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Property profile & analytics
OFF-MARKET
Estimated value
$460,000
Theaters & concert halls
10980 Lone Elm Rd Olathe, KS 66061
Entity Owned
Free & Clear
Property ID
US33-0519575
Property profile
Verified
Property type
Theaters & concert halls
Use group
ARENA, CONVENTION CENTER
Year built
2002
Construction
CONCRETE BLOCKS
Total area
5,895 SF
Lot
68.71 ac (2,993,008 SF)
Zoning code
R-1
APN
DP53350000 0001
UPID
US33-0519575
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
-
CBAC “Seaback Sports Field & Court Sports School
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$460k
Owner & transaction history
UNIFIED SCHOOL DIST 233
UNIFIED SCHOOL DIST 233
Zoning & alternative use
R-1 · Olathe, KS
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This district provides for development of standard low density residential developments in areas where adequate public facilities and services exist, and residential development is appropriate given the surrounding land uses and neighborhood
Zone name
Single Family
General category
RESIDENTIAL
Zone area
17,115.51 ac
Source
Realmo
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$460k
Range $414k – $506k · ±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
$78 / 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
Land market value
$747,760
Improvement market value
$3,210,850
Total market value
$3,958,610
Applied tax rate
8.0000
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
Theaters & concert halls
Use group
ARENA, CONVENTION CENTER
Status
Off-Market
Year built
2002
Construction
CONCRETE BLOCKS
Heating
NONE
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Units
1
Total area
5,895 SF
Lot
68.71 ac (2,993,008 SF)
Zoning code
R-1
APN
DP53350000 0001
UPID
US33-0519575
Jurisdiction
JOHNSON
Zoning & alternative use
R-1 · Olathe, KSZoning R-1 · permitted uses
R-1 · Olathe, KS
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This district provides for development of standard low density residential developments in areas where adequate public facilities and services exist, and residential development is appropriate given the surrounding land uses and neighborhood
Zone name
Single Family
General category
RESIDENTIAL
Zone area
17,115.51 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2002
Construction
CONCRETE BLOCKS
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Units
1
Lot
68.71 ac
Current owner
From public records · entity-resolved
UNIFIED SCHOOL DIST 233
Individual
Free & Clear · 0 yrs held
Mailing address
PO BOX 2000, OLATHE, KS 66063-2000
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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