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Property profile & analytics
OFF-MARKET
Estimated value
$630,000
Office Spaces
110 Cherry St Olathe, KS 66061-3436
Entity Owned
16-yr Hold
~
Est. High Equity
Property ID
US33-0584830
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1970
Construction
CONCRETE
Total area
14,649 SF
Lot
0.09 ac (3,902 SF)
Zoning code
C-2
APN
DP13680051 0001E
UPID
US33-0584830
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
-
Jessica Bridgewater Photography Photography Service (Bike/Boat/Book/etc) Store
-
Michael D. Ward, M.Div., MA, LCMFT Marriage Or Relationship Counselor
-
Mary Archer Foster Care Service Social Service Agency
-
Mrs. Hannah Wolverton Marriage Or Relationship Counselor Practitioner Service Location
-
Mrs. Krystal Speier Practitioner Service Location Counselor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$495k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$766k
Blend (final)
Blend
$630k
Owner & transaction history
Court Square Partners LLC · 16 yrs held
Court Square Partners LLC
since 2010
3 recorded transactions
Zoning & alternative use
C-2 · Olathe, KS
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$495,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$1,045,000
Change: -12% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,015,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$630k
Range $567k – $693k · ±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
$43 / 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
$26,797
Tax year 2023
Assessed value
$229,001
Assessed 2023
Previous assessed
$226,751
+1.0% YoY
Effective rate
11.70%
On assessed value
Assessed land
$6,828
Assessed improvement
$222,173
Land market value
$27,310
Improvement market value
$888,690
Total market value
$916,000
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1970
Construction
CONCRETE
Heating
YES
Cooling
AC.PACKAGE
Stories
3
Units
1
Total area
14,649 SF
Lot
0.09 ac (3,902 SF)
Zoning code
C-2
APN
DP13680051 0001E
UPID
US33-0584830
Jurisdiction
JOHNSON
Zoning & alternative use
C-2 · Olathe, KS
Zoning C-2 · permitted uses
C-2 · 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
RETAIL STORES
Est. value
$1.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.0M
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
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
1970
Construction
CONCRETE
Heating
YES
Cooling
Yes
Stories
3
Units
1
Lot
0.09 ac
Current owner
From public records · entity-resolved
Court Square Partners LLC
Entity
Mailing address
15840 E JERICHO DR, FOUNTAIN HILLS, AZ 85268-3913
Ownership since
2010
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
Aug 1, 2019
—
Rer Holdings LLC
—
Deed
related
$200,000 · Silver Hill Financial LLC
Apr 30, 2018
—
Mark IV Investments INC
—
Deed
related
$250,000 · Crossfirst Bank
Apr 12, 2010
—
Court Square Partners LLC
Jkj Family L L C
Warranty Deed
$484,000 · Bank Of The Prairie
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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