Office Building with Paved
For Sale
$1,295,000
13010 Shawnee Mission Parkway, Shawnee, KS 66216
CH-zoned office property with an on-site paved parking lot.
Property Size6,000 SF
Days on Market47
Property Features for 13010 Shawnee Mission Parkway
General Information
Standard status
Active
Size
6,000 SF
Zoning
CH
Taxes and HOA fees
Annual Taxes
$18,580
Amenities
Parking Lot, Paved
Building Details
Building Size
6,000 SF
Year Built
1973
Stories
1
Listing Agency:
(785) 813-2637
Listed By:
Shannon Mesker
(785) 813-2637
Source:
Evrealestate
Added: Jul 17
Changed: Aug 31
Last Checked: Sep 1 at 5:41PM
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 Shannon Mesker
Investment Insights
Based on property information with market context.
This office building at 13010 Shawnee Mission Parkway was constructed in 1973 and includes a paved parking lot for on-site vehicle parking. The property carries CH zoning.
Access is available from Shawnee Mission Parkway via Richards Dr. The address is in Shawnee, Kansas, within Johnson County.
Access is available from Shawnee Mission Parkway via Richards Dr. The address is in Shawnee, Kansas, within Johnson County.
Key Highlights
- Office building constructed in 1973
- CH zoning
- Paved on‑site parking lot
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
$82,737
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
6.39%
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%
$1,654,740
$1.7M
Cap Rate 7%
$1,181,957
$1.2M
Cap Rate 9%
$919,300
$919.3K
Market Conditions
NOI Build-Up for 6,000 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
$138.2K $23.04/SF
− Vacancy
−$27.9K −$4.65/SF
EGI
$110.3K $18.39/SF
− OpEx
−$27.6K −$4.60/SF
NOI
$82.7K $13.79/SF
Area
Johnson County, KS
Vacancy
20.20%
Lease Rate
$23.04 /SF/Yr
Expense Ratio
25.00%
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%
$1,654,740
Cap Rate 7%
$1,181,957
Cap Rate 9%
$919,300
Alternative Uses
Best Use
Office B
$1.18M
$1.03M – $1.38M
NOI $82,737 @ 7.0% cap · market cap 6.39%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.45M
$1.27M – $1.69M
NOI $101,648 @ 7.0% cap · market cap 7.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
483
Businesses Nearby
Explore this area
Business Placement
Demographics for 66216, KS
25,169
Population
9,925
Households
2.5
Avg Household Size
41
Median Age
54%
College-Educated
96%
High-School Grad
7.9 sq mi
ZIP Area
3,186
Density / Sq Mi
$109,714
Median Household Income
$54,483
Median Earnings
$1,298
Median Rent
$324,900
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - CH-zoned office property with an on-site paved parking lot.
Where is this office building located?
The property is located at 13010 Shawnee Mission Parkway Shawnee, KS.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: Office building constructed in 1973; CH zoning; Paved on‑site parking lot
