Medical Office Space with Treatment
New
For Sale
Contact for pricing
7410 Switzer St, Shawnee, KS 66203
A wellness-oriented interior combines private offices with a large multipurpose area and outdoor seating.
Property Size8,158 SF
Price / SF$141.70
Days on Market4
Property Features for 7410 Switzer St
General Information
Standard status
Active
Size
8,158 SF
Total Parking Spaces
46
Property subtype
OFFICE
Additional Details
Highway Access
Yes
Amenities
outdoor seating area
multi-purpose space
Listing Agency:
Clemons Real Estate
(816) 621-2130
Listed By:
Cole Stewart · License ##00251413
(913) 568-2003
Source:
Moodyscre
Added: Oct 1
Changed: Oct 3
Last Checked: Oct 4 at 12:41PM
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 medical office space offers a wellness-focused buildout with private offices, treatment rooms, and a large multipurpose area. The property contains 8,158 square feet and includes an outdoor seating area, supporting a mix of office and medical functions.
Located in Shawnee near 75th Street, the property is minutes from Shawnee Mission Parkway and has direct access to I-35. Switzer Road frontage provides exposure, and the site includes 46 surface parking spaces for employees and visitors.
Located in Shawnee near 75th Street, the property is minutes from Shawnee Mission Parkway and has direct access to I-35. Switzer Road frontage provides exposure, and the site includes 46 surface parking spaces for employees and visitors.
Key Highlights
- 8,158 square feet of medical office space
- Wellness‑oriented buildout with private offices and treatment rooms
- Large multipurpose area and outdoor seating
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
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
773
Businesses Nearby
Balanced
Demand for This Use
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?
Medical Office Space - A wellness-oriented interior combines private offices with a large multipurpose area and outdoor seating.
Where is this medical office space located?
The property is located at 7410 Switzer St 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 square feet of medical office space; Wellness‑oriented buildout with private offices and treatment rooms; Large multipurpose area and outdoor seating
