Multi-Tenant Office
New
For Sale
$4,000,000
6720 W 121st St, Overland Park, KS 66213
An owner can occupy a substantial share of the building while retaining rent-producing space for other tenants.
Property Size18,429 SF
Price / SF$217.05
Days on Market4
Property Features for 6720 W 121st St
General Information
Standard status
Active
Size
18,429 SF
Net Rentable
18,429 SF
Property subtype
Office
Building Details
Year Built
2001
Buildings
1
Building Size
18,429 SF
Tenancy
Multi
Listing Agency:
Kansas City
Listed By:
Matt Stover · License #00055108
(816) 556-1116
Source:
Colliers
Added: Oct 12
Changed: Oct 13
Last Checked: Oct 14 at 7:35PM
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 Kansas City
Investment Insights
Based on property information with market context.
This 18,429-square-foot office property contains multiple tenant spaces and was constructed in 2001. Its configuration allows a purchaser to occupy a significant portion while continuing to collect rental income from the remaining tenancy.
The building is located in Corporate Lakes Business Park in Overland Park, Kansas.
The building is located in Corporate Lakes Business Park in Overland Park, Kansas.
Key Highlights
- 18,429 rentable square feet
- Multi‑tenant office building
- Constructed in 2001
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$233,657
Cap Rate
5.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,673,140
$4.7M
Cap Rate 7%
$3,337,957
$3.3M
Cap Rate 9%
$2,596,189
$2.6M
Market Conditions
NOI Build-Up for 18,429 SF
Gross rent
$387.0K $21.00/SF
− Vacancy
−$75.5K −$4.10/SF
EGI
$311.5K $16.90/SF
− OpEx
−$77.9K −$4.23/SF
NOI
$233.7K $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%
$4,673,140
Cap Rate 7%
$3,337,957
Cap Rate 9%
$2,596,189
Alternative Uses
Best Use
Office B
$3.34M
$2.92M – $3.89M
NOI $233,657 @ 7.0% cap · market cap 5.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.75M
$4.15M – $5.54M
NOI $332,385 @ 7.0% cap · market cap 8.31%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,648
Businesses Nearby
Explore this area
Business Placement
Demographics for 66213, KS
30,987
Population
13,678
Households
2.3
Avg Household Size
39
Median Age
69%
College-Educated
98%
High-School Grad
7.8 sq mi
ZIP Area
3,973
Density / Sq Mi
$114,926
Median Household Income
$61,513
Median Earnings
$1,554
Median Rent
$445,100
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - An owner can occupy a substantial share of the building while retaining rent-producing space for other tenants.
Where is this office building located?
The property is located at 6720 W 121st St Overland Park, KS.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: 18,429 rentable square feet; Multi‑tenant office building; Constructed in 2001
