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    22640 119Th St Olathe, KS 66061

    For Sale
    $850,000

    Prime Olathe location, ideal for development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 4.88-acre residential land parcel presents a remarkable development opportunity in Olathe, Kansas. Located at 22640 W 119th Street, zip code 66061, this property is situated in Johnson County, just west of Ranch Villas of Greyson Place and Milbrooke Elementary School, providing convenient access to schools, shopping, and recreational facilities. Its strategic location offers easy connectivity to major transportation routes, enhancing its appeal for residential development. According to the City of Olathe Planning Department, the property is suitable for low-density single-family home development. The asking price is $850,000. This listing includes one parcel; however, there is an opportunity to purchase a second adjacent parcel (MLS # 2497774) to expand the development potential. The property's coordinates are 38.911434 latitude and -94.8476 longitude. This presents a unique chance to acquire a significant land holding in a thriving Kansas community. Serious inquiries are encouraged.

    Property Features for 22640 119Th St

    General Information

    Property type
    Land
    Lot Size
    212,573 SF

    HighLights

    • $850,000 asking price for 4.88 acres of residential land.
    • Located in Olathe, KS, at 22640 W 119th Street, zip code 66061.
    • Prime development land near K‑7 and 119th Street, suitable for low‑density single‑family homes.
    • Conveniently located near schools, shopping, and major transportation routes.
    • Sold in conjunction with MLS # 2497774 (potential for larger development).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Building Supply Dental Office Clothing Store Gym & Fitness Kitchen & Bath Accounting Firm HVAC Service Garden Center Electrical Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Olathe
    County
    Johnson, KS
    State
    Kansas
    Longitude
    -94.8476
    Latitude
    38.911434

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    FAQs

    What type of property is this?
    Land - Prime Olathe location, ideal for development.
    Where is this land located?
    The property is located at 22640 119Th St Olathe, KS.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: $850,000 asking price for 4.88 acres of residential land.; Located in Olathe, KS, at 22640 W 119th Street, zip code 66061.; Prime development land near K-7 and 119th Street, suitable for low-density single-family homes.
    Request Owner's contact information
    22640 119Th St Olathe, KS 66061
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    Olathe, KS 66061
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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
    22640 119Th St Olathe, KS 66061
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