Freestanding Office
For Sale
Contact for pricing
901 East Loula Street, Olathe, KS 66061
Configured with reception, conference and break areas, private offices, and open workspace for cubes.
Property Size2,200 SF
Price / SF$176.82
Days on Market10
Property Features for 901 East Loula Street
General Information
Standard status
Active
Size
2,200 SF
Total Parking Spaces
8
Property subtype
Office
Zoning
CP-O
Additional Details
Highway Access
Yes
Amenities
reception area
conference/break room
Building Details
Year Built
1986
Year Renovated
2023
Buildings
1
Tenancy
Single
Listing Agency:
Lane4 Property Group
(816) 960-1444
Listed By:
Spencer Stewart · License #KS 00248759
Source:
Crexi
Added: Aug 10
Changed: Aug 15
Last Checked: Aug 18 at 1:47PM
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 Lane4 Property Group
Investment Insights
Based on property information with market context.
This freestanding office building contains 2,200 square feet and was constructed in 1986. The existing layout includes a reception area, a combined conference and break area, two private offices, and an open section designed for cube workstations.
The property is offered for sale or lease at 901 East Loula Street in Olathe, Kansas. Its location provides access to Downtown Olathe, Santa Fe, and I-35. CP-O zoning supports its established office classification.
The property is offered for sale or lease at 901 East Loula Street in Olathe, Kansas. Its location provides access to Downtown Olathe, Santa Fe, and I-35. CP-O zoning supports its established office classification.
Key Highlights
- 2,200‑square‑foot freestanding office building
- Built in 1986
- Reception area, conference and break area, and two private offices
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$30,294
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.79%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$605,880
$605.9K
Cap Rate 7%
$432,771
$432.8K
Cap Rate 9%
$336,600
$336.6K
Market Conditions
NOI Build-Up for 2,200 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$47.5K $21.60/SF
− Vacancy
−$7.1K −$3.24/SF
EGI
$40.4K $18.36/SF
− OpEx
−$10.1K −$4.59/SF
NOI
$30.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$605,880
Cap Rate 7%
$432,771
Cap Rate 9%
$336,600
Alternative Uses
Best Use
Office B
$432.8K
$378.7K – $504.9K
NOI $30,294 @ 7.0% cap · market cap 7.79%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$650.2K
$568.9K – $758.6K
NOI $45,514 @ 7.0% cap · market cap 11.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
592
Businesses Nearby
Explore this area
Business Placement
Demographics for 66061, KS
66,166
Population
24,744
Households
2.7
Avg Household Size
36
Median Age
45%
College-Educated
93%
High-School Grad
63.3 sq mi
ZIP Area
1,045
Density / Sq Mi
$109,110
Median Household Income
$50,736
Median Earnings
$1,228
Median Rent
$337,400
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Configured with reception, conference and break areas, private offices, and open workspace for cubes.
Where is this office building located?
The property is located at 901 East Loula Street Olathe, KS.
What is the asking price?
The asking price for this property is $389,000.
What are key features of this property?
This property features: 2,200‑square‑foot freestanding office building; Built in 1986; Reception area, conference and break area, and two private offices
