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    14910 119Th St Olathe, KS 66062

    For Sale
    $4,300,000

    Prime Olathe Retail Center, 7% Cap Rate

    Property size:
    16,034 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional investment opportunity presents the Blackbob Corners Shopping Center, a 16,034 square foot retail center located in Olathe, Kansas, at 14910 W 119th St, zip code 66062. Boasting an attractive 7.00% cap rate and an asking price of $4,300,000, this property offers significant potential for investors. The center enjoys a prime location in Johnson County, one of the fastest-growing areas in Greater Kansas City, situated between Olive Garden and Red Lobster restaurants. Its high visibility is ensured by monument signage on 119th Street, a major thoroughfare carrying over 46,000 vehicles daily. The center benefits from its proximity to a substantial retail cluster, including a Super Target, AMC Theatres, Dick's Sporting Goods, Whole Foods, Ross Dress for Less, and PetSmart, representing over one million square feet of retail space. Current tenants include a diverse mix of businesses such as Sleep Outfitters, Leslie's Pool, Pride Cleaners, Drip Energy, and Aoyama Ramen, among others. This well-positioned shopping center presents a rare opportunity to acquire a prime asset in a thriving market. The property's strong tenant base and strategic location make it an ideal investment for discerning buyers seeking high returns and long-term growth potential.

    Property Features for 14910 119Th St

    General Information

    Property type
    Lifestyle centers
    Square Feet
    16,034 SF

    HighLights

    • 16,034 SF retail center.
    • 7% cap rate.
    • High‑traffic location across from major retailers including Super Target, AMC Theatres, Dick's Sporting Goods, Whole Foods, Ross Dress for Less, and PetSmart, totaling over 1 million SF of retail space.
    • Excellent visibility on 119th Street with monument signage.
    • Prime intersection in a rapidly growing area of Greater Kansas City.
    • Strong tenant mix including Sleep Outfitters, Leslie's Pool, Pride Cleaners, Drip Energy, and Aoyama Ramen.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Blackbob Corners Shopping Mall Sleep Outfitters Mattress Store

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Olathe
    County
    Johnson
    State
    Kansas
    Longitude
    -94.7595204
    Latitude
    38.9133131

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    FAQs

    What type of property is this?
    Lifestyle center - Prime Olathe Retail Center, 7% Cap Rate
    Where is this lifestyle center located?
    The property is located at 14910 119Th St Olathe, KS.
    What is the asking price?
    The asking price for this property is $4,300,000.
    What are key features of this property?
    This property features: 16,034 SF retail center.; 7% cap rate.; High-traffic location across from major retailers including Super Target, AMC Theatres, Dick's Sporting Goods, Whole Foods, Ross Dress for Less, and PetSmart, totaling over 1 million SF of retail space.
    Request Owner's contact information
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    Olathe, KS 66062
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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
    14910 119Th St Olathe, KS 66062
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