Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    14677 119Th St Olathe, KS 66062

    • Retail properties
    • 142,447 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • OshKosh B'Gosh / Clothing Store / Fashion Accessories Store
    • Carter's / Children'S Clothing Store / Baby Clothing Store

    Property Details for 14677 119Th St

    Year built
    2006
    Property size
    142,447 SF
    Property type
    Retail properties

    Description

    Olathe Pointe, a thriving retail center in Olathe, Kansas (Johnson County, zip code 66062), presents a compelling investment opportunity. Strategically located at the southeast corner of 119th Street and Black Bob Road, this Whole Foods shadow-anchored center boasts a total of 142,447 square feet across three parcels encompassing 13.88 acres. Built in 2006, the property comprises two buildings: an 86,649 square foot inline building and a 55,798 square foot building. Currently operating at 76% occupancy, the center features a diverse tenant mix including well-established national brands such as Michaels, Off Broadway Shoes, Bath & Body Works, Carter's Retail, Natural Grocers, Cold Stone Creamery, Sports Clips, Five Guys, and Orangetheory Fitness, along with local businesses like Olathe Pointe Dental. The larger development also includes prominent retailers such as Whole Foods, Ulta Beauty, Old Navy, Five Below, Marshalls, and HomeGoods, creating a strong synergistic retail environment. The property's prime location within the Kansas City MSA and its impressive tenant roster make it an attractive investment prospect. The coordinates are 38.9097796 latitude and -94.7583998 longitude.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Olathe
    County
    Johnson
    State
    Kansas
    Longitude
    -94.7584
    Latitude
    38.9098

    Comparable in this City

    • Value Estimation by Request
      2,200 SF

      151St St

      Retail properties • 2,200 SF
      0 151St St, Olathe, KS 66062
      View Details
    • Value Estimation by Request
      16,034 SF

      14910-14970 119Th St

      Neighborhood centers • 16,034 SF
      14910-14970 119Th St, Olathe, KS 66062
      View Details
    • Value Estimation by Request
      7,000 SF

      119th St

      Restaurants • 7,000 SF
      119th St, Olathe, KS 66062
      View Details
    • Value Estimation by Request
      286,576 SF

      14941 119Th St

      Retail properties • 286,576 SF
      14941 119Th St, Olathe, KS 66062
      View Details
    • Value Estimation by Request
      1,600 SF

      1785 Mur-Len Rd

      Retail properties • 1,600 SF
      1785 Mur-Len Rd, Olathe, KS 66062
      View Details
    • Value Estimation by Request
      20,987 SF

      135th St & Mur-Len Rd

      Retail properties • 20,987 SF
      135th St & Mur-Len Rd, Olathe, KS 66062
      View Details

    Similar Nearby for Sale

    • $5,550,000
      13.50 Acres

      K-10 Commerce Centre: Olathe, KS

      Retail & Land Development Opportunity
      11000 Monticello Ter, Olathe, KS 66062
      View Details
    • Contact for pricing
      35.53 Acres

      Olathe Industrial Land for Sale

      Prime Olathe location, build-to-suit options.
      16425 Us 169 Hwy, Olathe, KS 66062
      View Details
    • $4,300,000
      16,034 SF

      Blackbob Corners Shopping Center

      Prime Olathe Retail Center, 7% Cap Rate
      14910 119Th St, Olathe, KS 66062
      View Details
    • Contact for pricing
      2,200 SF

      Olathe Retail Space: Hy-Vee Center

      High-traffic retail space near Hy-Vee.
      0 151St St, Olathe, KS 66062
      View Details
    • $2,850,000
      7,662 SF

      Retail Space in Power Center

      Retail space with strong corporate guaranty and highway access.
      11981 S Strang Line Rd, Olathe, KS 66062
      View Details
    • $2,300,000
      3,381 SF

      New Drive-Through Restaurant Opportunity

      New construction drive-through restaurant in growing Kansas City suburb.
      14123 W 135Th St, Olathe, KS 66062
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      472,771 SF

      K-10 Commerce Centre: Olathe Land

      Prime Olathe retail development land, 30 acres.
      11000 Monticello Ter, Olathe, KS 66062
      View Details
    • Contact for pricing
      1 SF

      Olathe Retail Land Opportunity

      Multiple Spaces, 1-6 Acres Available
      151 151St St, Olathe, KS 66062
      View Details
    • Contact for pricing
      8,750 SF

      Olathe Retail Space Available

      Retail property available for lease in Olathe, Kansas.
      15405-15455 S Rogers Rd, Olathe, KS 66062
      View Details
    • $21 SF/Yr
      1,600 SF

      Olathe Retail Space: Mur-Len Plaza

      1600 sq ft Retail Space, Olathe, KS
      1785 Mur-Len Rd, Olathe, KS 66062
      View Details
    • Contact for pricing
      50,000 SF

      Prime Olathe Retail Space

      50,000 SF Retail Center, Spaces Available
      12705 Mur-Len Rd, Olathe, KS 66062
      View Details
    • Contact for pricing
      16,412 SF

      Northridge Plaza Retail Space

      Olathe, KS retail center: high traffic, strong demographics.
      119TH St & Black Bob Rd, Olathe, KS 66062
      View Details
    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.
    14677 119Th St
    Olathe, KS 66062
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.