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    The Largest CRE Database in the US with Over 1 Million Listings

    95 & Nall Prairie Village, KS 66207

    Sponsored
    For Lease
    $33 SF/Yr

    Prestigious Office Suites Available Now

    Lot size:
    49,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    408
    This exceptional three-story Meadowbrook Office Building, located in the desirable Prairie Village area of Overland Park, Kansas (zip code 66207, at the intersection of 95th & Nall), offers prime executive office space for lease. The building boasts a total of 49,000 square feet situated on a generous 150-acre lot. Multiple tenancy options are available, with a minimum leasable space of 1,775 square feet and a maximum contiguous space of 2,896 square feet. Currently, 4,671 square feet of space is immediately available. This presents a unique opportunity for businesses seeking modern, efficient office accommodations in a highly sought-after location within Johnson County. The building's strategic location provides easy access to major transportation routes, ensuring convenient commutes for employees and clients alike. The address offers a prestigious business image and a professional environment conducive to productivity and growth. Interested parties are encouraged to inquire about the available spaces and explore the possibilities of establishing their business in this exceptional office building. The building's size and layout offer flexibility to accommodate a variety of business needs and sizes.

    Property Features for 0 95 & Nall

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    49,000 SF
    Total Rate
    136791.67

    Building Details

    Stories
    3

    Unit(s) available at that property

    Space
    Suite C101
    Size
    1,775 SF
    Rate per SF
    $33
    Space
    Suite C200
    Size
    2,896 SF
    Rate per SF
    $33

    We can help!

    Listing Contact
    Eric Gonsher
    Eric Gonsher

    Learn more

    HighLights

    • 49,000 SF three‑story office building in a complete mixed‑use redevelopment.
    • Suites from 1,775 to 2,896 square feet available for lease.
    • Units feature walk‑out balconies.
    • High‑visibility signage opportunities available.
    • Located adjacent to a 150+ acre park redevelopment.
    • Walkable to retail and restaurant amenities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Prairie Village
    County
    Johnson
    State
    Kansas
    Longitude
    -94.6490252
    Latitude
    38.956713

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    FAQs

    What type of property is this?
    Office Property Space - Prestigious Office Suites Available Now
    Where is this office property space located?
    The property is located at 95 & Nall Prairie Village, KS.
    What is the lease rate?
    The lease rate is $33 SF/Yr.
    What are key features of this property?
    This property features: 49,000 SF three-story office building in a complete mixed-use redevelopment.; Suites from 1,775 to 2,896 square feet available for lease.; Units feature walk-out balconies.
    Request Owner's contact information
    95 & Nall Prairie Village, KS 66207
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    Prairie Village, KS 66207
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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
    95 & Nall Prairie Village, KS 66207
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    We can help!
    Listing Contact
    Eric Gonsher
    Eric Gonsher
    Real Estate License ID: MO 2007026839
    Learn more
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