Property profile

119th & Lone Elm Rd Olathe, KS 66061

OFF-MARKET
Land
7.8 ac lot
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Property summary

AI-generated overview

This exceptional 7.8-acre commercial land parcel presents a unique investment opportunity in the thriving Olathe, Kansas market. Located at the intersection of 119th and Lone Elm Road, this property boasts convenient access to Kansas Highway 7, ensuring high visibility and easy accessibility for potential businesses and customers. The site is zoned C-1, permitting a variety of uses including neighborhood retail, small-scale neighborhood office spaces, low-intensity retail establishments, and civic uses. Utilities are already in place, simplifying development and reducing upfront costs. Given its size and zoning, this land is ideally suited for a range of projects, such as educational facilities, places of worship, multifamily developments, or smaller-scale commercial ventures. The property's location within a rapidly growing area promises significant future appreciation potential. This is a rare opportunity to acquire a substantial parcel of land in a prime location with excellent infrastructure and zoning flexibility. The sale price is available upon request. The property is situated in Johnson County, Kansas, with a zip code of 66061. Detailed site plans and further information are available.

Property profile

Verified
Property type Land
Lot 7.8 ac (339,768 SF)

Cap rate & NOI

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

Location

119th & Lone Elm Rd Olathe, KS 66061
Olathe metro
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Value estimations

Realmo proprietary · 4 methods
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by Request
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Comparable Approach Comparable
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Blend (final) Blend
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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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