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    11815 S Blackbob Rd Olathe, KS 66062

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    For Sale
    $4,850,000

    Retail property with a strong tenant and long-term lease.

    Property size:
    8,178 SF
    Lot size:
    1.08 Acres

    Property Features for 11815 S Blackbob Rd

    General Information

    Size
    8,178 SF
    Lot size
    1.08 Acres

    Source: Wiggin Properties - Tulsa Agent Grant Stewart, CCIM

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

    Overview

    Olathe Retail Investment Opportunity

    This retail property is located in the primary retail corridor in Olathe, providing easy access to I-35 and serving the broader Johnson County population. The property benefits from its location surrounded by a variety of national and local retailers, including Whole Foods, Aldi, Natural Grocers, Target, and Home Depot, generating strong daytime and nighttime demand. The property is subject to an absolute net lease with over 8 years remaining. The lease includes CPI rent increases every 5 years with a 12.0% cap.
    Insight Report Location Intelligence

    Current Use by Public Records

    Big O Tires Auto Repair Shop

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Olathe
    County
    Johnson
    State
    Kansas
    Longitude
    -94.7603989
    Latitude
    38.9139354

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    FAQs

    What type of property is this?
    Retail space - Retail property with a strong tenant and long-term lease.
    Where is this retail space located?
    The property is located at 11815 S Blackbob Rd Olathe, KS.
    What is the asking price?
    The asking price for this property is $4,850,000.
    What are key features of this property?
    This property features: - Long Term Absolute Net Lease (8+ years remaining) provides stable, passive income.; - CPI Rent increases every 5 years with a 12.0% Cap protects against inflation and ensures income growth.; - Prime Retail Corridor Location in Olathe with easy access to I-35.
    (918) 645-7679
    Request Owner's contact information
    11815 S Blackbob Rd Olathe, KS 66062
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    Olathe, KS 66062
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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
    11815 S Blackbob Rd Olathe, KS 66062
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