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    873 Parker St Olathe, KS 66061

    Sponsored
    For Lease
    $14 SF/Yr

    Olathe, KS: Prime Retail Space Available

    Lot size:
    96,422 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    Southwest Plaza, located at 873 S Parker St, Olathe, KS 66061, presents a compelling investment opportunity. This single-story, 96,422 square foot Class B shopping center, built in 1984, sits on a 15-acre lot at the northwest corner of K7 Highway and Dennis Street. The property boasts excellent visibility and high traffic counts due to its strategic location. Currently 95% occupied, Southwest Plaza offers multiple suites, ranging from a minimum of 2,000 square feet to a maximum contiguous space of 3,050 square feet. There are a total of 18 suites within the building. The property features a 10% load factor and currently has 5,100 square feet of vacant space. Ample parking is available with 230 spaces. The property's building floor area ratio (FAR) is 0.4. Property taxes are $2 per square foot. The center is anchored by Dollar Tree, Maj-R Thrift, and Retail Rebel, indicating a strong existing tenant base and a service-based tenancy. This retail center is ideal for businesses seeking high visibility and access to a thriving Olathe, Kansas community.

    Property Features for 873 Parker St

    General Information

    Property type
    Lifestyle centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    96,422 SF
    Class
    B
    Total Rate
    112492.33

    Building Details

    Year Built
    1984
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    909 C
    Size
    3,050 SF
    Rate per SF
    $14
    Space
    911 D
    Size
    2,050 SF
    Rate per SF
    $14

    HighLights

    • Exceptional multi‑tenant retail shopping center.
    • NNN lease structure.
    • $14 per square foot rent.
    • $2 per square foot taxes.
    • $2.50 per square foot CAM charges.
    • $0.50 per square foot insurance.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail Rebel - Olathe Wholesaler Southwest Plaza, Olathe, ... Shopping Mall Auto Insurance Quotes Commercial Agent

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Olathe
    County
    Johnson
    State
    Kansas
    Longitude
    -94.8361854
    Latitude
    38.8705121

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    FAQs

    What type of property is this?
    Lifestyle center - Olathe, KS: Prime Retail Space Available
    Where is this lifestyle center located?
    The property is located at 873 Parker St Olathe, KS.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    What are key features of this property?
    This property features: Exceptional multi-tenant retail shopping center.; NNN lease structure.; $14 per square foot rent.
    Request Owner's contact information
    873 Parker St 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
    873 Parker St Olathe, KS 66061
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