Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    115 115Th St Overland Park, KS 66211

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Prime KS development site, ample parking.

    Property Features for 115 115Th St

    General Information

    Property type
    Land
    Lot Size
    216,058 SF

    We can help!

    Listing Contact
    John Coe
    John Coe

    Listing Agency: Copaken Brooks Listing Agent: John Coe

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional Overland Park, Kansas commercial land offering presents a unique investment opportunity. Located at the highly visible intersection of 115th & Glenwood in Johnson County, this ±4.96 to 10-acre site is planned for mixed-use development, ideal for office, retail, multi-family, or medical uses. The property boasts significant highway visibility, excellent signage opportunities, and convenient highway access. Its prime infill location within a sought-after Johnson County corridor ensures high demand and strong potential for future growth. The site includes the potential for a 75,000+ square foot, three-level office building with a 4:1,000 parking ratio, and a 5,000-6,000+ square foot restaurant featuring a drive-thru and ample parking. Existing infrastructure includes two office buildings totaling 336,000 square feet and 960 parking spaces across two levels each. This development site offers multiple use options and is poised to become a landmark location in Overland Park. The zip code is 66211.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store 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
    -94.6632276
    Latitude
    38.9172164

    Nearby Similar for Sale

    • $650,000
      1.79 Acres

      Overland Park Flex-Space Ownership Opportunity

      Rare opportunity to own commercial real estate in Overland Park.
      12647 Hemlock St, Overland Park, KS 66213
      View Details
    • $600,000
      1.79 Acres

      Overland Park Flex-Space Opportunity

      Commercial flex-space for sale in thriving Overland Park market.
      12651 Hemlock St, Overland Park, KS 66213
      View Details
    • New
      $340,000
      Pending

      Renovated Duplex in Blue Valley Schools

      Meticulously renovated half-duplex with modern upgrades and serene backyard.
      10710 W 115Th St, Overland Park, KS 66210
      View Details
    • New
      $365,000
      1,876 SF

      Overland Park Duplex with Basement

      Well-maintained duplex with finished basement, abundant storage, and included services.
      11332 King St, Overland Park, KS 66210
      View Details
    • New
      $310,000
      1,621 SF

      Overland Park Duplex For Sale

      Duplex in Indian Creek Park Estates, needs updating, great location.
      10826 W 115Th Pl, Overland Park, KS 66210
      View Details
    • Contact for pricing
      91,248 SF

      Office Building in Corporate Woods

      Office building in a wooded area near bike trails.
      9300 W 110Th St, Overland Park, KS 66210
      View Details
    • Contact for pricing
      100,795 SF

      Office Building Near Indian Creek

      Office building adjacent to Indian Creek bike trail and city park.
      9200 Indian Creek Pkwy, Overland Park, KS 66210
      View Details
    • Contact for pricing
      97,023 SF

      Renovated Office Building in Overland

      Completely renovated office building with modern amenities and ample parking.
      10950 Grandview St, Overland Park, KS 66210
      View Details
    • Contact for pricing
      101,331 SF

      Five-Story Atrium Office Building

      Office building featuring a five-story atrium and highway access.
      10975 Benson Dr, Overland Park, KS 66210
      View Details
    • Contact for pricing
      28,612 SF

      Retail Space Near Corporate Woods

      Retail property near College Boulevard and Corporate Woods Office Park.
      9916 College Blvd, Overland Park, KS 66210
      View Details
    • Contact for pricing
      96,698 SF

      Corporate Woods Office Space Available

      Office space in Corporate Woods with on-site amenities.
      10975 Grandview St, Overland Park, KS 66210
      View Details
    • Contact for pricing
      246,462 SF

      Corporate Woods Office Park Opportunity

      Office park with highway access, security, and amenities.
      10801 Mastin St, Overland Park, KS 66210
      View Details

    FAQs

    What type of property is this?
    Land - Prime KS development site, ample parking.
    Where is this land located?
    The property is located at 115 115Th St Overland Park, KS.
    What are key features of this property?
    This property features: 4.96 - 10 acre commercial land parcel in Overland Park, KS.; Mixed-use development opportunity.; Suitable for office, retail, multi-family, or medical uses.
    (816) 701-5000 Call to check price and availability
    Request Owner's contact information
    115 115Th St Overland Park, KS 66211
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    115 115Th St
    Overland Park, KS 66211
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    115 115Th St Overland Park, KS 66211
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing John Coe
    John Coe
    Real Estate License ID: 00046243
    (816) 701-5000
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!