Overland Park Office Building For
15940 College Boulevard Overland Park, KS 66210
15940 College Boulevard, Overland Park, KS, 66210
$1,975,000
For Sale
$1,975,000
Two-story office building with recent upgrades in Overland Park.
Property Size12,920 SF
Price / SF$152.86
Days on Market114
Property Features for 15940 College Boulevard
General Information
- Standard status
- Active
- Size
- 12,920 SF
- Property subtype
- Office
Listing Agency
CBRE | Kansas City
(816) 968-5821
Listed by
Bob Fagan
(816) 968-5821
Source
Cbre
Added: Mar 25 Checked: Jul 16 at 2:51 am
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 CBRE | Kansas City
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
Local Financial Insights For Office B
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 | $271.3k | $21.00 |
| − Vacancy | −$52.9k | −$4.10 |
| EGI | $218.4k | $16.90 |
| − OpEx | −$54.6k | −$4.23 |
| NOI | $163.8k | $12.68 |
12,920 SF · lease $21.00/SF/yr · vacancy 19.50% · expense 25.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
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FAQs
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**
