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    8961 Metcalf Ave Overland Park, KS 66212

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    8961 Metcalf Ave Overland Park, KS 66212

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    • Lifestyle centers
    • 130,000 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Promontory Apartments / Apartment Building / Apartment Complex

    Property Details for 8961 Metcalf Ave

    Property size
    130,000 SF
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    Promontory, an upscale mixed-use development in Overland Park, Kansas, offers exceptional retail opportunities. This 130,000 square foot shopping center is situated at the northeast corner of 91st Street and Metcalf Avenue, a high-traffic location within a 25-acre development. Currently, there are multiple spaces available, ranging from a minimum of 1,350 square feet to a maximum contiguous space of 8,306 square feet

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Overland Park
    County
    Johnson
    State
    Kansas
    Longitude
    -94.666
    Latitude
    38.9674

    Comparable in this City

    • Value Estimation by Request
      112,080 SF

      95th St & Antioch Rd

      Neighborhood centers • 112,080 SF
      95th St & Antioch Rd, Overland Park, KS 66212
      View Details
    • Value Estimation
      $3,800,000
      134,504 SF

      9228 Metcalf Ave

      MINI-MALL • 134,504 SF
      9228 Metcalf Ave, Overland Park, KS 66212-1476
      View Details
    • Value Estimation
      $2,085,000
      75,648 SF

      9284 Metcalf Ave

      MINI-MALL • 75,648 SF
      9284 Metcalf Ave, Overland Park, KS 66212-1478
      View Details
    • Value Estimation
      $2,605,000
      49,534 SF

      10303 Metcalf Ave

      MINI-MALL • 49,534 SF
      10303 Metcalf Ave, Overland Park, KS 66212-1805
      View Details
    • Value Estimation
      $2,690,000
      81,793 SF

      10304 Metcalf Ave

      MINI-MALL • 81,793 SF
      10304 Metcalf Ave, Overland Park, KS 66212-1804
      View Details
    • Value Estimation by Request
      0.27 Acres

      Overland Park, KS 66212

      MINI-MALL • 0.27 Acres
      Overland Park, KS 66212
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      75,466 SF

      Overland Park Shopping Center For Sale

      Shopping center in Overland Park, Kansas, 15 minutes from Downtown.
      10310-10450 Mastin St, Overland Park, KS 66212
      View Details
    • Contact for pricing
      47,761 SF

      Overland Park Retail Center For Sale

      Fully occupied retail center anchored by CVS Pharmacy.
      8800-8850 West 95Th St, Overland Park, KS 66212
      View Details
    • $24,749,910
      93,707 SF

      Overland Park Retail Space Available

      Retail suites available in a redeveloped neighborhood retail center.
      8701-9552 W 95Th St, Overland Park, KS 66212
      View Details
    • Contact for pricing
      112,080 SF

      Overland Park Retail Center Suites

      Retail suites available in a redeveloped Overland Park shopping center.
      95th St & Antioch Rd, Overland Park, KS 66212
      View Details
    • Contact for pricing

      Overland Park Land Available

      Land available in Overland Park, Kansas.
      9701 Metcalf Ave, Overland Park, KS 66212
      View Details
    • $1,554,591
      0.20 Acres

      Remodeled Office Building For Sale

      Remodeled office building with four suites, two leased, two available.
      10580 Barkley St, Overland Park, KS 66212
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Prime Retail Pads Available

      Flexible pad sites for ground lease or build to suit.
      95 95Th St, Overland Park, KS 66212
      View Details
    • Contact for pricing
      10,680 SF

      Retail Space in Overland Park

      Retail spaces available in high-traffic Overland Park location.
      9012-9078 Metcalf Ave, Overland Park, KS 66212
      View Details
    • Contact for pricing

      Overland Park Office and Retail

      Office and retail suites available for lease in Overland Park.
      7171 W 95Th St, Overland Park, KS 66212
      View Details
    • Contact for pricing
      1,469 SF

      Overland Park Retail Space Available

      Retail space for rent in Overland Park, Kansas.
      10001-10081 W 87Th St, Overland Park, KS 66212
      View Details
    • Contact for pricing
      1,238 SF

      Retail and Office Space Available

      Retail and office spaces with great visibility and highway access.
      10400-10428 Mastin St, Overland Park, KS 66212
      View Details
    • Contact for pricing

      Overland Park Retail Space Available

      Retail spaces available at Commerce Square Shops in Overland Park.
      87th And Mastin, Overland Park, KS 66212
      View Details
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    8961 Metcalf Ave
    Overland Park, KS 66212
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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
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