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Property profile & analytics
OFF-MARKET
Estimated value
$730,000
Strip malls
11625 Metcalf Ave Overland Park, KS 66210-2234
Entity Owned
Absentee Owner
Free & Clear
Property ID
US33-0838353
Property summary
AI-generated overview
This exceptional 4,500-square-foot retail space, formerly a Sleep Outfitters outlet, is available for lease in Johnson County. The property offers a single-tenant occupancy in a high-traffic location, boasting excellent visibility and accessibility. Located adjacent to major retailers such as Best Buy, Kohl's, Guitar Center, and a Walmart Supercenter, this space benefits from significant foot traffic and brand synergy. The lease rate is $18.00 per square foot, Net, Net, Net (NNN), with annual NNN expenses totaling $8.10 per square foot. The entire 4,500 square feet is currently vacant and ready for immediate occupancy. This presents a unique opportunity for businesses seeking a prominent location with strong potential for customer engagement and sales. The property's previous use as a retail outlet suggests suitability for a variety of retail concepts. Its size and location make it ideal for a wide range of businesses seeking high visibility and convenient access for customers. The proximity to established, high-performing retailers further enhances the property's appeal and potential for success. This is a prime opportunity to establish a strong retail presence in a thriving commercial area. Contact us today to learn more about this exceptional retail space.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1996
Construction
CONCRETE BLOCKS
Total area
13,492 SF
Lot
1.47 ac (64,033 SF)
Zoning code
CP2
APN
NP78900000 0002A
UPID
US33-0838353
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Palen Music Center (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$730k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$724k
Blend (final)
Blend
$730k
Owner & transaction history
PM3 ENTERPRISES LLC
PM3 ENTERPRISES LLC
Zoning & alternative use
CP2 · Overland Park, KS
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$900,000
+6.0%
Auto repair, garage
$885,000
+4.1%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Overland Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Overland Park submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$730,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$850,000
Current use
RETAIL STORES
$900,000
Change: +6% · Conversion: Easy
AUTO REPAIR, GARAGE
$885,000
Change: +4% · Conversion: Difficult
WAREHOUSE, STORAGE
$770,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$730k
Range $657k – $803k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$54 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$60,836
Tax year 2023
Assessed value
$586,950
Assessed 2023
Previous assessed
$586,950
+0.0% YoY
Effective rate
10.36%
On assessed value
Assessed land
$231,645
Assessed improvement
$355,305
Land market value
$926,580
Improvement market value
$1,421,220
Total market value
$2,347,800
Applied tax rate
665.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1996
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
13,492 SF
Lot
1.47 ac (64,033 SF)
Zoning code
CP2
APN
NP78900000 0002A
UPID
US33-0838353
Jurisdiction
JOHNSON
Zoning & alternative use
CP2 · Overland Park, KS
Zoning CP2 · permitted uses
CP2 · Overland Park, KS
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Overland Park. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$850,000
RETAIL STORES
Est. value
$900,000
AUTO REPAIR, GARAGE
Est. value
$885,000
WAREHOUSE, STORAGE
Est. value
$770,000
NEIGHBORHOOD: SHOPPING CENTER Current
RETAIL STORES
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1996
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
1.47 ac
Current owner
From public records · entity-resolved
PM3 ENTERPRISES LLC
Entity
Free & Clear · 0 yrs held
Mailing address
6217 W 127TH TER, OVERLAND PARK, KS 66209-3657
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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