Medical Office Space with Cath
5320 College Blvd, Overland Park, KS 66211
For Sale
New
$2,800,000
The property is fully leased under a five-year NNN arrangement with annual rent increases.
Property Size6,330 SF
Days on Market2
Property Features for 5320 College Blvd
General Information
Standard status
Size
Class
Property subtype
Occupancy
Site & Location
Neighborhood
Highway Access
Road Access
Additional Details
Cap Rate
Tenant in Place
Property Use
Building Details
Building Size
Year Built
Tenancy
Listing Agency:
COBE Real Estate
Listed By:
Steve Beck · License KS #714756000
(480) 251-1505
Source:
Coberealestate
Added: Nov 8
Changed: Nov 9
Last Checked: Nov 8 at 6:08PM
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 COBE Real Estate
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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.
This medical office property includes a catheterization laboratory and is fully leased under a five-year NNN lease. The lease provides for 3% annual increases, with an 8.18% cap rate. The building dates to 1984.
The property is in Overland Park, approximately two minutes south of I-435, with access from College Boulevard and 110th Street. It is within one mile of the Overland Park Convention Center and near Children’s Mercy Hospital–Kansas. The College Boulevard and Nall Avenue intersection carries approximately 64,000 vehicles per day.
The property is in Overland Park, approximately two minutes south of I-435, with access from College Boulevard and 110th Street. It is within one mile of the Overland Park Convention Center and near Children’s Mercy Hospital–Kansas. The College Boulevard and Nall Avenue intersection carries approximately 64,000 vehicles per day.
Key Highlights
- Fully leased medical office space with a cath lab
- Five‑year NNN lease with 3% annual increases
- 8.18% cap rate
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$80,256
Cap Rate
2.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,605,120
$1.6M
Cap Rate 7%
$1,146,514
$1.1M
Cap Rate 9%
$891,733
$891.7K
Market Conditions
NOI Build-Up for 6,330 SF
Gross rent
$132.9K $21.00/SF
− Vacancy
−$25.9K −$4.10/SF
EGI
$107.0K $16.90/SF
− OpEx
−$26.8K −$4.23/SF
NOI
$80.3K $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%
$1,605,120
Cap Rate 7%
$1,146,514
Cap Rate 9%
$891,733
Alternative Uses
Best Use
Office B
$1.15M
$1.00M – $1.34M
NOI $80,256 @ 7.0% cap · market cap 2.87%
Second Best
Healthcare Medical
$1.03M
$902.4K – $1.20M
NOI $72,192 @ 7.0% cap · market cap 2.58%
Theoretical Best
Office A
$1.63M
$1.43M – $1.90M
NOI $114,168 @ 7.0% cap · market cap 4.08%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,309
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 66211, KS
4,917
Population
2,963
Households
1.7
Avg Household Size
50
Median Age
77%
College-Educated
99%
High-School Grad
4.3 sq mi
ZIP Area
1,143
Density / Sq Mi
$110,662
Median Household Income
$72,417
Median Earnings
$1,494
Median Rent
$589,400
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - The property is fully leased under a five-year NNN arrangement with annual rent increases.
Where is this medical office space located?
The property is located at 5320 College Blvd Overland Park, KS.
What is the asking price?
The asking price for this property is $2,800,000.
What are key features of this property?
This property features: Fully leased medical office space with a cath lab; Five‑year NNN lease with 3% annual increases; 8.18% cap rate
