Flex Space with Drive-In
For Sale
Contact for pricing
7913 Floyd Street, Overland Park, KS 66204
Office and warehouse configuration with dedicated loading access and on-site parking.
Property Size3,547 SF
Lot Size0.26 Acres
Price / SF$195.94
Days on Market8
Property Features for 7913 Floyd Street
General Information
Standard status
Active
Size
3,547 SF
Total Parking Spaces
14
Lot size
0.26 Acres
Property subtype
Retail
Zoning
DFD – Downtown Form District
Warehouse & Industrial
Warehouse Space
2,829 SF
Office Build-Out
718 SF
Drive-In Doors
1
Additional Details
Asking Price
$695,000
Building Details
Buildings
1
Building Size
3,547 SF
Listing Agency:
NAI Heartland
Listed By:
Joe O'Neill, CCIM · License #KS 00243549
(913) 991-2348
Source:
Crexi
Added: Sep 10
Changed: Sep 16
Last Checked: Sep 16 at 1:44PM
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 NAI Heartland
Investment Insights
Based on property information with market context.
This flex space property combines approximately 3,547 SF of office and warehouse improvements on an approximately 0.26-acre site. The building includes approximately 718 SF of office area and approximately 2,829 SF of warehouse space, along with a bonus basement area that is not included in the reported total. A drive-in loading door supports warehouse access, while fourteen striped off-street parking spaces serve the property.
Located at 7913 Floyd Street in Overland Park, Kansas, the property is zoned DFD – Downtown Form District. The mix of office, warehouse, loading, and parking components provides a practical layout for a range of flex-oriented commercial uses.
Located at 7913 Floyd Street in Overland Park, Kansas, the property is zoned DFD – Downtown Form District. The mix of office, warehouse, loading, and parking components provides a practical layout for a range of flex-oriented commercial uses.
Key Highlights
- ± 3,547 SF total office‑warehouse building
- ± 718 SF office and ± 2,829 SF warehouse
- Bonus basement area excluded from the SF total
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
$27,999
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
4.03%
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%
$559,980
$560.0K
Cap Rate 7%
$399,986
$400.0K
Cap Rate 9%
$311,100
$311.1K
Market Conditions
NOI Build-Up for 3,547 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
$46.8K $13.20/SF
− Vacancy
−$3.7K −$1.06/SF
EGI
$43.1K $12.14/SF
− OpEx
−$15.1K −$4.25/SF
NOI
$28.0K $7.89/SF
Area
Overland Park, KS
Vacancy
8.00%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
35.00%
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%
$559,980
Cap Rate 7%
$399,986
Cap Rate 9%
$311,100
Alternative Uses
Best Use
Flex RnD
$400.0K
$350.0K – $466.7K
NOI $27,999 @ 7.0% cap · market cap 4.03%
Second Best
Warehouse
$370.2K
$323.9K – $431.9K
NOI $25,913 @ 7.0% cap · market cap 3.73%
Theoretical Best
Office A
$913.9K
$799.7K – $1.07M
NOI $63,974 @ 7.0% cap · market cap 9.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
1,153
Businesses Nearby
Under-served
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Midwest region
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Frequently Asked Questions
What type of property is this?
Flex space - Office and warehouse configuration with dedicated loading access and on-site parking.
Where is this flex space located?
The property is located at 7913 Floyd Street Overland Park, KS.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: ± 3,547 SF total office‑warehouse building; ± 718 SF office and ± 2,829 SF warehouse; Bonus basement area excluded from the SF total
