Olathe Retail Investment
11912 South Strang Line Road Olathe, KS 66062
11912 South Strang Line Road, Olathe, KS, 66062
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For Sale
Contact for pricing
Premier retail plaza in Olathe, Kansas with high traffic.
Property Size47,562 SF
Price / SF$302.27
Days on Market57
Property Features for 11912 South Strang Line Road
General Information
- Standard status
- Active
- Size
- 47,562 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1997
Listing Agency
DDM Real Estate LLC
Listed by
Doug McFadden · License #KS 00045197
Source
Crexi
Added: May 21 Checked: Jul 16 at 12:25 pm
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of DDM Real Estate LLC
Investment Insights
Based on property information with market context.
The property is a retail investment opportunity located in Olathe, Kansas. The surrounding area has strong demographics, including high discretionary incomes, with a median household income of over $112,000, and a lower cost of living than the national average. The location provides accessibility via I-35, with over 118,000 vehicles per day, and 119th Street, with over 31,400 vehicles per day, ensuring continuous high traffic volume. The property benefits from the draw of nearby major retailers, such as Bass Pro Shops, which contributes to over 200 million visitors annually across its network. The property size is 47562 square feet. Olathe's population is growing steadily, reaching an estimated 151,377 by 2025.
Key Highlights
- Superior demographics with high discretionary incomes (median household income over $112,000).
- Exceptional accessibility via I‑35 (over 118,000 vehicles/day) and 119th Street (over 31,400 vehicles/day).
- Strategic location adjacent to major retailers like Bass Pro Shops (over 200 million visitors annually across its network).
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $684.9k | $14.40 |
| − Vacancy | −$27.4k | −$0.58 |
| EGI | $657.5k | $13.82 |
| − OpEx | −$197.2k | −$4.15 |
| NOI | $460.2k | $9.68 |
47,562 SF · lease $14.40/SF/yr · vacancy 4.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$6.57M
$5.75M – $7.67M
NOI $460,248 @ 7.0% cap · market cap 3.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$14.06M
$12.30M – $16.40M
NOI $983,963 @ 7.0% cap · market cap 6.84%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Baskin-Robbins
Grocery & Convenience Store
Similar For Sale Nearby
Similar Off Market Nearby
- Olathe Pointe — 119th & Blackbob Rd, 66062 W 119th St, Olathe, KS 66062
- Olathe Gateway — w 119th st, olathe, ks 66061
- Sunglass Outfitters by Sunglass Hut — 12051 Bass Pro Dr, Olathe, KS 66061
- Olathe Station — 15135 W 119th St, Olathe, KS 66062
- Northridge Plaza — 15380 W 119th St, Olathe, KS 66062
FAQs
What type of property is this?
Shopping center - Premier retail plaza in Olathe, Kansas with high traffic.
Where is this shopping center located?
The property is located at 11912 South Strang Line Road Olathe, KS.
What is the asking price?
The asking price for this property is $14,376,400.
What are key features of this property?
This property features: Superior demographics with high discretionary incomes (median household income over $112,000).; Exceptional accessibility via I‑35 (over 118,000 vehicles/day) and 119th Street (over 31,400 vehicles/day).; Strategic location adjacent to major retailers like Bass Pro Shops (over 200 million visitors annually across its network).
