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

    7620 Metcalf Ave Overland Park, KS 66204-2907

    • Strip malls
    • 22,166 SF
    • 0.93 lot acres
    OFF-MARKET
    Last Sale
    Aug 18, 2021
    Value Estimations
    $1,110,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US33-0328790
    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

    • Sarah Holthe / Speech Pathologist
    • Pizza Hut / Pizza Delivery / Pizza Takeout
    • La Mexicanita / Supermarket
    • Scooter World / Motorcycle Parts Store / Scooter Repair Shop
    • Helen M. Snow, OTR / Occupational Therapist

    Property Details for 7620 Metcalf Ave

    Year built
    1986
    Construction
    FRAME
    Lot size
    0.93 lot acres
    Property size
    22,166 SF
    Zone code
    CP3
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    NP42800000 0013A
    APU
    NP428000000013A

    Description

    Oakbrook Plaza, located at 7620 Metcalf Ave in Overland Park, Kansas (zip code 66204), offers exceptional retail or office space for lease. This single-tenant property boasts a total building size of 25,211 square feet and is situated in Johnson County. The available space ranges from 1,406 to 3,298 square feet, providing flexibility for various business needs. The property's classification as both retail and office space allows for diverse occupancy options. Its convenient Overland Park location offers excellent visibility and accessibility, making it an ideal choice for businesses seeking a prominent presence in a thriving market. The property is categorized as commercial real estate and presents a unique opportunity for businesses looking to establish or expand their operations in a prime Kansas location. The address is easily accessible and well-suited for attracting customers and clients. This single-tenant building provides a controlled and focused environment for your business. Further details regarding lease terms and conditions are available upon request. Contact us to schedule a viewing and explore the possibilities of establishing your business at Oakbrook Plaza.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $910,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,309,000
      Market price range: $936k - $1.68M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $1,305,000
      Current use
      AUTO REPAIR, GARAGE
      $1,595,000
      Change: +22% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $1,440,000
      Change: +10% Conversion: Easy
      WAREHOUSE, STORAGE
      $1,265,000
      Change: -3% Conversion: Difficult

    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
    38.9905
    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
    $53,118
    $122,143
    $454,358
    $576,501
    -
    $488,570
    $1,817,430
    $2,306,000

    Comparable in this City

    • Value Estimation by Request
      0.16 Acres

      8216 Metcalf Ave

      SHOPPING CENTER, STRIP CENTER • 0.16 Acres
      8216 Metcalf Ave, Overland Park, KS 66204-3847
      View Details
    • Value Estimation
      $1,250,000
      22,836 SF

      6801 75th St

      SHOPPING CENTER, STRIP CENTER • 22,836 SF
      6801 75th St, Overland Park, KS 66204-3026
      View Details
    • Value Estimation by Request
      0.24 Acres

      10230 75th St

      SHOPPING CENTER, STRIP CENTER • 0.24 Acres
      10230 75th St, Overland Park, KS 66204-2230
      View Details
    • Value Estimation by Request
      0.32 Acres

      7000 83rd St

      SHOPPING CENTER, STRIP CENTER • 0.32 Acres
      7000 83rd St, Overland Park, KS 66204-3958
      View Details
    • Value Estimation by Request
      4,414 SF

      7224 79th St

      SHOPPING CENTER, STRIP CENTER • 4,414 SF
      7224 79th St, Overland Park, KS 66204-2904
      View Details
    • Value Estimation
      $595,000
      12,920 SF

      7046 76th St

      SHOPPING CENTER, STRIP CENTER • 12,920 SF
      7046 76th 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.
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    • $950,000
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      Metcalf Ave Retail Investment

      Overland Park retail property, high potential.
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    • $2,100,000
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      Two-Story Office Building For Sale

      Two-story, 26,626 SF office building with basement storage.
      6740 Antioch Rd, Overland Park, KS 66204
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      30,000 SF

      Merriam Office Space Available

      Office spaces with abundant parking and planned common area improvements.
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    • Contact for pricing
      26 SF

      Modern Office Space For Sale

      Office space for sale with ample parking and easy access.
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    Similar Nearby for Lease

    • 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
    • $24 SF/Yr
      15,531 SF

      Overland Park Office Space Available

      Class A Office, Medical, Retail Space
      7420 Metcalf Ave, Overland Park, KS 66204
      View Details
    • 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
    • $12 SF/Yr
      9,700 SF

      Overland Park Showroom with Warehouse

      9,700 SF showroom, office, and warehouse space for sublease.
      7501 Metcalf Ave, Overland Park, KS 66204
      View Details
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    7620 Metcalf Ave
    Overland Park, KS 66204-2907
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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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