Multi-Tenant Office
6720 W 121st Street, Overland Park, KS 66213
For Sale
Contact for pricing
An owner can use part of the property while other tenants continue generating rental income.
Property Size18,429 SF
Price / SF$217.05
Days on Market43
Property Features for 6720 W 121st Street
General Information
Standard status
Size
Net Rentable
Property subtype
Site & Location
Neighborhood
Additional Details
Tenant in Place
Property Use
Amenities
attractive lobby
Building Details
Year Built
Buildings
Building Size
Tenancy
Listing Agency:
Colliers - Kansas City, Missouri
Listed By:
Matt Stover · License MO #00055108
(913) 568-3067
Source:
Crexi
Added: Oct 2
Changed: Nov 9
Last Checked: Nov 12 at 4:25AM
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 Colliers - Kansas City, Missouri
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 18,429-square-foot office property was completed in 2001 and contains space occupied by multiple tenants. Its lobby and on-site parking serve the building, and an owner can occupy a portion while retaining other tenant spaces for rental income.
The property is in Corporate Lakes Business Park in Overland Park, Kansas. Restaurants, retail businesses, and hotels are located along the 119th Street corridor.
The property is in Corporate Lakes Business Park in Overland Park, Kansas. Restaurants, retail businesses, and hotels are located along the 119th Street corridor.
Key Highlights
- 18,429 rentable square feet
- Built in 2001
- Owner occupancy can be combined with rental income from other tenant spaces
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
Properties on Market for Office buildings in Overland Park
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - An owner can use part of the property while other tenants continue generating rental income.
Where is this office building located?
The property is located at 6720 W 121st Street 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; Built in 2001; Owner occupancy can be combined with rental income from other tenant spaces
