Updated Stucco
New
For Sale
$510,000
12940 Travis Street, Overland Park, KS 66209
Residential, Traditional, Overland Park, KS
Property Size2,575 SF
Lot Size0.05 Acres
Price / SF$198.06
Days on Market1
Property Features for 12940 Travis Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
3
Full bathrooms
3
Rooms
Basement, Laundry Room, Bedroom 2, Bathroom 2, Bedroom 1, Bathroom 3, Bedroom 3, Bathroom 1
Parking features
Garage, Open
Security features
Security System
Window features
Window Coverings
Interior features
Ceiling Fan(s), Pantry, Stained Cabinets, Walk-In Closet(s)
Fireplace
1
Basement
Full, Daylight, Finished, Sump Pump
Appliances
Dishwasher, Disposal, Microwave, Refrigerator, Electric Range
Subdivision
Deer Creek Reserve
Lot features
City Lot, Cul-De-Sac, Sprinkler- In Ground
Elementary school
Valley Park
Middle school
Overland Trail
High school
Blue Valley North
Elementary school district
Blue Valley
Middle school district
Blue Valley
High school district
Blue Valley
Directions
Metcalf to 129th Ter, east side of Metcalf, first left inside the gate to Travis St. Driveway is on the north side.
Standard status
Active
APN
NP15850000-0U28
Size
2,575 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Description
DEER CREEK RESERVE 5TH PLAT UNIT 28 OPC 520A 1 28
Tax Annual Amount
4892
HOA Fee
$260 Monthly
Legal Description
DEER CREEK RESERVE 5TH PLAT UNIT 28 OPC 520A 1 28
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Electric
Water source
Public
Amenities
gated community
visitor parking
storage space
walk-in closets
Building Details
Year built
2002
Flooring type
Carpet, Wood, Tile
Building materials
Stucco & Frame
Roof type
Composition
Architectural style
Other
Listing Agency:
Keller Williams Legacy Partner · Keller Williams Realty
(913) 825-2100
Listed By:
Kris Johnson
(816) 392-9365
Added: Aug 22
Last Checked: Aug 22 at 3:06PM
MLS# 2638140
Copyright © 2026 Heartland Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,575-square-foot duplex was built in 2002 with stucco and frame construction and a reverse 1-1/2-story layout. The property includes three bedrooms, three bathrooms, a finished basement, laundry room, pantry, stained cabinetry, and walk-in closets. Recent improvements include new main-level carpet, fresh neutral interior paint, new tile in the primary bathroom, and a composition roof installed within the past few months. The home also features a fireplace, natural-gas forced-air heat, electric cooling, public water and sewer, and garage and open parking.
Set within a gated, maintenance-provided community, the property is positioned in a cul-de-sac with visitor parking beside the driveway. Shopping, restaurants, doctors, a hospital, and major streets are described as easily accessible. The 0.0458-acre parcel includes trimmed and refreshed landscaping, gutters with guards, and additional storage throughout the residence.
Set within a gated, maintenance-provided community, the property is positioned in a cul-de-sac with visitor parking beside the driveway. Shopping, restaurants, doctors, a hospital, and major streets are described as easily accessible. The 0.0458-acre parcel includes trimmed and refreshed landscaping, gutters with guards, and additional storage throughout the residence.
Key Highlights
- 2,575 square feet with a reverse 1‑1/2‑story layout
- Three bedrooms and three bathrooms with a finished basement
- New 50 year roof installed a couple months ago
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
$29,428
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
5.77%
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%
$588,560
$588.6K
Cap Rate 7%
$420,400
$420.4K
Cap Rate 9%
$326,978
$327.0K
Market Conditions
NOI Build-Up for 2,575 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
$44.8K $17.40/SF
− Vacancy
−$2.8K −$1.07/SF
EGI
$42.0K $16.33/SF
− OpEx
−$12.6K −$4.90/SF
NOI
$29.4K $11.43/SF
Area
Overland Park, KS
Vacancy
6.17%
Lease Rate
$17.40 /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%
$588,560
Cap Rate 7%
$420,400
Cap Rate 9%
$326,978
Alternative Uses
Best Use
Multifamily LT 5
$420.4K
$367.9K – $490.5K
NOI $29,428 @ 7.0% cap · market cap 5.77%
Second Best
Apartment 5plus
$385.9K
$337.7K – $450.2K
NOI $27,014 @ 7.0% cap · market cap 5.30%
Theoretical Best
Office A
$663.5K
$580.5K – $774.1K
NOI $46,443 @ 7.0% cap · market cap 9.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
894
Businesses Nearby
Explore this area
Business Placement
Demographics for 66209, KS
20,056
Population
8,683
Households
2.3
Avg Household Size
48
Median Age
75%
College-Educated
98%
High-School Grad
6.5 sq mi
ZIP Area
3,086
Density / Sq Mi
$148,081
Median Household Income
$76,040
Median Earnings
$1,465
Median Rent
$554,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Gated community residence with refreshed interiors, finished lower-level space, and attached garage parking.
Where is this duplex located?
The property is located at 12940 Travis Street Overland Park, KS.
What is the asking price?
The asking price for this property is $510,000.
What are key features of this property?
This property features: 2,575 square feet with a reverse 1‑1/2‑story layout; Three bedrooms and three bathrooms with a finished basement; New 50 year roof installed a couple months ago
