Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Versatile Flex Space Available Now Title is generated by Realmo AI

    17120 W 118th Ter, Olathe, KS

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Adaptable space suitable for office, flex, lab, or medical uses.

    Type:OFFICE
    Property size:
    58,827 SF
    Lot size:
    14.18 Acres
    Added:
    Feb 28, 2025
    Days on Market:
    439
    Last Refresh:
    Apr 5 at 9:53 pm

    Property Features for 17120 W 118th Ter

    General Information

    Standard status
    Active
    Size
    58,827 SF
    Lot size
    14.18 Acres
    Property subtype
    OFFICE

    Spaces For Lease

    at 17120 W 118th Ter Contact us

    We can help!

    Listing Contact
    Paul Fogel, SIOR

    Listing agent Paul Fogel, SIOR

    Listing office Karbank Real Estate Company, LLP/CORFAC International - KS/MO

    Listing date Feb 28, 2025

    Source Moodyscre

    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 Karbank Real Estate Company, LLP/CORFAC International - KS/MO

    HighLights

    • Excellent access to I‑35 and 119th Street
    • Flexible space suitable for various uses: office, flex, lab, medical, manufacturing, call center, or training room
    • Expandable to 81,276 SF
    • All furniture included
    • Benefit from dock‑high and drive‑in loading
    • Available immediately

    Overview

    This 58,827 square foot property offers flexible space suitable for various uses, including office, flex, lab, medical, and manufacturing. It can also accommodate a call center or a training room for 100 people. The property features dock-high and drive-in loading capabilities. Multiple conference rooms and breakrooms are available. The space benefits from abundant natural light and high ceilings throughout. All furniture is included. The property is expandable to 81,276 square feet. Parking is available at a ratio of 5-8 spaces per 1,000 square feet. The location provides excellent access to I-35 and 119th Street. The property is available immediately with a base rent of $12.95/SF NNN.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Olathe
    County
    Johnson
    State
    Kansas
    Longitude
    -94.7832
    Latitude
    38.9159

    Nearby Similar for Lease

    • $4,290/Mo

      Olathe Office Warehouse with Storage

      Office warehouse with outdoor storage and climate control system.
      2133 E Kansas City Road, Olathe, KS 66061
      View Details
    • Contact for pricing

      Olathe Commercial Flex/Warehouse Space

      Flex, industrial, warehouse, and office suites available for lease.
      15559 S Mahaffie Street, Olathe, KS 66062
      View Details
    • $750/Mo

      Olathe Office Space Available

      Office space for rent, ideal for small business owners.
      2135 E Kansas City suite B Road, Olathe, KS 66061
      View Details
    • $12 SF/Yr

      Olathe Industrial Flex Space

      Industrial flex space with outside storage and office space.
      300 N Marion St, Olathe, KS
      View Details
    • $21 SF/Yr

      Retail Space in Grocery-Anchored Center

      Retail spaces available in a high-traffic, grocery-anchored shopping center.
      15225-15257 W. 135th, Olathe, KS 66062
      View Details
    • Contact for pricing

      Olathe Office Space Sublease

      102,035 SF office space available for sublease in Olathe.
      10551 S Ridgeview Rd, Olathe, KS 66061
      View Details
    • Contact for pricing

      Olathe Office Space Available

      Office space available for rent in Olathe, Kansas.
      18103 W 106th St, Olathe, KS 66061
      View Details
    • $6 SF/Yr

      Industrial Warehouse Space Available

      Industrial warehouse space for lease at 56 Hwy & S Lone Elm Rd.
      1202 South Lone Elm Road, Olathe, KS, 66061
      View Details
    • Contact for pricing

      Olathe Commercial Property For Rent

      Commercial property available for rent in Olathe, Kansas.
      14941 West 119th Street, Olathe, KS 66062
      View Details
    • $41,082 SF/Yr

      Olathe Flex Space Available

      Flex space available at Lindenwood Business & Technical Center.
      520 - 580 N. Rogers Rd, Olathe, KS 66062
      View Details
    • Contact for pricing

      Olathe Warehouse Space Available

      21,000 sq ft warehouse space for lease in Olathe.
      15770 S Theden St, Olathe, KS 66062
      View Details
    • $1,325/Mo

      Olathe Warehouse Space for Rent

      Versatile warehouse spaces with drive-in doors and ample parking.
      2105 E Kansas City Rd, Olathe, KS
      View Details

    FAQs

    What type of property is this?
    Office units - Adaptable space suitable for office, flex, lab, or medical uses.
    Where is this office units located?
    The property is located at 17120 W 118th Ter Olathe, KS.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: Excellent access to I‑35 and 119th Street; Flexible space suitable for various uses: office, flex, lab, medical, manufacturing, call center, or training room; Expandable to 81,276 SF
    (816) 456-2762 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Paul Fogel, SIOR
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    17120 W 118th Ter, Olathe, KS
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!