Multi-Tenant Medical Office
4601 W 109TH ST, Overland Park, KS 66210
For Sale
New
Contact for pricing
The three-story property is 87.1% leased, with occupants representing a range of medical and dental specialties.
Property Size52,160 SF
Price / SF$153.37
Days on Market6
Property Features for 4601 W 109TH ST
General Information
Standard status
Size
Property subtype
Occupancy
Net Operating Income
Site & Location
Neighborhood
Highway Access
Additional Details
Tenant in Place
Property Use
Medical Specialty
Building Details
Buildings
Stories
Building Size
Tenancy
Listing Agency:
Berkadia Commercial Mortgage Chicago
Listed By:
Madison Strasmann · License KS #02192574
Source:
Crexi
Added: Nov 4
Changed: Nov 8
Last Checked: Nov 8 at 6:13PM
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 Berkadia Commercial Mortgage Chicago
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Foxhill Medical Building is a 52,160-square-foot, three-story medical office property in Overland Park, Kansas. Current occupancy is 87.1%, and the weighted average lease term is 4.0 years. Tenants provide services in men’s care, allergy and immunology, infectious disease, dermatology, aesthetics, oral surgery, and dentistry. Their weighted average tenure is 11.5 years.
At 4601 W 109th Street, the property is near Roe Avenue and Interstate 435. Nearby healthcare facilities include Children’s Mercy Hospital Kansas, The University of Kansas Hospital – Indian Creek campus, and MidAmerica Rehabilitation Hospital, along with other hospital and outpatient-care locations.
At 4601 W 109th Street, the property is near Roe Avenue and Interstate 435. Nearby healthcare facilities include Children’s Mercy Hospital Kansas, The University of Kansas Hospital – Indian Creek campus, and MidAmerica Rehabilitation Hospital, along with other hospital and outpatient-care locations.
Key Highlights
- 52,160‑square‑foot medical office property with three stories
- 87.1% leased; weighted average lease term of 4.0 years
- Tenant roster covers medical specialties, aesthetics, oral surgery, and dental services
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$661,324
Cap Rate
8.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$13,226,480
$13.2M
Cap Rate 7%
$9,447,486
$9.4M
Cap Rate 9%
$7,348,044
$7.3M
Market Conditions
NOI Build-Up for 52,160 SF
Gross rent
$1.10M $21.00/SF
− Vacancy
−$213.6K −$4.10/SF
EGI
$881.8K $16.90/SF
− OpEx
−$220.4K −$4.23/SF
NOI
$661.3K $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%
$13,226,480
Cap Rate 7%
$9,447,486
Cap Rate 9%
$7,348,044
Alternative Uses
Best Use
Office B
$9.45M
$8.27M – $11.02M
NOI $661,324 @ 7.0% cap · market cap 8.27%
Second Best
Healthcare Medical
$8.50M
$7.44M – $9.91M
NOI $594,874 @ 7.0% cap · market cap 7.44%
Theoretical Best
Office A
$13.44M
$11.76M – $15.68M
NOI $940,758 @ 7.0% cap · market cap 11.76%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
87.1%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,304
Businesses Nearby
Under-served
Demand for This Use
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
Market
Vacancy Rate% for Office in Midwest region
Similar Off Market Nearby
- Companion Care Veterinary Clinic — 11118 Antioch Rd, Overland Park, KS 66210
Frequently Asked Questions
What type of property is this?
Medical Office Space - The three-story property is 87.1% leased, with occupants representing a range of medical and dental specialties.
Where is this medical office space located?
The property is located at 4601 W 109TH ST Overland Park, KS.
What is the asking price?
The asking price for this property is $8,000,000.
What are key features of this property?
This property features: 52,160‑square‑foot medical office property with three stories; 87.1% leased; weighted average lease term of 4.0 years; Tenant roster covers medical specialties, aesthetics, oral surgery, and dental services
