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Property profile & analytics
FOR SALE
Office Spaces

7400 W 129Th St Overland Park, KS 66213

39,264 SF 2.61 ac lot Built 1998
Individually Owned 8-yr Hold ~ Est. High Equity
Property ID
US33-0518455
Property summary
AI-generated overview

This exceptional Class A medical office building, totaling 39,455 square feet, is situated in the highly desirable Deercreek Commons in Overland Park, Kansas, zip code 66213. Built in 1998, this two-story building boasts a 91% occupancy rate with a weighted average lease term (WALT) of 5.1 years, ensuring a stable cash flow. The property features high-caliber tenants, including a major pediatric practice with a long-term lease. The building includes modern finishes, upgraded mechanical systems (five of seven within the last five years), LED lighting, and a 100KW generator. Common areas have been recently renovated, featuring granite countertops and modern fixtures. Security is enhanced by card key access and a comprehensive wet sprinkler system. The building offers ample parking with a 4 per thousand ratio. Located in the strongest office submarket in metropolitan Kansas City, this property benefits from its proximity to executive housing, high-end restaurants, retail amenities, and top-rated schools. The 3,407 square foot vacancy presents an opportunity for owner-occupancy or lease to a new tenant. This investment is well-positioned to benefit from the ongoing "flight to quality" trend in the Kansas City office market. The property's location in Johnson County, the most populous and prosperous county in Kansas, ensures long-term value and strong tenant demand.

Property profile
Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1998
Construction CONCRETE
Total area 39,264 SF
Lot 2.61 ac (113,692 SF)
Zoning code CP-O
APN NP15900000 0001
UPID US33-0518455
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
  • KANA Software (Bike/Boat/Book/etc) Store Corporate Office
  • Verint (Bike/Boat/Book/etc) Store Corporate Office
  • Johnson County Bar Association Association / Organization
  • Endure Energy LLC Electric Utility Company Electrical Substation
  • Wichman Jason MD Pediatrician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$985k
CAP Approach CAP
by Request
Comparable Approach Comparable
$959k
Blend (final) Blend
$970k
Owner & transaction history
Verne E Folkmann · 8 yrs held
Verne E Folkmann
since 2018
3 recorded transactions
2026
Price N/A
2018
Price N/A
2007
Price N/A
Zoning & alternative use
CP-O · Overland Park, KS
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general) $1.6M +72.0%
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