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    OFF-MARKET
    Land

    106th St & Ridgeview Rd, Olathe, KS 66061

    2.3 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 2.3-acre commercial land parcel, situated at the intersection of W. 106th Street and S. Ridgeview Road in Olathe, Kansas (zip code 66061), presents a unique investment opportunity. The property is zoned C-2, allowing for a variety of commercial uses. Its location within the established, high-quality Corporate Ridge Office Park offers excellent visibility and accessibility. The lot boasts all utilities on-site and benefits from a high traffic count of over 17,500 vehicles per day on S. Ridgeview Road. Its strategic location provides quick access to major thoroughfares including K-10, I-435, and I-35, ensuring convenient access for employees and customers. Across the street lies the state-of-the-art Garmin Olathe Soccer Complex, further enhancing the area's visibility and appeal. The land is priced at $10.95 per square foot. A significant advantage is the availability of a 55% tax abatement for a 10-year period, making this a highly attractive investment proposition. Potential uses include hotel/restaurant development or an urgent care/medical office facility. This property offers a rare combination of location, zoning, and financial incentives, making it an ideal choice for discerning investors seeking a high-return opportunity in a thriving Kansas City suburb.

    Property profile
    Verified
    Property type Land
    Lot 2.3 ac (100,188 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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