Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    College Blvd. & Clare Rd Olathe, KS 66061

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    College Blvd. & Clare Rd Olathe, KS 66061

    View on Map
    • Land
    • 2.31 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 College Blvd. & Clare Rd

    Lot size
    2.31 lot acres
    Property type
    Land

    Description

    This exceptional 2.31-acre commercial land parcel is situated at the intersection of College Boulevard and Clare Road in Olathe, Kansas, within the desirable Cedar Creek area. Zoned for Business Park use, this property presents a unique opportunity for developers seeking a strategic location with excellent access to major transportation arteries. The site boasts convenient access to K-10 and K-7 Highways, as well as College Boulevard, ensuring high visibility and easy commutes for employees and customers. Its 2.31-acre size provides ample space for a variety of mixed-use development projects, catering to diverse business needs. The property's location in Johnson County, Kansas, with a zip code of 66061, places it within a thriving economic region characterized by strong growth and a robust business environment. This prime location offers significant potential for long-term investment and development success. The property is ready for immediate development, presenting a rare opportunity to capitalize on the area's growth trajectory. Detailed site plans and zoning information are readily available upon request. This is an exceptional opportunity to acquire a highly desirable commercial land parcel in a prime Olathe location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Olathe
    County
    Johnson
    State
    Kansas
    Longitude
    -94.8714
    Latitude
    38.9272

    Comparable in this City

    • Value Estimation by Request
      2.69 Acres

      119th St

      Land • 7,000 SF
      119th St, Olathe, KS 66061
      View Details
    • Value Estimation by Request
      4.78 Acres

      Vly Pkwy & Shadow Cir

      Land • 4.78 Acres
      0 Vly Pkwy & Shadow Cir, Olathe, KS 66061
      View Details
    • Value Estimation by Request
      40,315 SF

      K-7 & Santa Fe

      Land • 40,315 SF
      K-7 & Santa Fe, Olathe, KS 66061
      View Details
    • Value Estimation by Request
      2.18 Acres

      College Blvd . & Clare Rd Lot

      Land • 2.18 Acres
      0 College Blvd . & Clare Rd Lot, Olathe, KS 66061
      View Details
    • Value Estimation by Request
      59.82 Acres

      K-7 & College Blvd

      Land • 59.82 Acres
      0 K-7 & College Blvd, Olathe, KS 66061
      View Details
    • Value Estimation by Request
      40,315 SF

      K-7 & Santa Fe

      Land • 40,315 SF
      K-7 & Santa Fe, Olathe, KS 66061
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Land For Sale

      2.67 acres of land available.
      College Blvd. & Clare Rd, Olathe, KS 66061
      View Details
    • Contact for pricing

      10 Acres Close-In Land Opportunity

      10 +/- acre property with no HOA or building restrictions.
      3 151St St, Olathe, KS 66061
      View Details
    • Contact for pricing

      Land For Sale

      2.11 acres of land available for sale.
      College Blvd. & Clare Rd, Olathe, KS 66061
      View Details
    • $319,000
      Pending

      Close-In Acreage on Asphalt

      9.55 +/- acres with no HOA or building restrictions.
      4 151St St, Olathe, KS 66061
      View Details
    • $12,883,377
      59.82 Acres

      Prime Olathe Commercial Land

      59.82 acres, ideal development opportunity.
      0 K-7 & College Blvd, Olathe, KS 66061
      View Details
    • Contact for pricing

      Olathe Land Parcel For Sale

      7.8 acre land parcel available in Olathe, Kansas.
      119th & Lone Elm Rd, Olathe, KS 66061
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Olathe Land for Lease

      Land available for lease in Olathe, Kansas.
      K-7 & Santa Fe, Olathe, KS 66061
      View Details
    • Contact for pricing

      Olathe Commercial Land For Rent

      Commercial land available for rent in Olathe, Kansas.
      305 South Parker St, Olathe, KS 66061
      View Details
    • Contact for pricing

      Olathe Commercial Land For Rent

      Commercial land available for rent in Olathe, Kansas.
      16535 119Th St, Olathe, KS 66061
      View Details
    • Contact for pricing

      Olathe Land for Lease

      0.93 acres available with monument signage and great visibility.
      W Santa Fe St, Olathe, KS 66061
      View Details
    • Contact for pricing

      Land for Lease in Olathe

      Commercial land available for lease at Walmart-anchored site.
      K-7 & Santa Fe, Olathe, KS 66061
      View Details
    • Contact for pricing
      145,836 SF

      Olathe Flex R&D Building

      Flex R&D building available for sublease in Olathe, Kansas.
      17000 W 119Th St, Olathe, KS 66061
      View Details
    Request Owner's contact information
    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.
    College Blvd. & Clare Rd
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!