Overland Park, Kansas, is an attractive destination for investors seeking to capitalize on the city's growing economy and strategic location. With 151 commercial real estate listings available for sale, investors have a wide range of options to choose from. Commercial real estate in Overland Park represents a diverse array of investments, including office buildings, retail spaces, and industrial properties, offering opportunities for businesses and entrepreneurs to establish a strong presence in the region. The city's amenities, infrastructure, and location make it an ideal place to invest in commercial real estate. Overland Park is home to several major companies, including Black & Veatch, Ash Grove Cement Company, and Compass Minerals, and is actively seeking to attract technology firms. The city's below-average cost of living, with a median home value of $225,000 as of 2014, also makes it an attractive option for businesses and residents alike. Additionally, Overland Park's proximity to Kansas City, Missouri, and its access to major highways, including Interstate 435 and U.S. Route 69, make it a great place for business and travel, with attractions like the Overland Park Arboretum and Botanical Gardens and the Scheels Overland Park Soccer Complex.
Overland Park's commercial real estate market is characterized by an average price per square foot of $232 USD, with an average size of 40,352 square feet and a largest size of 1,004,380 square feet. The average cap rate for commercial real estate in Overland Park is 7.42%. In addition to commercial real estate, Overland Park also offers a range of other property types, including industrial properties, which are ideal for businesses that require large spaces for manufacturing and distribution; apartment buildings, which offer a steady income stream for investors; office properties, which provide a professional environment for businesses; and hotels, which cater to the city's growing tourism industry. With its strong economy, excellent infrastructure, and diverse range of property types, Overland Park is an attractive destination for investors seeking to capitalize on the city's growth and development.
What financing options are available for purchasing commercial real estate?
When it comes to financing options for purchasing commercial real estate in Overland Park, Kansas, there are several alternatives to consider, including:
- Traditional commercial mortgages offered by banks and credit unions, which typically require a 20-30% down payment and offer fixed or adjustable interest rates;
- Small Business Administration (SBA) loans, which provide more favorable terms, such as lower down payments and longer repayment periods, for qualified small businesses;
- Private money lenders and hard money loans, which offer shorter-term, higher-interest financing options for investors and developers who need quick access to capital.
How do cap rates factor into commercial real estate purchases?
When considering commercial real estate purchases in Overland Park, Kansas, cap rates play a crucial role in determining the potential return on investment. With an average cap rate of 7.42%, investors can gauge the property's potential income generation and make informed decisions about their investment.
For those new to commercial real estate, understanding cap rates is essential. As explained in our article on what is a cap rate, this metric represents the rate of return based on the property's net operating income and its market value. In Overland Park, where there are currently 151 available listings of commercial real estate, a thorough understanding of cap rates can help investors navigate the market and find opportunities that align with their investment goals.
What is considered a commercial property?
In Overland Park, Kansas, a commercial property is typically defined as a building or land used for business or commercial purposes, such as office spaces, retail stores, restaurants, warehouses, and other types of properties that generate income. With 151 available listings of commercial real estate in Overland Park, investors and business owners have a range of options to choose from, with average prices per square foot of $232 USD and average sizes of 40,352 square feet, making it an attractive location for commercial investment.
