Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    7619 Metcalf Ave Prairie Village, KS 66208

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    7619 Metcalf Ave Prairie Village, KS 66208

    View on Map
    • Retail properties & Spaces
    • 6,450 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 7619 Metcalf Ave

    Property size
    6,450 SF
    Property type
    Retail properties & Spaces

    Description

    This exceptional retail property, located at 7619 Metcalf Ave in Prairie Village, Kansas (zip code 66208), offers 6,450 square feet of prime retail space currently available for lease. The building is situated in Johnson County and boasts a convenient 10:1 parking ratio, ensuring ample parking for customers and employees. The property is ideal for multiple tenants, with flexible lease options accommodating spaces ranging from a minimum of 1,650 square feet to a maximum contiguous space of 4,800 square feet. The entire 6,450 square feet is currently vacant, presenting a unique opportunity for a single large tenant or multiple smaller businesses to establish a presence in this vibrant location. The property's address is 7619 Metcalf Avenue, Overland Park, Kansas. Its prime location offers excellent visibility and accessibility, making it an attractive option for businesses seeking high foot traffic and convenient access for customers. This is a rare opportunity to secure a substantial retail space in a desirable area with ample parking. The property is categorized as retail and is suitable for a variety of commercial uses. Interested parties should inquire about lease terms and conditions.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Prairie Village
    County
    Johnson
    State
    Kansas
    Longitude
    -94.6678
    Latitude
    38.9907

    Comparable in this City

    • Value Estimation by Request
      2,980 SF

      467 In Owner Earnings!!

      Restaurants • 2,980 SF
      467 In Owner Earnings!!, Prairie Village, KS 66208
      View Details
    • Value Estimation by Request
      4,650 SF

      7500-7510 State Line Rd

      Individual retail properties • 4,650 SF
      7500-7510 State Line Rd, Prairie Village, KS 66208
      View Details
    • Value Estimation by Request
      1,341 SF

      3901 Tomahawk Rd

      CONVENIENCE STORE • 1,341 SF
      3901 Tomahawk Rd, Prairie Village, KS 66208-2616
      View Details
    • Value Estimation
      $615,000
      5,907 SF

      7624 State Line Rd

      FINANCIAL BUILDING • 5,907 SF
      7624 State Line Rd, Prairie Village, KS 66208-3705
      View Details
    • Value Estimation
      $595,000
      4,461 SF

      6900 Msn Rd

      FINANCIAL BUILDING • 4,461 SF
      6900 Msn Rd, Prairie Village, KS 66208-2609
      View Details
    • Value Estimation
      $6,710,000
      74,566 SF

      8200 Msn Rd

      MINI-MALL • 74,566 SF
      8200 Msn Rd, Prairie Village, KS 66208-5211
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Commercial Property in Prairie Village

      Commercial property for sale in a high-income area.
      7505 Nall Ave, Prairie Village, KS 66208
      View Details
    • Contact for pricing
      74,551 SF

      Prairie Village Office Center

      94% leased office center with medical tenants in Prairie Village.
      7301 Mission Rd, Prairie Village, KS 66208
      View Details
    • Contact for pricing

      Leawood Land for Development

      25+/- acres available for development at 135th and Roe.
      135 Roe Ave, Leawood, KS 66208
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,291 SF

      Renovated Office Space Available

      Office spaces for lease with flexible terms and nearby amenities.
      4200 Somerset Dr, Prairie Village, KS 66208
      View Details
    • Contact for pricing

      Prairie Village Office Space Available

      Office space for lease in Prairie Village, Kansas.
      5225 W 75 St, Prairie Village, KS 66208
      View Details
    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.
    7619 Metcalf Ave
    Prairie Village, KS 66208
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!