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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    7421 129Th St Overland Park, KS 66213

    • Office Properties & Spaces
    • 50,200 SF
    • 3.17 lot acres
    For Lease
    View listing
    $25 SF/Yr
    Value Estimations
    $1,155,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US33-0277905
    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

    • Kansas Gas Service / Gas Company
    • TEKsystems / Employment Agency / Business Management Consultant

    Property Details for 7421 129Th St

    Year built
    1997
    Construction
    CONCRETE
    Lot size
    3.17 lot acres
    Property size
    50,200 SF
    Zone code
    CP-O
    Property type
    Office Properties & Spaces
    APN
    NP79570000 0007
    APU
    NP795700000007

    Description

    Southcreek VI, a three-story Class B office building, offers 48,687 square feet of executive office space in Overland Park, Kansas. Located at 7421 W 129th St, zip code 66213, this property boasts a prime location in southern Johnson County. Built in 1997, the entire building (48,687 square feet) is currently available for lease as a single, multi-tenant space. The building's multiple floors provide ample room for a variety of business needs. This presents a unique opportunity for a company seeking significant office space in a well-established area. The property's size and layout are ideal for businesses requiring substantial square footage. With its convenient location and substantial space, Southcreek VI is an excellent choice for companies seeking a prominent presence in Overland Park. The building's 1997 construction date offers a balance of established infrastructure and potential for modern updates. The address is easily accessible, offering convenient access for employees and clients alike. This is a rare opportunity to lease a substantial, entire building in a desirable location. Interested parties should inquire promptly to secure this exceptional space.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $1,115,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,192,000
      Market price range: $960k - $1.59M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,190,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Overland Park
    County
    Johnson
    State
    Kansas
    Longitude
    -94.673
    Latitude
    38.8951
    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
    $147,572
    $310,875
    $1,183,875
    $1,494,750
    -
    $1,243,500
    $4,735,500
    $5,979,000

    Comparable in this City

    • Value Estimation
      $270,000
      0.13 Acres

      Overland Park, KS 66213

      OFFICE (GENERAL) • 0.13 Acres
      Overland Park, KS 66213
      View Details
    • Value Estimation by Request
      1,885 SF

      Overland Park, KS 66213

      CONDOMINIUM OFFICES • 1,885 SF
      Overland Park, KS 66213
      View Details
    • Value Estimation
      $1,140,000
      81,596 SF

      12035 Metcalf Ave

      CONDOMINIUM OFFICES • 81,596 SF
      12035 Metcalf Ave, Overland Park, KS 66213-1121
      View Details
    • Value Estimation
      $425,000
      4,839 SF

      Overland Park, KS 66213

      CONDOMINIUM OFFICES • 4,839 SF
      Overland Park, KS 66213
      View Details
    • Value Estimation
      $865,000
      38,275 SF

      7301 129th St

      OFFICE (GENERAL) • 38,275 SF
      7301 129th St, Overland Park, KS 66213-2632
      View Details
    • Value Estimation
      $925,000
      33,896 SF

      7311 130th St

      OFFICE (GENERAL) • 33,896 SF
      7311 130th St, Overland Park, KS 66213-2718
      View Details

    Similar Nearby for Sale

    • $2,221,380
      10,836 SF

      Overland Park Office Building For Sale

      10,836 SF office building with existing income.
      9201 W 133Rd St, Overland Park, KS 66213
      View Details
    • Contact for pricing
      39,264 SF

      Overland Park Office Building

      Upscale office building with flexible floor plan in Overland Park.
      7400 W 129Th St, Overland Park, KS 66213
      View Details
    • $650,000
      1.79 Acres

      Overland Park Flex-Space Ownership Opportunity

      Rare opportunity to own commercial real estate in Overland Park.
      12647 Hemlock St, Overland Park, KS 66213
      View Details
    • $600,000
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      Overland Park Flex-Space Opportunity

      Commercial flex-space for sale in thriving Overland Park market.
      12651 Hemlock St, Overland Park, KS 66213
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    • Contact for pricing
      6.90 Acres

      Overland Park Commercial Land

      6.9 Acres, Prime Location, Build-to-Suit
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      View Details
    • Contact for pricing
      3,780 SF

      Overland Park Retail Center Investment

      Prime Retail Space, Overland Park, KS
      0 Overland Pkwy, Overland Park, KS 66213
      View Details

    Similar Nearby for Lease

    • $24 SF/Yr
      56,142 SF

      Overland Park Office Space Available

      Modern Office Suites, South Johnson County
      7450 130Th St, Overland Park, KS 66213
      View Details
    • $23 SF/Yr
      53,518 SF

      Overland Park Office Space Available

      Modern Office Building, 2,300 sq ft Available
      7400 132Nd St, Overland Park, KS 66213
      View Details
    • $19 SF/Yr
      24,206 SF

      Southcreek I Office Space Available

      Overland Park Office Building, 24,206 SF
      12900 Metcalf Ave, Overland Park, KS 66213
      View Details
    • $25 SF/Yr
      48,687 SF

      Southcreek VI Executive Offices

      Overland Park Office Space Available
      7421 129Th St, Overland Park, KS 66213
      View Details
    • $23 SF/Yr
      37,097 SF

      Overland Park Office Space Available

      Modern Office Building, 37,097 SF Available
      7301 129Th St, Overland Park, KS 66213
      View Details
    • $24 SF/Yr
      69,470 SF

      Southcreek XVI Office Space Available

      Overland Park Office Building - 69,470 SF Available
      7311 132Nd St, Overland Park, KS 66213
      View Details
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    Overland Park, KS 66213
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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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