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    106th St & Ridgeview Rd Olathe, KS 66061

    For Sale
    Contact for pricing

    2.3-acre commercial lot, prime location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 2.3-acre commercial land parcel, situated at the intersection of W. 106th Street and S. Ridgeview Road in Olathe, Kansas (zip code 66061), presents a unique investment opportunity. The property is zoned C-2, allowing for a variety of commercial uses. Its location within the established, high-quality Corporate Ridge Office Park offers excellent visibility and accessibility. The lot boasts all utilities on-site and benefits from a high traffic count of over 17,500 vehicles per day on S. Ridgeview Road. Its strategic location provides quick access to major thoroughfares including K-10, I-435, and I-35, ensuring convenient access for employees and customers. Across the street lies the state-of-the-art Garmin Olathe Soccer Complex, further enhancing the area's visibility and appeal. The land is priced at $10.95 per square foot. A significant advantage is the availability of a 55% tax abatement for a 10-year period, making this a highly attractive investment proposition. Potential uses include hotel/restaurant development or an urgent care/medical office facility. This property offers a rare combination of location, zoning, and financial incentives, making it an ideal choice for discerning investors seeking a high-return opportunity in a thriving Kansas City suburb.

    Property Features for 106th St & Ridgeview Rd

    General Information

    Property type
    Land
    Lot Size
    100,188 SF

    HighLights

    • Located in the prestigious Corporate Ridge Office Park.
    • 2.3‑acre lot.
    • C‑2 zoning.
    • Asking price: $10.95 per square foot.
    • All utilities available on‑site.
    • Prime location at W. 106th Street and S. Ridgeview Road.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Olathe
    County
    Johnson
    State
    Kansas
    Longitude
    -94.7976358
    Latitude
    38.9363601

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    FAQs

    What type of property is this?
    Land - 2.3-acre commercial lot, prime location.
    Where is this land located?
    The property is located at 106th St & Ridgeview Rd Olathe, KS.
    What are key features of this property?
    This property features: Located in the prestigious Corporate Ridge Office Park.; 2.3-acre lot.; C-2 zoning.
    Request Owner's contact information
    106th St & Ridgeview Rd 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
    106th St & Ridgeview Rd Olathe, KS 66061
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