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    Lone Elm Rd & 56 Hwy Olathe, KS 66061

    For Sale
    $1,519,155

    7.5 acres of buildable land with highway access.

    Property size:
    12 SF
    Lot size:
    12.86 Acres

    Property Features for Lone Elm Rd & 56 Hwy

    General Information

    Size
    12 SF
    Lot size
    12.86 Acres

    Source: Nathan Anderson, SIOR, CCIM Agent Nathan Anderson, SIOR, CCIM

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Olathe Buildable Acreage For Sale

    This property offers approximately 7.5 buildable acres. It is zoned M-2 General Business and is situated within a protected business park environment. The site has a pre-designed on-site detention area. A 10-year 50% Tax Abatement is pre-approved. The location provides immediate access to I-35 via 56-Highway. The property can accommodate 30,000 – 75,000 SF subject to layout.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Olathe
    County
    Johnson
    State
    Kansas
    Longitude
    -94.8713
    Latitude
    38.8932

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    FAQs

    What type of property is this?
    Land - 7.5 acres of buildable land with highway access.
    Where is this land located?
    The property is located at Lone Elm Rd & 56 Hwy Olathe, KS.
    What is the asking price?
    The asking price for this property is $1,519,155.
    What are key features of this property?
    This property features: - Immediate access to I-35 via 56-Highway; - 10-year 50% Tax Abatement pre-approved; - Zoned M-2 General Business
    (913) 890-2001
    Request Owner's contact information
    Lone Elm Rd & 56 Hwy Olathe, KS 66061
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    Realmo Value Estimation

    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.

    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.

    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
    Lone Elm Rd & 56 Hwy Olathe, KS 66061
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