Calculate cap rates and net operating income for commercial properties in Kansas. Compare your results against Kansas's secondary market benchmarks sourced from CBRE H2 2025.
Kansas City straddles the Kansas-Missouri border, with Johnson County (Overland Park, Leawood) on the Kansas side being a strong suburban submarket for office and retail. Wichita is the aviation manufacturing capital (Boeing, Spirit AeroSystems, Cessna), driving specialized industrial demand. Agricultural processing and distribution support logistics properties.
| Property Type | Typical Low % | Typical High % |
|---|---|---|
| Multifamily | 6.0% | 8.0% |
| Industrial | 6.0% | 8.0% |
| Retail | 6.5% | 8.5% |
| Office | 7.0% | 9.5% |
Benchmarks sourced from CBRE H2 2025 Cap Rate Survey, JP Morgan, Matthews, and Cushman & Wakefield market data. Ranges represent typical stabilized assets — actual rates vary by asset quality, location, and market conditions.
Kansas cap rates typically range from 6.0–8.0% for multifamily and industrial, 6.5–8.5% for retail, and 7.0–9.5% for office. The Kansas City metro (Johnson County side) tends toward lower rates while Wichita and rural Kansas markets have higher yields.
Wichita is known as the 'Air Capital of the World,' home to major aerospace manufacturers including Boeing, Spirit AeroSystems, Cessna, and Beechcraft. This creates specialized industrial demand for high-bay manufacturing facilities, precision parts suppliers, and aerospace supply chain operations that are distinct from standard logistics/distribution industrial.
Johnson County (Overland Park, Leawood) is the affluent suburban submarket of the Kansas City metro and offers among the strongest retail and office fundamentals in Kansas. The area's high household incomes, corporate office presence (Sprint/T-Mobile HQ), and upscale retail make it competitive with primary market suburbs.
This tool is for informational and educational reference only and does not constitute real estate investment advice. Cap rate benchmarks are estimates based on published industry surveys and may not reflect current conditions in your specific market, submarket, or asset class. Actual cap rates vary significantly based on property condition, location, tenant quality, lease terms, and local market dynamics. Always consult a licensed commercial real estate broker, appraiser, or investment advisor before making real estate investment decisions.