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Property profile & analytics
OFF-MARKET
Land

0 151St St Olathe, KS 66061

5.88 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Land
Lot 5.88 ac (256,133 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
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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