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    151St St Olathe, KS 66061

    Sponsored
    For Sale
    $1,350,000

    Prime Olathe location, M-2 zoning, high traffic.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 5.88-acre commercial land parcel is ideally situated at the northeast corner of West 151st Street and Lone Elm Road in Olathe, Kansas, zip code 66061. The property boasts a highly desirable M-2 (General Industrial District) zoning designation, offering a wide range of development possibilities. Its strategic location benefits from over 18,700 vehicles per day passing the signalized intersection, ensuring significant visibility and accessibility. The site's proximity to major employers and amenities is a key advantage. It's located just half a mile from the Olathe Medical Center, a substantial medical complex employing over 2,500 people and encompassing over 40 family care and sociality clinics. Furthermore, the property is positioned one mile west of Interstate 35 and the Garmin headquarters, and directly across the intersection from a 140-acre parcel recently acquired by Garmin. Adding to its appeal, the Ball Event Center and the YMCA are located a quarter-mile to the south. This prime location, combined with its generous size and favorable zoning, presents a compelling investment opportunity for developers seeking a strategic foothold in a thriving Olathe market. The asking price for this exceptional property is $1,350,000.

    Property Features for 0 151St St

    General Information

    Property type
    Land
    Lot Size
    256,133 SF

    HighLights

    • 5.88± acres of land at the signalized intersection of West 151st St. and S. Lone Elm Road.
    • Over 18,700 vehicles per day (VPD) at the intersection.
    • 0.5 miles from Olathe Medical Center (300+ physicians, 2,500+ employees, 40+ clinics).
    • M‑2 General Industrial zoning.
    • One mile west of I‑35 and Garmin headquarters, across from Garmin's 140‑acre land acquisition.
    • 0.25 miles north of the Ball Event Center and YMCA.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Olathe
    County
    Johnson
    State
    Kansas
    Longitude
    -94.7719239
    Latitude
    38.8547779

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    FAQs

    What type of property is this?
    Land - Prime Olathe location, M-2 zoning, high traffic.
    Where is this land located?
    The property is located at 151St St Olathe, KS.
    What is the asking price?
    The asking price for this property is $1,350,000.
    What are key features of this property?
    This property features: 5.88± acres of land at the signalized intersection of West 151st St. and S. Lone Elm Road.; Over 18,700 vehicles per day (VPD) at the intersection.; 0.5 miles from Olathe Medical Center (300+ physicians, 2,500+ employees, 40+ clinics).
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    151St 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
    151St St Olathe, KS 66061
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