Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    3.62 AC Corner Development Land Title is generated by Realmo AI

    Roe Ave, Overland Park, KS 66209

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Corner land with development potential in high-density mixed-use area.

    Type:Mixed Use, Land
    Property size:
    4 SF
    Lot size:
    3.62 Acres
    Price / SF:
    $788,436/SF
    Added:
    Aug 3, 2021
    Days on Market:
    1766
    Last Refresh:
    May 19 at 9:03 pm

    Property Features for Roe Ave

    General Information

    Standard status
    Active
    Size
    4 SF
    Lot size
    3.62 Acres
    Property subtype
    Mixed Use, Land

    We can help!

    Listing Contact
    Ben Hassine

    Listing agent Ben Hassine License #2021003276

    Listing office KW Commercial Prairie Village

    Listing date Aug 3, 2021

    Source Crexi

    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 KW Commercial Prairie Village

    HighLights

    • 3.62 AC land in a high‑density development area.
    • Location allows for the highest building heights in the corridor.
    • Zoning supports medium to high‑density mixed‑use buildings.
    • Suitable for entertainment, dining, and office developments.
    • Potential for civic or cultural institutions.
    • Located on the corner of Roe Ave and 135th street.

    Overview

    This 3.62-acre land parcel is located on the corner of Roe Avenue and 135th Street. The location is situated in a development area with significant potential. The area supports the highest density and building heights within the corridor. It features a variety of land uses and project types, including medium to high-density mixed-use buildings, entertainment venues, dining establishments, and office spaces. The zoning may also be suitable for future civic or cultural institutions.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Overland Park
    County
    Johnson
    State
    Kansas
    Longitude
    -94.640143
    Latitude
    38.978295

    Nearby Similar for Sale

    • $1,200,000
      7,139 SF

      Strip Mall with 6-Bay Automotive Shop

      Vacant retail space offers immediate use, with income potential through lease renewals in a well-sized, multi-suite neighborhood center.
      15003-15009 Metcalf Ave, Overland Park, KS 66223
      View Details
    • $1,160,000

      Overland Park Homesite Opportunity

      4.17 acres in a desirable Johnson County location.
      10985 W 175th Street, Overland Park, KS 66221
      View Details
    • $1,554,591

      Remodeled Office Building For Sale

      Remodeled office building with four suites, two leased, two available.
      10580 Barkley Street, Overland Park, KS 66212
      View Details
    • $565,000

      Premier Overland Park Homesite

      2.17 acres in Blue Valley School District.
      10985 W 175th Lot 1 Street, , KS 66221
      View Details
    • $350,000
      2,535 SF

      Stonehaven Duplex Near 119th Street

      Well-located duplex with finished basement and maintenance provided.
      9000 W 120th Terrace, Overland Park, KS 66213
      View Details
    • $359,000
      2,044 SF

      Overland Park Duplex Near JCCC

      Half duplex near JCCC with finished basement and updated garage.
      11318 King Street, Overland Park, KS 66210
      View Details
    • $210,000
      1,355 SF

      Overland Park Duplex with Potential

      Duplex in Overland Park, great investment opportunity.
      7775 England Street, Overland Park, KS 66214
      View Details
    • $150,000
      1,370 SF

      Overland Park Duplex Opportunity

      Half duplex in Gramercy Park with great potential.
      10151 W 96th Terrace, Overland Park, KS 66212
      View Details
    • $595,000

      Overland Park Homesite Opportunity

      Two-acre homesite in a desirable Overland Park location.
      10985 W 175th Lot 2 Street, Overland Park, KS 66221
      View Details
    • $975,000
      7,700 SF

      Office Building with Flexible Layout

      Partially updated building offers private offices, open workspace, and room to split into two independent suites.
      10460 Mastin, Overland Park, KS 66212
      View Details
    • $5,000,000
      24,436 SF

      Overland Park Lab Facility

      24,436 SF lab facility on 2.04 acres.
      9221 Quivira Rd, Overland Park, KS 66215
      View Details
    • $315,000
      1,470 SF

      Updated Duplex in Overland Park

      Updated duplex in a sought-after Overland Park location.
      15129 Glenwood Avenue, Overland Park, KS 66223
      View Details

    FAQs

    What type of property is this?
    Commercial land - Corner land with development potential in high-density mixed-use area.
    Where is this commercial land located?
    The property is located at Roe Ave Overland Park, KS.
    What is the asking price?
    The asking price for this property is $3,153,744.
    What are key features of this property?
    This property features: 3.62 AC land in a high‑density development area.; Location allows for the highest building heights in the corridor.; Zoning supports medium to high‑density mixed‑use buildings.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Ben Hassine
    Real Estate License ID: 2021003276
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    Roe Ave, Overland Park, KS 66209
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!