Strip Mall with 6-Bay Automotive
15003-15009 Metcalf Ave, Overland Park, KS 66223
New
Vacant retail space offers immediate use, with income potential through lease renewals in a well-sized, multi-suite neighborhood center.
Type:Retail
Property size:
7,139 SFLot size:
1.08 AcresPrice / SF:
$168/SF- Added:
- Jun 2, 2026
- Days on Market:
- 2
- Last Refresh:
- Jun 3 at 2:50 am
Property Features for 15003-15009 Metcalf Ave
General Information
- Standard status
- Active
- Size
- 7,139 SF
- Lot size
- 1.08 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 1999
Listing agent Audrey Navarro License #2003023010 (913) 271-6929
Listing office Clemons Real Estate (913) 271-6929
Listing date Jun 2, 2026
Source Clemonsrealestate
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 Clemons Real Estate
HighLights
- 1999‑built retail/automotive center with 7,139 SF on 1.08 acres and 3 retail suites
- Immediate use: 4,139 SF of currently vacant space available
- 6‑bay automotive shop included in the building
- 49 parking spaces (parking ratio 7.37 per 1,000 SF)
- Zoning: CP‑3; easy access to Highway 69 and 151st
- Taxes: 2021 total $25,642.18
Overview
This small strip center is built for flexible occupancy, with a total of three retail suites plus a 6-bay automotive shop. Approximately 4,139 SF is currently vacant, creating an immediate-use opportunity for an owner-operator or a straightforward pathway to stabilize through lease renewals. The property was built in 1999 and includes 49 parking spaces to support both customer traffic and day-to-day operations.
Located at 151st and Metcalf Ave in South Johnson County, the center benefits from visibility and convenience, with easy access to Highway 69 and nearby retail activity. CVS is located on the corner of 151st and Metcalf Ave, and the surrounding area is described as rapidly growing, including 3,458+ new multi-family units. The property is also noted as being minutes from the College Boulevard corridor, supporting consistent demand for neighborhood services.
With its mixed retail and automotive configuration, the asset can fit a range of tenant or owner-user strategies, from local retail users to service-oriented operators seeking dependable access and parking. Zoning is listed as CP-3, and the overall center layout and parking supply are designed to accommodate multiple occupants within a compact footprint.
Located at 151st and Metcalf Ave in South Johnson County, the center benefits from visibility and convenience, with easy access to Highway 69 and nearby retail activity. CVS is located on the corner of 151st and Metcalf Ave, and the surrounding area is described as rapidly growing, including 3,458+ new multi-family units. The property is also noted as being minutes from the College Boulevard corridor, supporting consistent demand for neighborhood services.
With its mixed retail and automotive configuration, the asset can fit a range of tenant or owner-user strategies, from local retail users to service-oriented operators seeking dependable access and parking. Zoning is listed as CP-3, and the overall center layout and parking supply are designed to accommodate multiple occupants within a compact footprint.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $128.5k | $18.00 |
| − Vacancy | −$9.6k | −$1.35 |
| EGI | $118.9k | $16.65 |
| − OpEx | −$35.7k | −$5.00 |
| NOI | $83.2k | $11.66 |
7,139 SF · lease $18.00/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.19M
$1.04M – $1.39M
NOI $83,205 @ 7.0% cap · market cap 6.93%
Second Best
Industrial
$613.6K
$536.9K – $715.9K
NOI $42,952 @ 7.0% cap · market cap 3.58%
Theoretical Best
Office A
$1.84M
$1.61M – $2.15M
NOI $128,759 @ 7.0% cap · market cap 10.73%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Strip malls
Location Insight
- Map
- Local Demand
- City
- Overland Park
- County
- Johnson
- State
- Kansas
- Longitude
- -94.667158
- Latitude
- 38.855573
Nearby Similar for Sale
FAQs
What type of property is this?
Strip mall - Vacant retail space offers immediate use, with income potential through lease renewals in a well-sized, multi-suite neighborhood center.
Where is this strip mall located?
The property is located at 15003-15009 Metcalf Ave Overland Park, KS.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 1999‑built retail/automotive center with 7,139 SF on 1.08 acres and 3 retail suites; Immediate use: 4,139 SF of currently vacant space available; 6‑bay automotive shop included in the building
