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    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
    2018
    2007
    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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    More about this property
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