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    5500 127Th St Overland Park, KS 66209

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    5500 127Th St Overland Park, KS 66209

    View on Map
    • Commercial real estate
    • 8.50 lot acres
    Off-Market
    Property ID
    US33-0570725
    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

    • Commercial real estate

    Property Details for 5500 127Th St

    Lot size
    8.50 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 8.5-acre property, located at 5500 W 127th Street in Overland Park, Kansas, presents a unique investment opportunity. Zoned for development, this expansive lot offers significant potential for various projects. The asking price is $1,200,000. Its ideal location within Overland Park, Johnson County, zip code 66209, provides easy access to major transportation routes and amenities. The land's natural beauty is enhanced by a creek bordering the northern section, adding a picturesque element to the site. This sizable parcel is suitable for a variety of development plans, including the creation of luxury estate homes or a sophisticated villa community. The property's size and location make it an attractive proposition for developers seeking a prime location in a thriving Kansas community. Detailed site plans and zoning information are available upon request. This is a rare opportunity to acquire a significant land parcel in a highly desirable area of Overland Park. Serious inquiries only.

    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, KS
    State
    Kansas
    Longitude
    -94.649787
    Latitude
    38.899451

    Comparable in this City

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      Residential Lot in Leawood, KS

      Exceptional homesite in a desirable Leawood location, ready to build.
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      Leawood Land for Sale

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      Leawood Retail Location For Sale

      Prime retail location in Leawood, Kansas with high visibility.
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      Leawood Business Park Land Available

      Development-ready sites in excellent Leawood Business Park location.
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      Leawood Business Park Land Parcels

      Development-ready land parcels in Leawood Business Park, ranging from 1.13-14.41 acres.
      14104 Overbrook Rd, Leawood, KS 66209
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    Similar Nearby for Sale

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      Leawood Land with 135th Street Frontage

      1.61 acres of land with mixed-use zoning.
      13480 Briar Dr, Leawood, KS 66209
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    • $300,000
      0.34 Acres

      Residential Lot in Leawood, KS

      Exceptional homesite in a desirable Leawood location, ready to build.
      5448 W 128Th Ter, Leawood, KS 66209
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    • Contact for pricing
      4,300 SF

      Leawood Land for Sale

      Commercial land available in Leawood, Kansas.
      13112-13220 State Line Rd, Leawood, KS 66209
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      Leawood Retail Location For Sale

      Prime retail location in Leawood, Kansas with high visibility.
      135Th St & Msn Rd, Leawood, KS 66209
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      Leawood Business Park Land Available

      Development-ready sites in excellent Leawood Business Park location.
      14108 Overbrook Rd, Leawood, KS 66209
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      Leawood Business Park Land Parcels

      Development-ready land parcels in Leawood Business Park, ranging from 1.13-14.41 acres.
      14104 Overbrook Rd, Leawood, KS 66209
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    Similar Nearby for Lease

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      Leawood Commercial Space Available

      Commercial space for lease in Leawood, Kansas.
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      Overland Park Retail Spaces Available

      Retail spaces available in high-traffic Overland Park shopping center.
      121st St & Metcalf Ave Overland Park, Overland Park, KS 66209
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      Overland Park Retail Leasing Opportunity

      Retail space available in Overland Park with excellent visibility.
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      Leawood Retail Center For Rent

      Boutique retail center in a strong Leawood market.
      4800 W 135 St, Leawood, KS 66209
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      Leawood Retail/Office Space Available

      Retail/office space in a prestigious Leawood location.
      12242-12260 State Line Rd, Leawood, KS 66209
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      Commercial Space in Overland Park

      Commercial space available for rent in Overland Park, Kansas.
      5525 W 119Th St, Overland Park, KS 66209
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    5500 127Th St
    Overland Park, KS 66209
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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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