Overland Park Office Building For
For Sale
$1,975,000
15940 College Boulevard, Overland Park, KS 66210
Two-story office building with recent upgrades in Overland Park.
Property Size12,920 SF
Price / SF$152.86
Days on Market205
Property Features for 15940 College Boulevard
General Information
Standard status
Active
Size
12,920 SF
Property subtype
Office
Listed By:
Bob Fagan
(816) 968-5821
Source:
Cbre
Added: Mar 25
Changed: Oct 9
Last Checked: Oct 14 at 7:55PM
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 Bob Fagan
Investment Insights
Based on property information with market context.
This two-story office building offers 12,920 square feet of space. The property features an elevator for accessibility between floors. The HVAC system has been updated periodically since 2014. In 2016, the exterior was upgraded to EFIS. A new roof was installed in 2018, and the parking lot was installed in 2020.
Key Highlights
- New Price: $1,975,000
- 12,920± RSF**
- 2 story with elevator**
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$163,809
Cap Rate
8.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,276,180
$3.3M
Cap Rate 7%
$2,340,129
$2.3M
Cap Rate 9%
$1,820,100
$1.8M
Market Conditions
NOI Build-Up for 12,920 SF
Gross rent
$271.3K $21.00/SF
− Vacancy
−$52.9K −$4.10/SF
EGI
$218.4K $16.90/SF
− OpEx
−$54.6K −$4.23/SF
NOI
$163.8K $12.68/SF
Area
Overland Park, KS
Vacancy
19.50%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,276,180
Cap Rate 7%
$2,340,129
Cap Rate 9%
$1,820,100
Alternative Uses
Best Use
Office B
$2.34M
$2.05M – $2.73M
NOI $163,809 @ 7.0% cap · market cap 8.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.33M
$2.91M – $3.88M
NOI $233,025 @ 7.0% cap · market cap 11.80%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
542
Businesses Nearby
Explore this area
Business Placement
Demographics for 66210, KS
19,057
Population
9,700
Households
2
Avg Household Size
39
Median Age
62%
College-Educated
98%
High-School Grad
6.1 sq mi
ZIP Area
3,124
Density / Sq Mi
$93,368
Median Household Income
$54,948
Median Earnings
$1,407
Median Rent
$345,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Office building - Two-story office building with recent upgrades in Overland Park.
Where is this office building located?
The property is located at 15940 College Boulevard Overland Park, KS.
What is the asking price?
The asking price for this property is $1,975,000.
What are key features of this property?
This property features: New Price: $1,975,000; 12,920± RSF**; 2 story with elevator**
