Updated 2-Bedroom Half
For Sale
$225,000
Pending
7817 England Dr, Overland Park, KS 66204
Two-bedroom residence with an unfinished basement and refreshed interior finishes.
Property Size822 SF
Days on Market48
Property Features for 7817 England Dr
General Information
Standard status
Pending
Size
822 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 2BR/1BA
Multifamily Units
1
Building Details
Year Built
1965
Listing Agency:
Keller Williams Realty Partners Inc.
Listed By:
Elevated Home Team
(913) 906-5400
Source:
Katy.kchomesearcher
Added: Jul 17
Changed: Sep 2
Last Checked: Sep 2 at 6:44PM
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 Keller Williams Realty Partners Inc.
Investment Insights
Based on property information with market context.
This 822-square-foot half duplex offers two bedrooms and one bathroom, with updates throughout the main living areas. Improvements include newer appliances, laminate countertops, new flooring, and fresh interior paint. The unfinished basement adds flexible space for storage, a workshop, home gym, or future living-area plans.
The property is located at 7817 England Dr in Overland Park, near shopping, dining, parks, and major highways. Built in 1965, the residence combines an established structure with recent interior improvements and a practical two-bedroom layout.
The property is located at 7817 England Dr in Overland Park, near shopping, dining, parks, and major highways. Built in 1965, the residence combines an established structure with recent interior improvements and a practical two-bedroom layout.
Key Highlights
- 822‑square‑foot half duplex with 2 bedrooms and 1 bathroom
- Unfinished basement for storage, workshop, home gym, or future living space
- Newer appliances and laminate countertops
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
$8,623
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
3.83%
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%
$172,460
$172.5K
Cap Rate 7%
$123,186
$123.2K
Cap Rate 9%
$95,811
$95.8K
Market Conditions
NOI Build-Up for 822 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
$16.8K $20.40/SF
− Vacancy
−$1.1K −$1.33/SF
EGI
$15.7K $19.07/SF
− OpEx
−$7.1K −$8.58/SF
NOI
$8.6K $10.49/SF
Area
Overland Park, KS
Vacancy
6.50%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
45.00%
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%
$172,460
Cap Rate 7%
$123,186
Cap Rate 9%
$95,811
Alternative Uses
Best Use
Apartment 5plus
$123.2K
$107.8K – $143.7K
NOI $8,623 @ 7.0% cap · market cap 3.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$211.8K
$185.3K – $247.1K
NOI $14,826 @ 7.0% cap · market cap 6.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
829
Businesses Nearby
Explore this area
Business Placement
Demographics for 66204, KS
19,381
Population
9,292
Households
2.1
Avg Household Size
36
Median Age
46%
College-Educated
92%
High-School Grad
5.0 sq mi
ZIP Area
3,876
Density / Sq Mi
$75,248
Median Household Income
$50,567
Median Earnings
$1,319
Median Rent
$254,400
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Two-bedroom residence with an unfinished basement and refreshed interior finishes.
Where is this residential income property located?
The property is located at 7817 England Dr Overland Park, KS.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: 822‑square‑foot half duplex with 2 bedrooms and 1 bathroom; Unfinished basement for storage, workshop, home gym, or future living space; Newer appliances and laminate countertops
