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    123Rd St Overland Park, KS 66213

    For Sale
    $1,800,000

    1.36 Acres, Prime Location, High Traffic

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 1.36-acre commercial land parcel is ideally situated at the intersection of Blue Valley Parkway and West 123rd Street in Overland Park, Kansas (zip code 66213), Johnson County. Offered at $1,800,000, this property presents a compelling investment opportunity. Its prime location boasts high visibility and accessibility, situated as an outlot to a Costco store. The property benefits from a lighted intersection, ensuring excellent visibility for any development. The surrounding area is anchored by a strong retail presence, including major national brands such as Target, Walmart, Hobby Lobby, and Whole Foods, creating a vibrant and high-traffic commercial environment. This strategic location offers significant potential for a variety of commercial uses, capitalizing on the established retail concentration and high consumer traffic. The property's size and location make it an attractive option for developers seeking a high-impact commercial development site in a thriving Kansas City suburb. A lease rate of $140,000 per year, NNN, is also available.

    Property Features for 0 123Rd St

    General Information

    Property type
    Land
    Lot Size
    59,242 SF

    HighLights

    • Costco‑anchored outparcel.
    • High‑visibility corner lot with lighted intersection access.
    • Strong retail co‑tenancy including Costco, Target, Walmart, Hobby Lobby, and Whole Foods.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Overland Park
    County
    Johnson
    State
    Kansas
    Longitude
    -94.6743276
    Latitude
    38.9055529

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    FAQs

    What type of property is this?
    Land - 1.36 Acres, Prime Location, High Traffic
    Where is this land located?
    The property is located at 123Rd St Overland Park, KS.
    What is the asking price?
    The asking price for this property is $1,800,000.
    What are key features of this property?
    This property features: Costco-anchored outparcel.; High-visibility corner lot with lighted intersection access.; Strong retail co-tenancy including Costco, Target, Walmart, Hobby Lobby, and Whole Foods.
    Request Owner's contact information
    123Rd St Overland Park, KS 66213
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    Overland Park, KS 66213
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    Realmo Value Estimation

    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.

    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.

    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
    123Rd St Overland Park, KS 66213
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