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Property profile & analytics
OFF-MARKET
Estimated value
$805,000
Day care centers
11194 Noble Dr Olathe, KS 66061-7528
Entity Owned
~
Est. High Equity
Property ID
US33-0218139
Property profile
Verified
Property type
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Year built
2015
Construction
FRAME
Total area
12,330 SF
Lot
2.15 ac (93,654 SF)
Zoning code
BP
APN
DP72830000 0036
UPID
US33-0218139
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
-
Primrose School of North Olathe Daycare Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$805k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.23M
Blend (final)
Blend
$805k
Owner & transaction history
Bmhw Property Group Of Olathe LLC
Bmhw Property Group Of Olathe LLC
since 2026
5 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
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
$805,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE
$1,045,000
Current use
COMMERCIAL (GENERAL)
$1,005,000
Change: -4% · Conversion: Difficult
AUTO REPAIR, GARAGE
$950,000
Change: -9% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$900,000
Change: -14% · Conversion: Difficult
RETAIL STORES
$880,000
Change: -16% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$855,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$805k
Range $725k – $886k · ±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
$95,579
Tax year 2023
Assessed value
$816,793
Assessed 2023
Previous assessed
$707,583
+15.4% YoY
Effective rate
11.70%
On assessed value
Assessed land
$151,598
Assessed improvement
$665,195
Land market value
$606,390
Improvement market value
$2,660,780
Total market value
$3,267,170
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
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Status
Off-Market
Year built
2015
Construction
FRAME
Heating
NONE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
12,330 SF
Lot
2.15 ac (93,654 SF)
Zoning code
BP
APN
DP72830000 0036
UPID
US33-0218139
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
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE Current
Est. value
$1.0M
COMMERCIAL (GENERAL)
Est. value
$1.0M
AUTO REPAIR, GARAGE
Est. value
$950,000
INDUSTRIAL (GENERAL)
Est. value
$900,000
RETAIL STORES
Est. value
$880,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$855,000
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
2015
Construction
FRAME
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
2.15 ac
Current owner
From public records · entity-resolved
Bmhw Property Group Of Olathe LLC
Entity
Mailing address
11302 W 142ND TER, OVERLAND PARK, KS 66221-8006
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 3, 2026
$4,300,000
Bmhw Property Group Of Olathe LLC
Sp Holdings Olathe LLC
Deed
$3,440,000 · Arvest Bank
Mar 18, 2026
—
Bmhw Property Group Of Olathe LLC
Sp Holdings Olathe LLC
Special Warranty Deed
—
Sep 20, 2019
—
Sp Holdings Olathe LLC
—
Deed
related
$2,649,441 · Arvest Bank
Nov 2, 2016
—
Sp Holdings Olathe LLC
—
Deed
related
$1,321,000 · Heartland Business Capital INC
Jul 8, 2015
—
Sp Holdings Olathe LLC
Leonard B And Eulalia E Mckinzie Fa
Warranty Deed
$1,605,000 · Arvest 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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