0 151St St Olathe, KS 66061
This exceptional 5.88-acre commercial land parcel is ideally situated at the northeast corner of West 151st Street and Lone Elm Road in Olathe, Kansas, zip code 66061. The property boasts a highly desirable M-2 (General Industrial District) zoning designation, offering a wide range of development possibilities. Its strategic location benefits from over 18,700 vehicles per day passing the signalized intersection, ensuring significant visibility and accessibility. The site's proximity to major employers and amenities is a key advantage. It's located just half a mile from the Olathe Medical Center, a substantial medical complex employing over 2,500 people and encompassing over 40 family care and sociality clinics. Furthermore, the property is positioned one mile west of Interstate 35 and the Garmin headquarters, and directly across the intersection from a 140-acre parcel recently acquired by Garmin. Adding to its appeal, the Ball Event Center and the YMCA are located a quarter-mile to the south. This prime location, combined with its generous size and favorable zoning, presents a compelling investment opportunity for developers seeking a strategic foothold in a thriving Olathe market. The asking price for this exceptional property is $1,350,000.
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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.