Downtown Overland Park Office
For Sale
Contact for pricing
Pending
8234 Robinson St, Overland Park, KS 66204
Renovated 4,000 SF office in downtown Overland Park.
Property Size4,000 SF
Days on Market214
Property Features for 8234 Robinson St
General Information
Standard status
Pending
Size
4,000 SF
Property subtype
Office
Investment Type
Owner/User
Building Details
Year Built
1979
Year Renovated
2020
Buildings
1
Stories
1
Listing Agency:
Waterford Property Company LLC
Listed By:
Joe O'Connor · License #SP00250369
(816) 308-0350
Source:
Crexi
Added: Mar 19
Changed: Oct 10
Last Checked: Oct 16 at 6:28AM
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 Waterford Property Company LLC
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Investment Insights
Based on property information with market context.
Located in Downtown Overland Park, this property offers 4,000 square feet of commercial space. The space has been fully renovated and features an exposed ceiling. Parking is available at a ratio of 5 spaces per 1,000 square feet. The property is within walking distance of restaurants and coffee shops.
Key Highlights
- Located in Downtown Overland Park
- Fully renovated with exposed ceiling
- 4,000 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,715
Cap Rate
5.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,014,300
$1.0M
Cap Rate 7%
$724,500
$724.5K
Cap Rate 9%
$563,500
$563.5K
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$84.0K $21.00/SF
− Vacancy
−$16.4K −$4.10/SF
EGI
$67.6K $16.90/SF
− OpEx
−$16.9K −$4.23/SF
NOI
$50.7K $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%
$1,014,300
Cap Rate 7%
$724,500
Cap Rate 9%
$563,500
Alternative Uses
Best Use
Office B
$724.5K
$633.9K – $845.3K
NOI $50,715 @ 7.0% cap · market cap 5.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.03M
$901.8K – $1.20M
NOI $72,144 @ 7.0% cap · market cap 7.21%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,031
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office units - Renovated 4,000 SF office in downtown Overland Park.
Where is this office units located?
The property is located at 8234 Robinson St Overland Park, KS.
What is the asking price?
The asking price for this property is $999,950.
What are key features of this property?
This property features: Located in Downtown Overland Park; Fully renovated with exposed ceiling; 4,000 square feet
