Fully Leased Office
12710 S Pflumm Rd, Olathe, KS 66062
For Sale
$3,300,000
An occupied, multi-tenant asset offers established tenancy and long-term leases.
Property Size21,787 SF
Lot Size1.03 Acres
Price / SF$151.47
Days on Market337
Property Features for 12710 S Pflumm Rd
General Information
Standard status
Size
Lot size
Property subtype
Occupancy
Net Operating Income
Additional Details
Condition
Cap Rate
Highway Access
Tenant in Place
Property Use
Building Details
Year Built
Buildings
Building Size
Listing Agency:
Weichert Realtors - Generations
Listed By:
Holly Jones · License KS #2014003086
(816) 694-4023
Source:
Katy.kchomesearcher
Added: Dec 8, 2025
Changed: Nov 8
Last Checked: Nov 8 at 6:47AM
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 Weichert Realtors - Generations
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Investment Insights
Based on property information with market context.
This 21,787-square-foot office building sits on 1.03 acres and was constructed in 2001. The property is fully occupied by established tenants under long-term leases, with more than 66 parking spaces. A new roof is planned before closing with an acceptable offer, or a closing credit may be provided instead.
Located at 12710 S Pflumm Rd in Olathe, the building is positioned along an office corridor with access to major highways and nearby retail amenities.
Located at 12710 S Pflumm Rd in Olathe, the building is positioned along an office corridor with access to major highways and nearby retail amenities.
Key Highlights
- 21,787‑square‑foot office building on 1.03 acres
- Fully occupied with established tenants and long‑term leases
- 66+ parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$300,007
Cap Rate
9.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,000,140
$6.0M
Cap Rate 7%
$4,285,814
$4.3M
Cap Rate 9%
$3,333,411
$3.3M
Market Conditions
NOI Build-Up for 21,787 SF
Gross rent
$470.6K $21.60/SF
− Vacancy
−$70.6K −$3.24/SF
EGI
$400.0K $18.36/SF
− OpEx
−$100.0K −$4.59/SF
NOI
$300.0K $13.77/SF
Area
Olathe, KS
Vacancy
15.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,000,140
Cap Rate 7%
$4,285,814
Cap Rate 9%
$3,333,411
Alternative Uses
Best Use
Office B
$4.29M
$3.75M – $5.00M
NOI $300,007 @ 7.0% cap · market cap 9.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.44M
$5.63M – $7.51M
NOI $450,729 @ 7.0% cap · market cap 13.66%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
158
Businesses Nearby
Explore this area
Business Placement
Demographics for 66062, KS
77,553
Population
29,350
Households
2.6
Avg Household Size
36
Median Age
53%
College-Educated
96%
High-School Grad
42.1 sq mi
ZIP Area
1,842
Density / Sq Mi
$116,248
Median Household Income
$55,718
Median Earnings
$1,349
Median Rent
$342,700
Median Home Value
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Market
Properties on Market for Office buildings in Johnson County
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - An occupied, multi-tenant asset offers established tenancy and long-term leases.
Where is this office building located?
The property is located at 12710 S Pflumm Rd Olathe, KS.
What is the asking price?
The asking price for this property is $3,300,000.
What are key features of this property?
This property features: 21,787‑square‑foot office building on 1.03 acres; Fully occupied with established tenants and long‑term leases; 66+ parking spaces
