Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    135th St & Metcalf Ave Overland Park, KS 66213

    Property Lookup

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

    135th St & Metcalf Ave Overland Park, KS 66213

    View on Map
    • Land
    • 7.54 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 135th St & Metcalf Ave

    Lot size
    7.54 lot acres
    Property type
    Land

    Description

    This exceptional 7.54-acre commercial land parcel in Overland Park, Kansas, presents a unique development opportunity. Located at the Northwest corner of W 135th Street & Metcalf Avenue, this property boasts prime visibility and accessibility, fronting Highway 69 between 127th and 135th Streets. Zoned CP-O and MXD, it's ideal for a variety of uses, including townhomes, duplexes, senior housing, or office space. This is the last developable site within the desirable Deer Creek Woods community. The 328,432 square foot lot includes 5.26 developable acres, with an additional 2.28 acres designated for green space or parking due to its location within a 100-year floodplain. Enjoy attractive amenities such as proximity to the Overland Park walking trail (west and south) and a creek along the southern boundary. The property's Parcel ID is NF251330-4006. Excellent access is provided from the north via Foster Street. The 2020 property taxes were $2,724.30. This offering is priced at $1,806,376, or $5.50 per square foot. Legally, it's part of the Shoppes at Deer Creek Woods III, second plat. Don't miss this chance to acquire a highly sought-after development site in a thriving Kansas City suburb.

    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
    -94.7019
    Latitude
    38.8836

    Comparable in this City

    • Value Estimation by Request
      1.50 Acres

      7220 129Th St

      Land • 1.50 Acres
      7220 129Th St, Overland Park, KS 66213
      View Details
    • Value Estimation by Request
      1.36 Acres

      123Rd St

      Land • 1.36 Acres
      0 123Rd St, Overland Park, KS 66213
      View Details
    • Value Estimation by Request
      6.90 Acres

      13503 Switzer Rd

      Land • 6.90 Acres
      13503 Switzer Rd, Overland Park, KS 66213
      View Details
    • Value Estimation by Request
      2.48 Acres

      Overland Park, KS 66213

      COMMERCIAL (GENERAL) • 2.48 Acres
      Overland Park, KS 66213
      View Details
    • Value Estimation by Request
      1.67 Acres

      Overland Park, KS 66213

      COMMERCIAL (GENERAL) • 1.67 Acres
      Overland Park, KS 66213
      View Details
    • Value Estimation by Request
      6.97 Acres

      7103 125th Ter

      COMMERCIAL (GENERAL) • 6.97 Acres
      7103 125th Ter, Overland Park, KS 66213
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Overland Park Land Opportunity

      Land available in Overland Park, Kansas.
      S Pflumm Rd, Overland Park, KS 66213
      View Details
    • Contact for pricing

      Deer Creek Woods Land

      Land for sale ideal for various development projects.
      135th St & Metcalf Ave, Overland Park, KS 66213
      View Details
    • Contact for pricing

      Overland Park Pad Site

      Development-ready pad site in established medical park.
      7220 W 129Th St, Overland Park, KS 66213
      View Details
    • Contact for pricing

      Overland Park Commercial Land Available

      Prime commercial land in Overland Park, high-traffic location.
      13503 Switzer Rd, Overland Park, KS 66213
      View Details
    • $1,000,000
      4.00 Acres

      Overland Park Land Opportunity

      Prime land in Overland Park, Kansas, with development potential.
      12960 Quivira Rd, Overland Park, KS 66213
      View Details
    • Contact for pricing

      Prime Land Near Retailers

      1.78 acre lot near new multi-family development.
      12075 Metcalf Ave, Overland Park, KS 66213
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Pad Site in St. Andrews Plaza

      0.5 acre pad site in a fully occupied plaza.
      11212 W 135Th St, Overland Park, KS 66213
      View Details
    • Contact for pricing

      Prime Commercial Land for Lease

      Land available near major retailers with high traffic volume.
      7200 W 119Th St, Overland Park, KS 66213
      View Details
    • Contact for pricing

      Prime Land Ready for Construction

      0.88 acre commercial land in high-traffic, high-income area.
      12328 Craig St, Overland Park, KS 66213
      View Details
    • Contact for pricing

      Retail/Office Space in High-Traffic Area

      Retail or office space in a high-traffic Overland Park location.
      13456 W 127Th St, Overland Park, KS 66213
      View Details
    • Contact for pricing
      8,321 SF

      Overland Park Office Space Available

      Office space available for lease in Overland Park, Kansas.
      7401 W 129Th St, Overland Park, KS 66213
      View Details
    • Contact for pricing

      Overland Park Mixed-Use Retail Space

      Retail and office spaces available in a mixed-use development.
      11228 Switzer Rd, Overland Park, KS 66213
      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.
    135th St & Metcalf Ave
    Overland Park, KS 66213
    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!