Property profile

0 Ridgeview Rd Olathe, KS 66061

OFF-MARKET
Retail properties & Spaces
5,000 SF 7.7 ac lot
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Property summary

AI-generated overview

This exceptional 7.7-acre commercial land parcel in Olathe, Kansas (66061), offers a unique investment opportunity. Located near the 135th and I-35 Interchange, this property boasts flexible ‘MP-2’ zoning, permitting both industrial and commercial uses. The site is part of the master-planned Parkside Business Park, featuring a total build-out exceeding 80,000 square feet. Buildings can be custom-built, ranging from 5,000 to 12,000 square feet, with a pre-approved, high-quality concrete/glass design to expedite the approval process. A significant advantage is the eligibility for a 50% tax abatement for 10 years, substantially reducing initial costs. The property's strategic location is further enhanced by its proximity to a city park, water feature, and a new retail development, ensuring high visibility and accessibility. The asking price is $155,461, with a price per square foot of $4.25, based on building sizes between 5,000 and 9,000 square feet. The lot itself encompasses 36,579 square feet. This is an ideal opportunity for developers and investors seeking a prime location with significant long-term potential.

Property profile

Verified
Property type Retail properties & Spaces
Total area 5,000 SF
Lot 7.7 ac (335,412 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Ridgeview Rd Olathe, KS 66061
Olathe metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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