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    255 Parker St Olathe, KS 66061

    For Sale
    $927,000

    Prime 33,072 SF lot, $27/SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 33,072 square foot commercial land parcel presents a compelling investment opportunity in the thriving Olathe, Kansas market. Located at 255 S Parker St, this hard corner pad site benefits from high visibility and accessibility within the desirable K-7 and Santa Fe corridor. The asking price is $927,000, translating to a competitive price per square foot of $27. The property's strategic location is further enhanced by the presence of a new multifamily development to the west, indicating strong growth and future development in the immediate vicinity. This ensures a robust and expanding customer base for any future development. The site also enjoys the benefit of strong co-tenancy, surrounded by established and successful businesses including Starbucks, Chipotle, Tommy's Express Carwash, and First Watch, among others. This established commercial environment provides immediate brand recognition and draws significant foot traffic, making this parcel ideal for a variety of commercial ventures. The property is zoned for commercial use and offers significant potential for a wide range of development options. This prime location and attractive price point make this a rare opportunity for investors seeking a high-return investment in a rapidly growing area. The property is situated in Johnson County, Kansas, with a zip code of 66061.

    Property Features for 255 Parker St

    General Information

    Property type
    Land

    HighLights

    • High‑visibility hard corner lot.
    • Excellent location in the K‑7 and Santa Fe corridor.
    • Adjacent to new multifamily development.
    • Strong tenant mix including Starbucks, Chipotle, Tommy's Express Carwash, and First Watch.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Olathe
    County
    Johnson
    State
    Kansas
    Longitude
    -94.8350215
    Latitude
    38.8795174

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    FAQs

    What type of property is this?
    Land - Prime 33,072 SF lot, $27/SF
    Where is this land located?
    The property is located at 255 Parker St Olathe, KS.
    What is the asking price?
    The asking price for this property is $927,000.
    What are key features of this property?
    This property features: High-visibility hard corner lot.; Excellent location in the K-7 and Santa Fe corridor.; Adjacent to new multifamily development.
    Request Owner's contact information
    255 Parker St 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
    255 Parker St Olathe, KS 66061
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