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Property profile & analytics
OFF-MARKET
Estimated value
$1,195,000
Automotive properties
11164 Noble Dr Olathe, KS 66061-7572
Entity Owned
10-yr Hold
Free & Clear
Property ID
US33-0784553
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
2003
Construction
CONCRETE
Total area
18,294 SF
Lot
1.86 ac (81,022 SF)
Zoning code
BP
APN
DP72830000 0035
UPID
US33-0784553
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
-
Kenton Kaufman, MD Pediatrician Physician
-
Brad Craemer, MD Pediatrician Physician
-
Holly Kaufman, MD Pediatrician Physician
-
HCA Midwest Health Physician Medical Clinic
-
Heartland K10 Church Church
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$795k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.59M
Blend (final)
Blend
$1.20M
Owner & transaction history
Midwest Divisoin Oprmc LLC · 10 yrs held
Midwest Divisoin Oprmc LLC
since 2015
2 recorded transactions
Zoning & alternative use
BP · Olathe, KS
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This district allows development of a mix of research and development, office, light assembly, warehousing and limited retail and service uses in a planned business park setting.
Zone name
Business Park
General category
COMMERCIAL
Zone area
1,180.45 ac
Source
Realmo
Top alternative use upside
Commercial (general)
$1.5M
+5.9%
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
$795,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$1,410,000
Current use
COMMERCIAL (GENERAL)
$1,490,000
Change: +6% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$1,335,000
Change: -5% · Conversion: Easy
RETAIL STORES
$1,305,000
Change: -7% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,270,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$1.20M
Range $1.08M – $1.31M · ±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
$65 / 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
$64,652
Tax year 2023
Assessed value
$667,000
Assessed 2023
Previous assessed
$667,000
+0.0% YoY
Effective rate
9.69%
On assessed value
Assessed land
$131,350
Assessed improvement
$535,650
Land market value
$525,400
Improvement market value
$2,142,600
Total market value
$2,668,000
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
2003
Construction
CONCRETE
Heating
YES
Cooling
AC.PACKAGE
Stories
2
Units
1
Total area
18,294 SF
Lot
1.86 ac (81,022 SF)
Zoning code
BP
APN
DP72830000 0035
UPID
US33-0784553
Jurisdiction
JOHNSON
Zoning & alternative use
BP · Olathe, KSZoning BP · permitted uses
BP · Olathe, KS
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This district allows development of a mix of research and development, office, light assembly, warehousing and limited retail and service uses in a planned business park setting.
Zone name
Business Park
General category
COMMERCIAL
Zone area
1,180.45 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$1.4M
COMMERCIAL (GENERAL)
Est. value
$1.5M
INDUSTRIAL (GENERAL)
Est. value
$1.3M
RETAIL STORES
Est. value
$1.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.3M
AUTO REPAIR, GARAGE Current
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
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
2003
Construction
CONCRETE
Heating
YES
Cooling
Yes
Stories
2
Units
1
Lot
1.86 ac
Current owner
From public records · entity-resolved
Midwest Divisoin Oprmc LLC
Entity
Free & Clear · 10 yrs held
Mailing address
PO BOX 80610, INDIANAPOLIS, IN 46280-0610
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 2, 2015
—
Midwest Divisoin Oprmc LLC
Northwest Investment Associates LLC
Special Warranty Deed
—
Sep 9, 2014
—
Northwest Investment Associates LLC
City Of Olathe
Special Warranty Deed
—
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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