Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    16535 119Th St Olathe, KS 66061

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    High-visibility retail space near Bass Pro Shops.

    Lot size:
    3,695 SF

    Property Features for 16535 119Th St

    General Information

    Property type
    Retail properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    3,695 SF

    Spaces For Lease

    at 16535 119Th St, Olathe, KS 66061 Contact us

    We can help!

    Listing Contact
    Adam Walz
    Adam Walz

    Listing Agency: Pace Properties Listing Agent: Adam Walz

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional retail property, located at 16535 West 119th Street in Olathe, Kansas, offers 3,695 square feet of vacant space, ideal for multiple tenants. Situated on a 1.1-acre lot in Johnson County, this property boasts high visibility due to its proximity to I-35 and 119th Street, ensuring significant foot traffic and brand exposure. The space is divisible, with a minimum leasable area of 1,015 square feet and a maximum contiguous space of 1,350 square feet, providing flexibility for various business needs. This outlot pad opportunity is strategically positioned near prominent anchors such as Bass Pro Shops and Main Event, drawing a substantial customer base. The property is located within one of the fastest-growing suburbs in the Kansas City metro area, offering a thriving market and strong potential for growth. The 66061 zip code ensures easy access to a large and diverse customer demographic. This prime retail location presents a unique opportunity for businesses seeking high visibility and a strong presence in a rapidly expanding market. The property's size and location make it an attractive option for a variety of retail concepts.
    Property Profile Location Intelligence

    Current Use by Public Records

    Jason's Deli Restaurant

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Olathe
    County
    Johnson
    State
    Kansas
    Longitude
    -94.7778802
    Latitude
    38.9118421

    Nearby Similar for Lease

    • Contact for pricing
      56,628 SF

      Renovated Flex Warehouse Space Available

      Move-in ready, renovated warehouse flex space with office and dock.
      15342 S Keeler St, Olathe, KS 66062
      View Details
    • $4,290 /Mo
      87,120 SF

      Olathe Office Warehouse with Storage

      Office warehouse with outdoor storage and climate control system.
      2133 E Kansas City Rd, Olathe, KS 66061
      View Details
    • Contact for pricing
      145,055 SF

      Olathe Commercial Flex/Warehouse Space

      Flex, industrial, warehouse, and office suites available for lease.
      15559 S Mahaffie St, Olathe, KS 66062
      View Details
    • $750 /Mo
      87,120 SF

      Olathe Office Space Available

      Office space for rent, ideal for small business owners.
      2135 E Kansas City Ste B Rd, Olathe, KS 66061
      View Details
    • Contact for pricing
      2,393 SF

      Olathe Retail Space For Lease

      Retail opportunities available in Olathe with strong demographics.
      15330 W 119Th St, Olathe, KS 66062
      View Details
    • $22 SF/Yr
      3,000 SF

      Olathe Office Space Available

      3,000 SF office space for lease in Olathe.
      25255 West 102Nd Ter, Olathe, KS 66061
      View Details
    • $19 SF/Yr
      30,433 SF

      Olathe Office Space Available

      Office space available for lease in Olathe, Kansas.
      18103 West 106Th St, Olathe, KS 66061
      View Details
    • Contact for pricing
      7,000 SF

      Restaurant/Retail Space in High-Traffic Area

      7,000 SF restaurant/retail space in a super regional trade area.
      12027 S Strang Line Rd, Olathe, KS 66062
      View Details
    • Contact for pricing
      323,250 SF

      Olathe Distribution Property for Lease

      Distribution property with temperature control and highway access.
      West 171St St, Olathe, KS 66062
      View Details
    • Contact for pricing

      Restaurant Opportunity on 119th Street

      Fully equipped restaurant space with high traffic frontage available for lease.
      14904 W 119Th St, Olathe, KS 66062
      View Details
    • Contact for pricing

      Olathe Office Space Available

      Office space for rent at 18001 West 106th Street, Olathe.
      18001 West 106Th St, Olathe, KS 66061
      View Details

    FAQs

    What type of property is this?
    Retail property - High-visibility retail space near Bass Pro Shops.
    Where is this retail property located?
    The property is located at 16535 119Th St Olathe, KS.
    What are key features of this property?
    This property features: 3,695 square feet of vacant retail space available in Olathe, Kansas.; Located on a 1.1-acre lot with high visibility near I-35 and 119th Street.; Divisible space, with minimum 1,015 SF and maximum contiguous 1,350 SF units.
    (314) 968-9898 Call to check price and availability
    Request Owner's contact information
    16535 119Th St Olathe, KS 66061
    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.
    16535 119Th St
    Olathe, KS 66061
    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
    16535 119Th St Olathe, KS 66061
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Adam Walz
    Adam Walz
    (314) 968-9898
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!