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    12270 W 135Th St Overland Park, KS 66221

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    12270 W 135Th St Overland Park, KS 66221

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    • Parking lots & garages
    • 0.84 lot acres
    For Sale
    $700,000
    View Listing →
    Overland Park Land For Sale For Sale
    $700,000

    Overland Park Land For Sale

    Land available for sale in Overland Park, Kansas.

    12270 W. 135th Street, Overland Park, KS 66221
    View Listing
    Property ID
    US33-0497385
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Parking lots & garages

    Property Details for 12270 W 135Th St

    Year built
    2005
    Lot size
    0.84 lot acres
    Zone code
    CP-2
    Property type
    Parking lots & garages
    APN
    NP67750001 0016
    APU
    NP677500010016

    Description

    This exceptional 36,452 square foot land parcel in Overland Park, Kansas, presents a remarkable investment opportunity. Located at 12270 W. 135th Street, this CP-2 zoned property boasts excellent visibility and accessibility, situated on a high-traffic intersection with over 40,000 cars passing daily. Utilities are already in place, making development seamless. The site is ideal for a single or multi-tenant building up to 10,000 square feet, offering versatile potential for retail, restaurant, office, or medical uses. A drive-thru option is also available. This prime location benefits from its proximity to established businesses including Drive5 Indoor Sports Center, CVS, McDonald's, Goodyear, Phillips 66, and Primrose Daycare, and is just west of a Price Chopper-anchored shopping center. The property's strategic position offers easy access to recreational amenities such as Deanna Rose Farmstead, Overland Park Sports Complex, and St. Andrew's Golf Course. The asking price for this exceptional development opportunity is $700,000. Don't miss this chance to secure a highly visible and well-located property in a thriving Overland Park community. The zip code is 66221, and the Johnson County location offers a strong foundation for future growth and success.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Overland Park
    County
    Johnson
    State
    Kansas
    Longitude
    -94.7272
    Latitude
    38.8842
    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
    $9,233
    $72,755
    $5,440
    $78,195
    -
    $485,260
    $21,760
    $507,020

    Comparable in this City

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      PARKING LOT • 2.31 Acres
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      $585,000
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      12000 135th St

      AUTO REPAIR, GARAGE • 6,448 SF
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    • Value Estimation by Request
      5,382 SF

      9099 135th St

      VEHICLE SALES, RENTALS • 5,382 SF
      9099 135th St, Overland Park, KS 66221-2005
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    • Value Estimation
      $820,000
      11,845 SF

      11400 135th St

      VEHICLE SALES, RENTALS • 11,845 SF
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    • Value Estimation by Request
      0.04 Acres

      Overland Park, KS 66221

      GROCERY, SUPERMARKET • 0.04 Acres
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    Similar Nearby for Sale

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      Commercial Land For Sale

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      Overland Park Land For Sale

      Land available for sale in Overland Park, Kansas.
      12270 W 135Th St, Overland Park, KS 66221
      View Details
    • Contact for pricing

      Overland Park Land for Sale

      Land available in high-traffic, high-growth Overland Park location.
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    • $595,000
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      Overland Park Homesite Opportunity

      Two-acre homesite in a desirable Overland Park location.
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    Similar Nearby for Lease

    • Contact for pricing

      Overland Park Retail Space Available

      Retail spaces for lease in Overland Park, Kansas.
      12050-12096 W 135Th St, Overland Park, KS 66221
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      Retail Space Available For Lease

      Retail suites available with patio, ideal for fitness or events.
      13301-13356 W 135Th St, Overland Park, KS 66221
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      2,000 SF

      Overland Park Retail Space Available

      Retail space available for lease in Overland Park, Kansas.
      8565-8585 W 135Th St, Overland Park, KS 66221
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    • Contact for pricing
      1,010 SF

      Retail Space in Overland Park

      1,010 SF retail space in Price Chopper anchored center.
      11814-11830 W 135Th St, Overland Park, KS 66221
      View Details
    • Contact for pricing
      11,200 SF

      Retail Space with Drive-Thru Potential

      Retail space available with high traffic and drive-thru opportunity.
      13500 Antioch Rd, Overland Park, KS 66221
      View Details
    • Contact for pricing
      1,306 SF

      Retail Space in Overland Park

      Retail space available for lease in Overland Park, Kansas.
      8905-8941 W 135Th St, Overland Park, KS 66221
      View Details
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    Overland Park, KS 66221
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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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