Property profile

169 Sec 159 & Hwy Olathe, KS 66061

OFF-MARKET
Land
245 ac lot
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Property summary

AI-generated overview

This exceptional 245-acre parcel of gently rolling terrain presents a significant investment opportunity in Olathe, Kansas. Located at the intersection of 159th Street and Highway 169 in Johnson County (zip code 66061), this property is currently zoned PEC-3 (planned light industrial). However, the plan is to rezone the land for single-family residential use, opening up a wide range of development possibilities. The expansive lot offers significant potential for various commercial or residential projects. Infrastructure includes existing 12-inch water mains along 159th Street, requiring extension along the 167th Street border. A 15-inch main runs along the west property side, and a 4-inch main on 159th Street ends at the northeast corner. Detailed sewer maps are available. The property's location offers easy access to major transportation routes and is situated in a desirable area. A school district map is available for review. The asking price is $35,000 per acre, making this a compelling investment opportunity for developers seeking a large-scale project in a thriving Kansas community.

Property profile

Verified
Property type Land
Lot 245 ac (10,672,200 SF)

Cap rate & NOI

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

Location

169 Sec 159 & Hwy 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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