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    11149 95Th St Overland Park, KS 66214

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    For Lease
    Contact for pricing

    Prime Overland Park Retail Opportunity

    Lot size:
    1,607,803 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    404
    This exceptional retail opportunity is located within the highly sought-after Oak Park Mall in Overland Park, Kansas. The property, situated at 11149 West 95th Street, zip code 66214, offers a total of 1,607,803 square feet across a substantial 107-acre lot in Johnson County. Currently, two retail spaces are available, ranging in size from 2,016 square feet to 4,108 square feet, perfect for a variety of retail uses. The property is classified as a shopping center with multiple tenancies. Oak Park Mall boasts a strong tenant mix, anchored by major department stores such as Nordstrom, Dillard's, and Macy's. This ensures high foot traffic and visibility for potential tenants. The mall also features a diverse selection of national and regional brands, including Altar'd State, Build-A-Bear Workshop, Coach, Dry Goods, JC Penney, Eddie Bauer, Evereve, H&M, LEGO, LOFT, LUSH, Pandora, Starbucks, Victoria's Secret, Vans, and Oakley, creating a vibrant and attractive shopping destination. The property's prime location in Overland Park, Kansas, offers excellent access to major transportation routes and a dense population base, providing significant potential for business growth and success. This is a rare opportunity to secure retail space in one of the most successful shopping malls in the area.

    Property Features for 11149 95Th St

    General Information

    Property type
    Lifestyle centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,607,803 SF

    Unit(s) available at that property

    Space
    12
    Size
    4,108 SF
    Space
    157
    Size
    2,016 SF

    We can help!

    Listing Contact
    Michelle Waak
    Michelle Waak

    Learn more

    HighLights

    • Two retail spaces available for lease, ranging from 2,016 to 4,108 square feet, within Oak Park Mall, 11149 West 95th Street, Overland Park, KS 66214.
    • Oak Park Mall's trade area boasts a highly educated population, with over 50% holding advanced degrees and 96% high school graduates.
    • Located in the Johnson County Education & Research Triangle, generating over $15 million annually for higher education and projected $1.4 billion economic impact by 2030.
    • Strong STEM industry growth fuels significant housing, population, and employment expansion in Johnson County.
    • Oak Park Mall's primary trade area is projected to experience the highest growth rates in the Kansas City metro area over the next 20 years, supported by major employers including Sprint, Garmin, and others.
    Property Profile Location Intelligence

    Current Use by Public Records

    Kansas City Nut ... Nut Store Oak Park Mall Shopping Mall Garage Clothing Store Ooh La La ... Beauty Salon H&M Clothing Store

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Overland Park
    County
    Johnson
    State
    Kansas
    Longitude
    -94.7202709
    Latitude
    38.9536069

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    FAQs

    What type of property is this?
    Lifestyle center - Prime Overland Park Retail Opportunity
    Where is this lifestyle center located?
    The property is located at 11149 95Th St Overland Park, KS.
    What are key features of this property?
    This property features: Two retail spaces available for lease, ranging from 2,016 to 4,108 square feet, within Oak Park Mall, 11149 West 95th Street, Overland Park, KS 66214.; Oak Park Mall's trade area boasts a highly educated population, with over 50% holding advanced degrees and 96% high school graduates.; Located in the Johnson County Education & Research Triangle, generating over $15 million annually for higher education and projected $1.4 billion economic impact by 2030.
    Request Owner's contact information
    11149 95Th St Overland Park, KS 66214
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    Overland Park, KS 66214
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    11149 95Th St Overland Park, KS 66214
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    We can help!
    Listing Contact
    Michelle Waak
    Michelle Waak
    Real Estate License ID: TN
    Learn more
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