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    119Th St Olathe, KS 66061

    For Sale
    $850,000

    Prime Olathe land, ideal for development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 4.87-acre residential land parcel presents a remarkable investment opportunity in Olathe, Kansas. Located west of Ranch Villas of Greyson Place and Milbrooke Elementary School in Johnson County, this property enjoys a highly desirable location with convenient access to schools, shopping, and recreational facilities. Its strategic position ensures easy connectivity to major transportation routes, facilitating seamless access to neighboring communities. According to the City of Olathe Planning Department, the land is suitable for low-density single-family home development, making it an attractive prospect for builders and investors seeking to capitalize on the strong demand for housing in this area. The property's 4.87-acre size offers considerable potential for a substantial development project. Note that this parcel is being offered for sale in conjunction with MLS # 2497764, providing the unique opportunity to acquire both properties for an expanded development vision. The property is situated at No Address W 119th Street, Olathe, KS 66061. This prime location, coupled with the potential for residential development, makes this an exceptional opportunity for those seeking to build in a thriving Kansas community. The property's coordinates are 38.912902 latitude and -94.7824994 longitude.

    Property Features for 0 119Th St

    General Information

    Property type
    Land
    Lot Size
    212,137 SF

    HighLights

    • $850,000 asking price.
    • 4.87‑acre residential land parcel.
    • Located in Olathe, KS, zip code 66061, near Ranch Villas of Greyson Place and Milbrooke Elementary School.
    • Potential for low‑density single‑family home development (per City of Olathe Planning Department).
    • Sold in conjunction with MLS # 2497764 (potential for larger development).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Olathe
    County
    Johnson, KS
    State
    Kansas
    Longitude
    -94.7824994
    Latitude
    38.912902

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    FAQs

    What type of property is this?
    Land - Prime Olathe land, ideal for development.
    Where is this land located?
    The property is located at 119Th St Olathe, KS.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: $850,000 asking price.; 4.87-acre residential land parcel.; Located in Olathe, KS, zip code 66061, near Ranch Villas of Greyson Place and Milbrooke Elementary School.
    Request Owner's contact information
    119Th 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
    119Th St Olathe, KS 66061
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