191 Woodland Rd Olathe, KS 66062
This exceptional 26.88-acre development opportunity in Spring Hill, Kansas, presents a unique chance to build a thriving 200-unit duplex community. Located at the southwest corner of 191st Street and Woodland Road, this R-2 zoned property offers 100 duplex lots, with two planned units per lot. Infrastructure is partially in place, with approximately half the site already improved with sanitary and storm sewers, utility crossings, and curbs. Essential utilities—water, sewer, electricity, and gas—are readily available. The projected sales price for completed units ranges from $250,000 to $350,000, promising significant returns on investment. Situated in a rapidly growing area of the Kansas City Metro, this development benefits from its proximity to Johnson County and its numerous amenities. This prime location offers exceptional potential for a high-demand, multi-family residential project. The property is classified as Land, Multifamily, Apartment Building, Residential, and Agricultural, offering diverse investment possibilities. This is a remarkable opportunity to capitalize on the burgeoning real estate market in a desirable Kansas City suburb.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.