4750 135Th StOverland Park, KS 66224

  • Strip malls
  • 4,980 SF
For Sale
$1,995,000 View listing

Property Details for 4750 135Th St

Year built
2012
Construction
FRAME
Lot size
0.65 AC
Property size (Sq ft)
4,980 SF
Property type
Strip malls
Property subtype
Neighborhood centers
APN
HP90620000 0013
APU
HP906200000013

Description

This exceptional 5,000 square foot storefront property, located at 4750 W 135th St in Overland Park, Kansas, presents a rare investment opportunity. Built in 2012, this single-story building sits on a 0.65-acre lot and is zoned MXD, offering significant flexibility for a variety of uses. Currently configured as a multi-tenant property with three units, the building offers immediate income potential. There is 3,750 square feet currently available for lease, providing an owner-user the opportunity to occupy a portion of the space while generating rental income from the remaining units. The asking price is $1,995,000, translating to $399 per square foot. This prime location on a major thoroughfare in Johnson County ensures high visibility and accessibility, making it an ideal investment for both owner-occupiers and investors seeking a value-add opportunity. The property's strong location and flexible zoning make it a compelling investment in a thriving Kansas City area market. This is a unique chance to acquire a well-maintained, established retail building with significant upside potential.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,434,554
    6.5%
    $1,324,204
    7%
    $1,229,618
  • Comparable approach

    Method
    Valuation
    Relative Method
    $897,673
    Geo Method
    $897,673
  • Alternative Use

    Use
    Valuation
    Residential
    $1,117,015
    Hospitality
    $1,023,180
    Educational
    $851,274
    Medical
    $880,550
    Retail
    $1,324,204

Location Insight

City
Leawood
County
Johnson
State
Kansas
Latitude
38.8842
Longitude
-94.6413
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
$33,920
$92,118
$204,883
$297,001
-
$368,470
$819,530
$1,188,000

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