Commercial Real Estate Market in Olathe, CO
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
11 active listings and 122 off-market properties in Olathe, CO.
Market Trends
Olathe, CO spans 219.4 square miles in Montrose County, Colorado. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Olathe, CO runs 20.8% across the West region in 2025, up from 11% in 2019.
Vacancy Rate % in West region
Retail
Retail space in Olathe, CO asks $188/SF to buy. Vacancy runs 5.8% across the West region in 2025, down from 7% in 2020.
Average Sale Price $/SF
Listings
Vacancy Rate % in West region
Industrial
Industrial vacancy in Olathe, CO runs 7.9% across the West region in 2025, up from 3.7% in 2019. Nearly 3.2x the 2022 low of 2.5%.
Vacancy Rate % in West region
Multifamily
Multifamily vacancy in Olathe, CO runs 8.6% across the West region in 2025, up from 7% in 2022.
Vacancy Rate % in West region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 69.7%
- Commercial 15.6%
- Industrial 14.7%
Largest Zones share of zoned land by district
Residential District
Agricultural
General Commercial District
Industrial District
Mixed Residential District
Olathe, CO zones 2,622 acres across 8 districts. Commercial zoning covers 15.6% of zoned land, residential 69.7% and industrial 14.7%. The largest single district is Residential District at 35.5%. For commercial buyers the practical constraint is that only 30.3% of land carries a commercial or industrial designation.
Residential District (R)
C. Residential District - "R": 1. The Residential District is intended primarily for conventional built houses, modular houses, and mobile homes, which meet certain performance criteria, and accessory uses. Dimensional and parking requirements are provided in Section 10-4-5. 2. Permitted Uses. a. One, two and multi- family dwellings, including modular houses…
Market overview
Demographics & Economy
Olathe, CO has 5,120 residents in 2,059 households. Density runs 23 people per square mile. Median household income here is $71,824 and median gross rent $995 a month.
5,120
Population
2,059
Households
2.5
Avg Household Size
40
Median Age
17%
College-Educated
85%
High-School Grad
219.4 sq mi
ZIP Area
23
Density / Sq Mi
$71,824
Median Household Income
$37,668
Median Earnings
$995
Median Rent
$293,500
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Montrose | — | $10.01 |
| Delta | — | $19.89 |
| Cory | — | — |
| Austin | — | — |
Commercial property in Olathe, CO asks $585/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Olathe?
Commercial property in Olathe, CO asks an average of $585 per square foot. The 4 most recent recorded sales traded at a median of $102/SF, so asking sits 473% above the achieved median. Retail carries the highest asking price at $188/SF.
What zoning applies to commercial property in Olathe?
Olathe, CO zones 2,622 acres across 8 districts, of which 15.6% is commercial and 14.7% industrial. The largest single district is Residential District at 35.5% of zoned land. C. Residential District - "R": 1. The Residential District is intended primarily for conventional built houses, modular houses, and mobile homes, which meet certain performance criteria, and accessory uses. Dimensional and parking requirements are provided in Section 10-4-5. 2. Permitted Uses. a. One, two and multi- family dwellings, including modular houses… Residential zoning covers 69.7% and open space 0%.
Where does Realmo's Olathe market data come from?
Realmo compiles Olathe, CO figures from 5 recent recorded sales, 10 active sale listings, 1 active lease listings, 122 tracked off-market properties, the current Olathe zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 10 active for-sale and 1 active for-lease listings in Olathe, CO. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 2,622 zoned acres across 8 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at West region level, retail vacancy is reported at West region level, industrial vacancy is reported at West region level and asking prices run materially above recent closed pricing.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
