Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    25020 W 143Rd St Olathe, KS 66061

    Sponsored
    For Sale
    $649,950

    COMMERCIAL - Olathe, KS

    Lot size:
    5.49 Acres
    Days on Market:
    143
    Last Refresh:
    Jan 24 at 6:06 pm

    Property Features for 25020 W 143Rd St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Vegetation
    Brush
    Zoning
    NC
    APN
    DF231332-4026
    Lot size
    5.49 Acres

    Utilities

    Utilities
    Electricity Available
    Water source
    Public

    We can help!

    Listing Contact
    Char MacCallum

    EXP Realty, LLC (866) 224-1761

    Listing agent Char MacCallum (913) 451-6767

    Listing date Sep 4, 2025

    MLS# 2527829

    Copyright © 2026 Heartland Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Olathe Commercial Land Opportunity

    This commercial land is approved for a 30,000 square foot retail shopping center with approved drive-through dining. The property, which includes a house and barn, has already been through the County for zoning for a neighborhood shopping center. The 5.49-acre lot is situated in a location with many rooftops nearby, offering good potential for neighborhood business, as current conveniences are several miles away. The location is close to Olathe Lake, Prairie Highlands Golf Course, and several warehouses off 56 Hwy. According to approved plans, the property backs to a subdivision with access roads through the subdivision and 143rd St. It is also located not far from New Century Airport and other housing developments. The house on the property is being sold at no value and is currently being rented on a month-to-month basis. The zoning is currently commercial, but prospective buyers should check with the City to see if it can be changed to residential or multi-family.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Realty agency Building Supply Wholesale Shop Auto Repair Shop Clothing Store Hotel & Motel Pharmacy Department Store Kitchen & Bath

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Olathe
    County
    Johnson
    State
    Kansas
    Longitude
    -94.875448
    Latitude
    38.869462

    Nearby Similar for Sale

    • $379,900
      0.23 Acres

      Renovated Duplex in Downtown Olathe

      Newly renovated duplex near downtown Olathe, perfect for various rental strategies.
      462 S Water St, Olathe, KS 66061
      View Details
    • $258,000
      Pending

      Olathe Duplex with Spacious Yard

      Inviting duplex in Olathe with updated appliances and large yard.
      1610 E Elm Ter, Olathe, KS 66062
      View Details
    • $450,000
      0.05 Acres

      Versatile Office Space in Olathe

      Functional commercial office in downtown Olathe, near local businesses.
      115 E Park St, Olathe, KS 66061
      View Details
    • $350,000
      0.16 Acres

      Olathe Live/Work Opportunity For Sale

      Live/work property near Johnson County Courthouse and Olathe City Hall.
      104 E Poplar St, Olathe, KS 66061
      View Details
    • $200,000
      1,161 SF

      Olathe Duplex with Finished Basement

      Two-bedroom duplex with finished basement and fenced backyard in Olathe.
      21607 W 178Th Ter, Olathe, KS 66062
      View Details
    • $400,000
      0.27 Acres

      Live-Work Property Near Courthouse

      Mixed-use property in prime location, ideal for entrepreneurs.
      108 E Poplar St, Olathe, KS 66061
      View Details
    • $350,000
      Pending

      Updated Duplex in Olathe, Kansas

      Olathe duplex with one updated unit and new windows.
      801 S Grant St, Olathe, KS 66061
      View Details
    • $215,000
      1,237 SF

      Olathe Duplex with Large Backyard

      Well-maintained duplex with modern updates and spacious outdoor area.
      1472 W Loula St, Olathe, KS 66061
      View Details
    • $725,000
      0.94 Acres

      Downtown Olathe Live/Work Properties

      Commercial properties near courthouse, ideal for live/work or business.
      104 E Poplar St, Olathe, KS 66061
      View Details
    • Contact for pricing
      1,971 SF

      Freestanding Building on Main Thoroughfare

      Turnkey restaurant opportunity with high visibility and ample parking.
      14930 S Harrison St, Olathe, KS 66061
      View Details
    • $4,850,000
      8,178 SF

      Olathe Retail Investment Opportunity

      Retail property with a strong tenant and long-term lease.
      11815 S Blackbob Rd, Olathe, KS 66062
      View Details
    • $2,300,000
      3,381 SF

      New Drive-Through Restaurant Opportunity

      New construction drive-through restaurant in growing Kansas City suburb.
      14123 W 135Th St, Olathe, KS 66062
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial land approved for retail shopping center with drive-through dining.
    Where is this commercial land located?
    The property is located at 25020 W 143Rd St Olathe, KS.
    What is the asking price?
    The asking price for this property is $649,950.
    What are key features of this property?
    This property features: - Approved for a 30,000 sq ft retail shopping center with drive-through dining.; - Zoned for a neighborhood shopping center with approved plans.; - High-potential location due to nearby residential areas and lack of local conveniences.
    (913) 782-8857
    Request Owner's contact information
    25020 W 143Rd St Olathe, KS 66061
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    25020 W 143Rd St
    Olathe, KS 66061
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    25020 W 143Rd St Olathe, KS 66061
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Char MacCallum
    Real Estate License ID: BR00022449
    (913) 782-8857
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.