Olathe Retail Investment
For Sale
Contact for pricing
11912 South Strang Line Road, Olathe, KS 66062
Premier retail plaza in Olathe, Kansas with high traffic.
Property Size47,562 SF
Price / SF$302.27
Days on Market78
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
Changed: Jul 10
Last Checked: Aug 5 at 3:09PM
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).
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 authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
715
Businesses Nearby
953k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 36%
Superstores 16%
Shops & Services 15%
Apparel 12%
Target
Superstores
156,618 visits/mo
0.2 miles
AMC DINE-IN Studio 28
Leisure
62,253 visits/mo
0.3 miles
Chick-fil-A
Dining
54,632 visits/mo
0.4 miles
Michaels
Shops & Services
48,570 visits/mo
0.5 miles
The Home Depot
Home Improvements & Furnishings
44,339 visits/mo
0.2 miles
Demographics for 66062, KS
77,553
Population
29,350
Households
2.6
Avg Household Size
36
Median Age
53%
College-Educated
96%
High-School Grad
42.1 sq mi
ZIP Area
1,842
Density / Sq Mi
$116,248
Median Household Income
$55,718
Median Earnings
$1,349
Median Rent
$342,700
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
Frequently Asked Questions
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).
