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

    11101 Switzer Rd Overland Park, KS 66213

    • Office Properties & Spaces
    • 125,729 SF
    For Lease
    View listing
    Last Sale
    Aug 19, 2021
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US33-0105098
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Heffner Financial Partners: Jason Heffner / Financial Advisor
    • Nextaff of Overland Park / Employment Agency
    • Nextworld / Corporate Office
    • Worldwide Express / Shipping Company / Freight Service
    • Benefits Design Group / Insurance Agency

    Property Details for 11101 Switzer Rd

    Year built
    2019
    Property size
    125,729 SF
    Property type
    Office Properties & Spaces
    APN
    NP10210000 0004
    APU
    NP102100000004

    Description

    CityPlace Corporate Centre I, located at 11101 Switzer Road in Overland Park, Kansas (zip code 66210), offers premium executive office space in a modern, Class A building. This four-story building, completed in 2020, boasts a total of 120,268 square feet, with two suites currently available. Flexible floor plans allow for efficient space utilization, ranging from a minimum of 7,127 square feet to a maximum contiguous space of 14,591 square feet. The building's design incorporates steel, masonry, precast concrete, glass, and natural stone, creating a contemporary aesthetic. The efficient 30,000 square foot floor plates are designed for maximum adaptability to evolving business needs. Currently, 21,718 square feet of space is vacant. Ample parking is provided, with a ratio of five spaces per 1,000 square feet. The property is situated in the Johnson County submarket of Johnson County, Kansas, offering convenient access to area amenities and transportation. This mixed-use building presents a unique opportunity for businesses seeking high-quality, flexible office space in a prime Overland Park location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $3,827,000
      Market price range: $1.61M - $5.30M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $3,825,000
      Current use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Overland Park
    County
    Johnson
    State
    Kansas
    Longitude
    -94.708
    Latitude
    38.9266
    CBSA code
    28140
    CBSA name
    KANSAS CITY, MO-KS METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $413,957
    $0.00
    $0.00
    $0.00
    -
    $1,516,210
    $17,408,790
    $18,925,000

    Comparable in this City

    • Value Estimation by Request
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    • Value Estimation
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      7300 110th St

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      View Details
    • Value Estimation by Request
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      11879 112th St

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      View Details
    • Value Estimation
      $4,970,000
      248,723 SF

      7500 College Blvd

      OFFICE (GENERAL) • 248,723 SF
      7500 College Blvd, Overland Park, KS 66210-4035
      View Details
    • Value Estimation
      $2,190,000
      120,578 SF

      10955 Lowell Ave

      OFFICE (GENERAL) • 120,578 SF
      10955 Lowell Ave, Overland Park, KS 66210-2351
      View Details
    • Value Estimation
      $5,980,000
      258,735 SF

      10851 Mastin St

      OFFICE (GENERAL) • 258,735 SF
      10851 Mastin St, Overland Park, KS 66210-1769
      View Details

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    Similar Nearby for Lease

    • Contact for pricing
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      City Place Corporate Centre II

      Overland Park Executive Office Space - 150,000 SF
      0 Switzer Rd, Overland Park, KS 66210
      View Details
    • Contact for pricing
      180,000 SF

      CityPlace Corporate Centre IV Office Suites

      Class A Office Space, Johnson County, KS
      11350 Switzer Rd, Overland Park, KS 66210
      View Details
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      College Village Office Space For Lease

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      Overland Park Executive Office Space

      Prime Office Suites, Available Now
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    • Contact for pricing
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      Overland Park medical & general office suites available.
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      View Details
    • $22 SF/Yr
      21,538 SF

      Corporate Woods Office Space Available

      Office space for lease in Corporate Woods, Overland Park.
      9101 W 110Th St, Overland Park, KS 66210
      View Details
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    Overland Park, KS 66213
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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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