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15145 Metcalf 15145 Metcalf Ave 1,986 SF Retail Building Overland Park, KS 66223 $690,299 CAD ($347.58 CAD/SF) 5% Cap Rate



Investment Highlights
- Boutique Commercial Building | Owner-User or Investment Opportunity | High-Visibility Metcalf Corridor
Executive Summary
Exceptional opportunity to acquire a well-located, income-producing commercial property along the highly visible Metcalf Avenue corridor in Overland Park. Zoned CP-2J (Planned General Business District), this property supports a wide range of retail, service, and office uses and has a proven 25+ year history of continuous commercial occupancy. This property presents a rare dual opportunity for an owner-user seeking to establish or relocate their business, or an investor looking to lease and stabilize for long-term income. Strong rental demand has been consistently supported, with recent lease rates ranging from $2,750 to $3,550 per month. While the exterior maintains a residential aesthetic, the interior layout and long-term usage are entirely commercial—making it ideal for boutique retail, salon/wellness, professional office, or specialty service businesses seeking a distinctive, non-strip-center presence.
Key Highlights:
• CP-2J Zoning – Retail, Office, and Service Uses Permitted
• 25+ Years of Proven Commercial Use
• Strong Historical Rental Income
• Estimated Pro Forma NOI: ~$26,000
• Tenant Pays Utilities & Maintenance (Favorable Expense Structure)
• High-Visibility Location on Metcalf Corridor
• Ideal for Owner-User or Investor
• Immediate Availability for Occupancy or Lease-Up
Key Highlights:
• CP-2J Zoning – Retail, Office, and Service Uses Permitted
• 25+ Years of Proven Commercial Use
• Strong Historical Rental Income
• Estimated Pro Forma NOI: ~$26,000
• Tenant Pays Utilities & Maintenance (Favorable Expense Structure)
• High-Visibility Location on Metcalf Corridor
• Ideal for Owner-User or Investor
• Immediate Availability for Occupancy or Lease-Up
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$45,020
|
$23.82
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$45,020
|
$23.82
|
| Taxes |
$10,510
|
$5.56
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$10,510
|
$5.56
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $45,020 |
| Annual Per SF | $23.82 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $45,020 |
| Annual Per SF | $23.82 |
| Taxes (CAD) | |
|---|---|
| Annual | $10,510 |
| Annual Per SF | $5.56 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $10,510 |
| Annual Per SF | $5.56 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Freestanding
Building Size
1,986 SF
Building Class
C
Year Built
1900
Price
$690,299 CAD
Price Per SF
$347.58 CAD
Cap Rate
5%
NOI
$34,515 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
0.31 AC
Zoning
CP2J - Zoned CP-2J (Planned General Business District)
Parking
6 Spaces (3.02 Spaces per 1,000 SF Leased)
Frontage
64’ on Metcalf Ave
Amenities
- Banking
- Courtyard
- Signage
- Signalized Intersection
- Storage Space
- Air Conditioning
- Smoke Detector
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Spatique Skin Care
- Health Care and Social Assistance
- 1,252 SF
- -
- Modified Gross
- -
- TriColor Tack
- Retailer
- 1,986 SF
- -
- Modified Gross
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Spatique Skin Care | Health Care and Social Assistance | 1,252 SF | - | Modified Gross | - | |
| TriColor Tack | Retailer | 1,986 SF | - | Modified Gross | - |
Moderately walkable
60/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | NP81300001-0010 | Total Assessment | $99,543 CAD |
| Land Assessment | $62,104 CAD | Annual Taxes | $10,510 CAD ($5.29 CAD/SF) |
| Improvements Assessment | $37,439 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
NP81300001-0010
Land Assessment
$62,104 CAD
Improvements Assessment
$37,439 CAD
Total Assessment
$99,543 CAD
Annual Taxes
$10,510 CAD ($5.29 CAD/SF)
Tax Year
2025
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15145 Metcalf | 15145 Metcalf Ave
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