5350 94Th TerPrairie Village, KS 66207

Property Details for 5350 94Th Ter

Year built

1979

Construction

CONCRETE

Lot size

0.66 AC

Property size (Sq ft)

11,462 SF

Zone code

CP1

Property type

Office properties

APN

OF251233-2020

APU

OF2512332020

Description

This exceptional two-suite office building, totaling 10,500 square feet, presents a rare opportunity in Johnson County. Built in 1985, this Class B property offers convenient walkout access to each of its two floors, eliminating the need for elevators or stairs. Suites range from 1,545 to 1,690 contiguous square feet, with a minimum divisible space of 1,545 square feet. The building boasts attractive features including prominent signage opportunities, covered parking with a 5:1000 ratio, and individually controlled HVAC systems for optimal climate control. On-site management ensures seamless operations. Its strategic location offers unparalleled convenience, situated adjacent to a vibrant mix of retailers, restaurants, and the new Meadowbrook Park, providing employees with a wealth of amenities within easy reach. This property is ideal for businesses seeking a well-maintained, accessible, and conveniently located office space in a thriving Johnson County community. The building is a two-story structure with multiple tenancies.

• CAP approach

  CAP return

  Valuation

  6%

  $2,246,108

  6.5%

  $2,073,330

  7%

  $1,925,235

• Comparable approach

  Method

  Valuation

  Relative Method

  $819,877

  Geo Method

  $819,877

• Alternative Use

  Use

  Valuation

  Residential

  $2,570,930

  Hospitality

  $2,354,958

  Educational

  $1,959,297

  Medical

  $2,026,680

  Retail

  $3,047,796

Location Insight

City

Prairie Village

County

Johnson

State

Kansas

Latitude

38.9584

Longitude

-94.648

CBSA code

28140

CBSA name

KANSAS CITY, MO-KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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