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    Property profile & analytics

    7420 Metcalf Ave Overland Park, KS 66204

    • Retail space
    • 15,531 SF
    • 2.03 lot acres
    For Lease
    View listing
    $24 SF/Yr
    Value Estimations
    $840,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US33-0592447
    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.

    Current Use by Public Records

    • Fitness Active / Gym

    Property Details for 7420 Metcalf Ave

    Year built
    1993
    Construction
    FRAME
    Lot size
    2.03 lot acres
    Property size
    15,531 SF
    Zone code
    C2
    Property type
    Retail space
    APN
    NP24400000 000B2
    APU
    NP24400000000B2

    Description

    This exceptional Overland Park property at 7420 Metcalf Ave offers 15,531 square feet of prime commercial space, ideally suited for office or medical uses. The building, renovated in 2023, boasts a single-story design with ample parking (106 spaces). Currently, 6,693 square feet of vacant space is available, divisible into units as small as 2,500 square feet, with a maximum contiguous space of 6,693 square feet. The property is classified as Class A and features a modern, renovated interior, ready for tenant improvements. The flexible layout makes it suitable for a variety of businesses. Located in Overland Park, Kansas, 66204, near the intersection of Metcalf Avenue and 75th Street, this location provides excellent visibility and accessibility. The building is designed for multiple tenants, offering a blend of convenience and professional appeal. The available space presents a unique opportunity for businesses seeking a modern, well-maintained space in a thriving Kansas City suburb. This is a turnkey solution for businesses looking to establish or expand their operations in a highly desirable location. The ample parking ensures convenient access for employees and clients alike. Don't miss this chance to secure your ideal office space in this renovated, Class A building.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $840,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Overland Park
    County
    Johnson
    State
    Kansas
    Longitude
    -94.6684
    Latitude
    38.9941
    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
    $69,309
    $265,083
    $419,668
    $684,751
    -
    $1,060,330
    $1,678,670
    $2,739,000

    Comparable in this City

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    • Value Estimation
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      8106 Santa Fe Dr

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      7933 Conser St

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      $445,000
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      7800 Metcalf Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,969 SF
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    • Value Estimation
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      7913 Floyd St

      RETAIL STORES (PERSONAL SERVICES) • 4,488 SF
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    • Value Estimation
      $300,000
      0.14 Acres

      7913 Floyd St

      RETAIL STORES (PERSONAL SERVICES) • 0.14 Acres
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      View Details

    Similar Nearby for Sale

    • $1,950,000
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      Overland Park Retail Opportunity

      Retail property with parking in downtown Overland Park.
      8201 Metcalf Ave, Overland Park, KS 66204
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    Similar Nearby for Lease

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      8,500 SF

      Overland Park Retail Space Available

      Retail space available for rent in Overland Park, Kansas.
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    • $20 SF/Yr
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      Retail Space on Metcalf Avenue

      Retail space available for lease in Overland Park, Kansas.
      7417 Metcalf Ave, Overland Park, KS 66204
      View Details
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      795 SF

      Downtown Overland Park Retail Space

      Retail spaces available in fast-growing Downtown Overland Park.
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    • $25 SF/Yr
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      Overland Park Retail Space Available

      4,731 SF retail building on a .51 acre site.
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      View Details
    • Contact for pricing
      4,145 SF

      Overland Park Retail Space Available

      4,145 SF retail space in Overland Park for lease.
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    • Contact for pricing
      1,200 SF

      Retail Space in Johnson County

      Retail spaces available in Four Winds Shopping Center.
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      View Details
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    Overland Park, KS 66204
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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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