Office Building with
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7410 Switzer Road, Shawnee, KS 66203
Office property positioned near established retail, medical, and professional services with regional highway access.
Property Size8,158 SF
Price / SF$141.70
Days on Market5
Property Features for 7410 Switzer Road
General Information
Standard status
Active
Size
8,158 SF
Class
B
Total Parking Spaces
46
Property subtype
Office
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Buildings
1
Building Size
8,158 SF
Listing Agency:
Clemons Real Estate
(816) 621-2130
Listed By:
Cole Stewart · License #2024042020
Source:
Crexi
Added: Aug 8
Changed: Aug 12
Last Checked: Aug 12 at 4:23AM
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 Clemons Real Estate
Investment Insights
Based on property information with market context.
This 8,158-square-foot office building provides a dedicated commercial setting with 46 surface parking spaces for employees, visitors, and occupants. The property is located on Switzer Road in Shawnee, Kansas, just south of Shawnee Mission Parkway.
Regional access is available through I-35 at the 75th Street exit, connecting the site with the broader Kansas City metropolitan area. The surrounding corridor includes established retail, medical, and office users, along with dining, banking, and personal services within walking distance. The property is situated in Johnson County within a developed commercial area serving Shawnee’s established residential base.
Regional access is available through I-35 at the 75th Street exit, connecting the site with the broader Kansas City metropolitan area. The surrounding corridor includes established retail, medical, and office users, along with dining, banking, and personal services within walking distance. The property is situated in Johnson County within a developed commercial area serving Shawnee’s established residential base.
Key Highlights
- 8,158 SF office building
- 46 surface parking spaces
- Located on Switzer Road just south of Shawnee Mission Parkway
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$105,559
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.13%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,111,180
$2.1M
Cap Rate 7%
$1,507,986
$1.5M
Cap Rate 9%
$1,172,878
$1.2M
Market Conditions
NOI Build-Up for 8,158 SF
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.
Gross rent
$188.0K $23.04/SF
− Vacancy
−$12.0K −$1.47/SF
EGI
$175.9K $21.57/SF
− OpEx
−$70.4K −$8.63/SF
NOI
$105.6K $12.94/SF
Area
Johnson County, KS
Vacancy
6.40%
Lease Rate
$23.04 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,111,180
Cap Rate 7%
$1,507,986
Cap Rate 9%
$1,172,878
Alternative Uses
Best Use
Office B
$1.61M
$1.41M – $1.87M
NOI $112,494 @ 7.0% cap · market cap 9.73%
Second Best
Healthcare Medical
$1.51M
$1.32M – $1.76M
NOI $105,559 @ 7.0% cap · market cap 9.13%
Theoretical Best
Office A
$1.97M
$1.73M – $2.30M
NOI $138,207 @ 7.0% cap · market cap 11.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
773
Businesses Nearby
Explore this area
Business Placement
Demographics for 66203, KS
19,439
Population
8,419
Households
2.3
Avg Household Size
39
Median Age
34%
College-Educated
94%
High-School Grad
6.3 sq mi
ZIP Area
3,086
Density / Sq Mi
$76,590
Median Household Income
$45,615
Median Earnings
$1,183
Median Rent
$235,900
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 - Office property positioned near established retail, medical, and professional services with regional highway access.
Where is this office building located?
The property is located at 7410 Switzer Road Shawnee, KS.
What is the asking price?
The asking price for this property is $1,156,000.
What are key features of this property?
This property features: 8,158 SF office building; 46 surface parking spaces; Located on Switzer Road just south of Shawnee Mission Parkway
