Office Units with
For Sale
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15385 US 169 Highway S, Olathe, KS 66062
Office suites feature laminate flooring, with parking and restroom access available.
Property Size7,500 SF
Price / SF$0.23
Days on Market65
Property Features for 15385 US 169 Highway S
General Information
Standard status
Active
Size
7,500 SF
Property subtype
Office
Additional Details
Utilities to Site
Yes
Property Use
Office
Amenities
storage space
laminate flooring
restrooms
Building Details
Year Built
1978
Listing Agency:
Crown Realty
(913) 837-5155
Listed By:
Mike Miller · License #SP00009517
(913) 206-2060
Source:
Legendaryapartmentbrokers
Added: Aug 28
Changed: Oct 30
Last Checked: Oct 28 at 3:32PM
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 Crown Realty
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Investment Insights
Based on property information with market context.
This office property includes multiple room configurations measuring 20' X 11', 27' X 8', 20' X 11', 12' X 12' and 9' X 12'. Laminate flooring is installed, and restrooms are available. Storage space and parking are also offered. The building dates to 1978.
The property is on US 169 Highway S in Olathe, Kansas. Utilities are included in the stated rental rate.
The property is on US 169 Highway S in Olathe, Kansas. Utilities are included in the stated rental rate.
Key Highlights
- Office configurations include 20' X 11', 27' X 8', 20' X 11', 12' X 12' and 9' X 12' rooms
- Storage space and parking are available
- Laminate flooring and access to restrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$103,275
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,065,500
$2.1M
Cap Rate 7%
$1,475,357
$1.5M
Cap Rate 9%
$1,147,500
$1.1M
Market Conditions
NOI Build-Up for 7,500 SF
Gross rent
$162.0K $21.60/SF
− Vacancy
−$24.3K −$3.24/SF
EGI
$137.7K $18.36/SF
− OpEx
−$34.4K −$4.59/SF
NOI
$103.3K $13.77/SF
Area
Olathe, KS
Vacancy
15.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,065,500
Cap Rate 7%
$1,475,357
Cap Rate 9%
$1,147,500
Alternative Uses
Best Use
Office B
$1.48M
$1.29M – $1.72M
NOI $103,275 @ 7.0% cap · market cap 6,075.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.22M
$1.94M – $2.59M
NOI $155,160 @ 7.0% cap · market cap 9,127.06%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
899
Businesses Nearby
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - Office suites feature laminate flooring, with parking and restroom access available.
Where is this office unit located?
The property is located at 15385 US 169 Highway S Olathe, KS.
What are key features of this property?
This property features: Office configurations include 20' X 11', 27' X 8', 20' X 11', 12' X 12' and 9' X 12' rooms; Storage space and parking are available; Laminate flooring and access to restrooms
