
      View Details
    • $1,160,000

      Overland Park Homesite Opportunity

      4.17 acres in a desirable Johnson County location.
      10985 W 175th Street, Overland Park, KS 66221
      View Details

    FAQs

    What type of property is this?
    Land - Land available for sale.
    Where is this land located?
    The property is located at 12120 W 135th Street Overland Park, KS.
    What are key features of this property?
    This property features: No property information was provided to analyze.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    David Block
    Real Estate License ID: KS BR00015006
    Learn More
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!