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Property profile & analytics
OFF-MARKET
Estimated value
$1,000,000
Strip malls
10512 Ridgeview Rd Olathe, KS 66061-6440
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US33-0615258
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2003
Construction
FRAME
Total area
12,000 SF
Lot
2.02 ac (87,991 SF)
Zoning code
C2
APN
DP63470000 0006
UPID
US33-0615258
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
Current use
Occupant on record · Public records
-
The Rub Bar-B-Que and Catering Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$785k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.21M
Blend (final)
Blend
$1.00M
Owner & transaction history
South Rldgeview Pads LLC · 2 yrs held
South Rldgeview Pads LLC
since 2023
3 recorded transactions
Zoning & alternative use
C2 · Olathe, KS
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$980,000
+17.6%
Auto repair, garage
$925,000
+11.1%
Industrial (general)
$875,000
+5.4%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Olathe submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Olathe submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$785,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$830,000
Current use
COMMERCIAL (GENERAL)
$980,000
Change: +18% · Conversion: Easy
AUTO REPAIR, GARAGE
$925,000
Change: +11% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$875,000
Change: +5% · Conversion: Difficult
RETAIL STORES
$855,000
Change: +3% · Conversion: Easy
Blend value · Realmo final
$1.00M
Range $900k – $1.10M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$83 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$75,798
Tax year 2023
Assessed value
$647,751
Assessed 2023
Previous assessed
$537,600
+20.5% YoY
Effective rate
11.70%
On assessed value
Assessed land
$201,583
Assessed improvement
$446,168
Land market value
$806,330
Improvement market value
$1,784,670
Total market value
$2,591,000
Applied tax rate
906.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2003
Construction
FRAME
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
4
Total area
12,000 SF
Lot
2.02 ac (87,991 SF)
Zoning code
C2
APN
DP63470000 0006
UPID
US33-0615258
Jurisdiction
JOHNSON
Zoning & alternative use
C2 · Olathe, KS
Zoning C2 · permitted uses
C2 · Olathe, KS
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Olathe. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$830,000
COMMERCIAL (GENERAL)
Est. value
$980,000
AUTO REPAIR, GARAGE
Est. value
$925,000
INDUSTRIAL (GENERAL)
Est. value
$875,000
RETAIL STORES
Est. value
$855,000
NEIGHBORHOOD: SHOPPING CENTER Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2003
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Units
4
Lot
2.02 ac
Current owner
From public records · entity-resolved
South Rldgeview Pads LLC
Entity
Mailing address
10550 S WARWICK ST, OLATHE, KS 66061-6685
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 19, 2023
—
South Rldgeview Pads LLC
—
Deed
related
$1,800,000 · Emprise Bank
Aug 28, 2018
—
Ridgeview Lot 6 LLC
—
Deed
related
$1,700,000 · Corefirst Bank & Trust
Jun 16, 2016
—
Ridgeview Lot 6 LLC
—
Deed
related
$1,500,000 · Alterra Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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