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

    7500 Metcalf Ave Overland Park, KS 66204-2926

    • Retail space
    • 15,014 SF
    • 0.57 lot acres
    OFF-MARKET
    Last Sale
    May 29, 2024
    Value Estimations
    $2,500,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US33-0534865
    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

    • Julie Merchant, ARNP / Nurse Practitioner
    • Continental Property / Real Estate Developer / Real Estate
    • Stephanie M Revels, MD / Family Practice Physician
    • LibertyX Bitcoin ATM / Atm
    • Sarah Lenkiewicz, ARNP / Nurse Practitioner

    Property Details for 7500 Metcalf Ave

    Year built
    1997
    Construction
    FRAME
    Lot size
    0.57 lot acres
    Property size
    15,014 SF
    Zone code
    C3
    Property type
    Retail space
    APN
    NP42800000 0001A
    APU
    NP428000000001A

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,915,000
      6.5%
      $2,690,000
      7%
      $2,500,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,310,000
      Market price range: $650k - $2.31M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,595,000
      Current use
      RESTAURANT
      $2,605,000
      Change: +63% Conversion: Easy
      OFFICE BUILDING
      $1,780,000
      Change: +11% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Overland Park
    County
    Johnson
    State
    Kansas
    Longitude
    -94.6681
    Latitude
    38.9926
    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
    $47,686
    $74,508
    $401,993
    $476,501
    -
    $298,030
    $1,607,970
    $1,906,000

    Comparable in this City

    • Value Estimation
      $1,040,000
      9,320 SF

      7740 Metcalf Ave

      RETAIL STORES (PERSONAL SERVICES) • 9,320 SF
      7740 Metcalf Ave, Overland Park, KS 66204-2930
      View Details
    • Value Estimation by Request
      7,224 SF

      7600 Metcalf Ave

      RETAIL STORES (PERSONAL SERVICES) • 7,224 SF
      7600 Metcalf Ave, Overland Park, KS 66204-2928
      View Details
    • Value Estimation by Request
      2,520 SF

      8130 Metcalf Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,520 SF
      8130 Metcalf Ave, Overland Park, KS 66204-3849
      View Details
    • Value Estimation by Request
      7,216 SF

      7415 Metcalf Ave

      RETAIL STORES (PERSONAL SERVICES) • 7,216 SF
      7415 Metcalf Ave, Overland Park, KS 66204-1975
      View Details
    • Value Estimation by Request
      3,844 SF

      7927 Floyd St

      RETAIL STORES (PERSONAL SERVICES) • 3,844 SF
      7927 Floyd St, Overland Park, KS 66204-3724
      View Details
    • Value Estimation by Request
      0.19 Acres

      7607 Floyd St

      RETAIL STORES (PERSONAL SERVICES) • 0.19 Acres
      7607 Floyd St, Overland Park, KS 66204
      View Details

    Similar Nearby for Sale

    • $1,950,000
      9,500 SF

      Overland Park Retail Opportunity

      Retail property with parking in downtown Overland Park.
      8201 Metcalf Ave, Overland Park, KS 66204
      View Details
    • Contact for pricing
      1,704 SF

      Overland Park Retail Opportunity

      Retail building in downtown Overland Park with high visibility.
      8139 Metcalf Ave, Overland Park, KS 66204
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    • $950,000
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      Metcalf Ave Retail Investment

      Overland Park retail property, high potential.
      7601 Metcalf Ave, Overland Park, KS 66204
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    • Contact for pricing
      26 SF

      Modern Office Space For Sale

      Office space for sale with ample parking and easy access.
      6740 Antioch Rd, Overland Park, KS 66204
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    • $525,000
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      Overland Park Office Space

      Office space available for sale in Overland Park, Kansas.
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    • $195,000

      Overland Park Development Land

      7,560 sq ft lot, prime location
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    Similar Nearby for Lease

    • Contact for pricing
      8,500 SF

      Overland Park Retail Space Available

      Retail space available for rent in Overland Park, Kansas.
      7201 W 80Th St, Overland Park, KS 66204
      View Details
    • Contact for pricing
      795 SF

      Downtown Overland Park Retail Space

      Retail spaces available in fast-growing Downtown Overland Park.
      7224 W 79Th St, Overland Park, KS 66204
      View Details
    • $25 SF/Yr
      4,731 SF

      Overland Park Retail Space Available

      4,731 SF retail building on a .51 acre site.
      7903 Metcalf Ave, Overland Park, KS 66204
      View Details
    • Contact for pricing
      4,145 SF

      Overland Park Retail Space Available

      4,145 SF retail space in Overland Park for lease.
      7109 W 80Th St, Overland Park, KS 66204
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space in Johnson County

      Retail spaces available in Four Winds Shopping Center.
      7931-7937 Frontage Rd, Overland Park, KS 66204
      View Details
    • Contact for pricing
      73,650 SF

      Overland Park Retail Opportunity

      Rare retail space in high-traffic, affluent Overland Park area.
      7000 W 75Th St, Overland Park, KS 66204
      View Details

    Property Visit Statistics

    • Visits by month
      16.6k
    • Visitors by month
      11.3k
    • Avg Time on site
      11 min
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    Overland Park, KS 66204-2926
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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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