Corner Storefront
For Sale
Contact for pricing
12730 South Pflumm Road, Olathe, KS 66062
Corner-positioned commercial space within a fully occupied shopping center serving a dense residential trade area.
Property Size5,045 SF
Price / SF$274.53
Days on Market41
Property Features for 12730 South Pflumm Road
General Information
Standard status
Active
Size
5,045 SF
Class
A
Property subtype
Retail, Special Purpose
Investment Type
Owner/User
Building Details
Year Built
2000
Year Renovated
2023
Buildings
1
Stories
2
Listing Agency:
Peak Real Estate Partners
Listed By:
Mike Yeggy · License #KS 00233604
Source:
Crexi
Added: Jul 21
Changed: Aug 29
Last Checked: Aug 29 at 1:45PM
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 Peak Real Estate Partners
Investment Insights
Based on property information with market context.
This 5,045-square-foot commercial building was constructed in 2000 and occupies a corner position within Bradford Falls Shopping Center. The property is located at 12730 South Pflumm Road in Olathe, Kansas, at the southwest corner of 127th Street and Pflumm Road.
Bradford Falls Shopping Center has a mix of medical, retail, and office occupants and is fully occupied. The surrounding residential trade area includes 95,155 people within a three-mile radius, providing a substantial nearby population base for the center and its occupants.
Bradford Falls Shopping Center has a mix of medical, retail, and office occupants and is fully occupied. The surrounding residential trade area includes 95,155 people within a three-mile radius, providing a substantial nearby population base for the center and its occupants.
Key Highlights
- 5,045‑square‑foot commercial building
- Built in 2000
- Southwest corner of 127th Street and Pflumm Road
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$48,819
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.52%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$976,380
$976.4K
Cap Rate 7%
$697,414
$697.4K
Cap Rate 9%
$542,433
$542.4K
Market Conditions
NOI Build-Up for 5,045 SF
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.
Gross rent
$72.6K $14.40/SF
− Vacancy
−$2.9K −$0.58/SF
EGI
$69.7K $13.82/SF
− OpEx
−$20.9K −$4.15/SF
NOI
$48.8K $9.68/SF
Area
Olathe, KS
Vacancy
4.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$976,380
Cap Rate 7%
$697,414
Cap Rate 9%
$542,433
Alternative Uses
Best Use
Retail
$697.4K
$610.2K – $813.7K
NOI $48,819 @ 7.0% cap · market cap 3.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.49M
$1.30M – $1.74M
NOI $104,371 @ 7.0% cap · market cap 7.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
158
Businesses Nearby
8k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 100%
Scooter's Coffee
Dining
4,162 visits/mo
0.2 miles
Pizza Shoppe
Dining
3,411 visits/mo
0.0 miles
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
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Corner-positioned commercial space within a fully occupied shopping center serving a dense residential trade area.
Where is this storefront property located?
The property is located at 12730 South Pflumm Road Olathe, KS.
What is the asking price?
The asking price for this property is $1,385,000.
What are key features of this property?
This property features: 5,045‑square‑foot commercial building; Built in 2000; Southwest corner of 127th Street and Pflumm Road
