Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    12045 Metcalf Ave Overland Park, KS 66209

    Property Lookup

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

    12045 Metcalf Ave Overland Park, KS 66209

    View on Map
    • Drive through restaurants
    • 3,462 SF
    • 1.06 lot acres
    For Lease
    $520,000
    View Listing →
    Overland Park Retail Leasing Opportunity For Lease
    $520,000

    Overland Park Retail Leasing Opportunity

    Retail space available in Overland Park with excellent visibility.

    12045 Metcalf Ave, Overland Park, KS 66209
    View Listing
    Property ID
    US33-0442879
    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.
    Value Estimations
    $520,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Fazoli's / Restaurant

    Property Details for 12045 Metcalf Ave

    Year built
    1997
    Construction
    CONCRETE BLOCKS
    Lot size
    1.06 lot acres
    Property size
    3,462 SF
    Zone code
    CP2
    Property type
    Drive through restaurants
    APN
    NP79700000 0005
    APU
    NP797000000005

    Description

    This exceptional 3,462 square-foot free-standing building presents a premier leasing opportunity in Overland Park, Kansas. Located at 12045 Metcalf Ave, zip code 66209, this single-tenant retail space boasts excellent visibility and accessibility, making it ideal for a drive-thru restaurant or similar business. The property features a total of 43 parking spaces, ensuring ample customer convenience. The building is situated in Johnson County and is currently entirely vacant, offering immediate occupancy for a new tenant. The single-story structure provides a functional and efficient layout, ready for customization to meet specific business needs. Its strategic location within Overland Park offers significant advantages for attracting a substantial customer base. This is a rare opportunity to secure a high-profile retail space in a thriving market. The property's size and features make it an attractive option for a variety of businesses seeking a prominent presence in a busy commercial area. The ample parking ensures ease of access for customers and employees alike. Don't miss this chance to establish your business in this prime Overland Park location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $530,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $509,000
      Market price range: $509k - $764k

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

    Location Insight

    • Map
    • Local Demand
    City
    Overland Park
    County
    Johnson
    State
    Kansas
    Longitude
    -94.6672
    Latitude
    38.9103
    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
    $39,822
    $264,380
    $108,870
    $373,250
    -
    $1,057,520
    $435,480
    $1,493,000

    Comparable in this City

    • Value Estimation
      $835,000
      6,992 SF

      7100 119th St

      DRIVE-THRU RESTAURANT, FAST FOOD • 6,992 SF
      7100 119th St, Overland Park, KS 66213-1116
      View Details
    • Value Estimation
      $760,000
      5,470 SF

      7124 119th St

      DRIVE-THRU RESTAURANT, FAST FOOD • 5,470 SF
      7124 119th St, Overland Park, KS 66213-1116
      View Details
    • Value Estimation by Request
      1,840 SF

      12551 Antioch Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,840 SF
      12551 Antioch Rd, Overland Park, KS 66213-1703
      View Details
    • Value Estimation
      $505,000
      3,100 SF

      12005 Metcalf Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,100 SF
      12005 Metcalf Ave, Overland Park, KS 66213-1121
      View Details
    • Value Estimation
      $545,000
      3,735 SF

      7337 119th St

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,735 SF
      7337 119th St, Overland Park, KS 66213-1111
      View Details
    • Value Estimation by Request
      1,140 SF

      12551 Pflumm Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,140 SF
      12551 Pflumm Rd, Overland Park, KS 66213-2312
      View Details

    Similar Nearby for Sale

    • $5,308,000
      3,460 SF

      Restaurant Space Available Near Whole Foods

      Restaurant space available Q4 2024, expansion possible Q1 2025.
      12020-12070 Metcalf Ave, Overland Park, KS 66213
      View Details
    • Contact for pricing
      2,690 SF

      Overland Park Restaurant Opportunity

      Thriving Indian/Pakistani restaurant for sale in a high-traffic location.
      10142 W 119Th St, Overland Park, KS 66213
      View Details
    • Contact for pricing
      20,274 SF

      Retail Space in Overland Park

      Retail space available in a Whole Foods anchored project.
      11940-11970 Metcalf Ave, Overland Park, KS 66213
      View Details
    • Contact for pricing
      3,780 SF

      Retail Space Near High-Traffic Intersection

      Retail space in Overland Park near a high-traffic intersection.
      119Th St, Overland Park, KS 66213
      View Details
    • Contact for pricing

      Overland Park Retail Opportunity

      Retail property available for sale in Overland Park.
      Overland Pkwy, Overland Park, KS 66213
      View Details
    • Contact for pricing
      17,877 SF

      Overland Park Retail Space For Sale

      Retail space available in Overland Park, Kansas.
      12691 Antioch Rd, Overland Park, KS 66213
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      826 SF

      Retail Space in Overland Park

      Retail space available in a shopping center anchored by Price Chopper.
      7592-7594 W 119Th St, Overland Park, KS 66213
      View Details
    • Contact for pricing
      1,750 SF

      Retail Space in Overland Park

      Retail space available in Overland Park, Kansas near major retailers.
      7102-7520 W 119Th St, Overland Park, KS 66213
      View Details
    • Contact for pricing
      6,050 SF

      Retail Space Near Major Anchors

      Retail space anchored by Price Chopper and Hobby Lobby.
      7800-7824 W 119Th St, Overland Park, KS 66213
      View Details
    • Contact for pricing

      Overland Park Retail Space Available

      Retail and restaurant spaces available in Overland Park, Kansas.
      11200 Switzer Rd, Overland Park, KS 66213
      View Details
    • Contact for pricing

      Retail Space in Deer Creek

      Retail and restaurant spaces available in busy Kansas City corridor.
      & Metcalf 135Th 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
    View Listing
    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.
    12045 Metcalf Ave
    Overland Park, KS 66209
    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!