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Property profile & analytics
OFF-MARKET
Estimated value
$795,000
Warehouses
1125 Dennis Ave Olathe, KS 66061-5229
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US33-0244494
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1988
Construction
CONCRETE BLOCKS
Total area
13,992 SF
Lot
1.8 ac (78,408 SF)
Zoning code
M2
APN
DP71670000 0003A
UPID
US33-0244494
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
-
Pebco Enterprises Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$620k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$972k
Blend (final)
Blend
$795k
Owner & transaction history
Pl Southwest Business Park LLC · 2 yrs held
Pl Southwest Business Park LLC
since 2023
3 recorded transactions
Zoning & alternative use
M2 · Olathe, KS
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.1M
+59.9%
Auto repair, garage
$1.1M
+51.1%
Industrial (general)
$1.0M
+43.3%
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
$620,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$715,000
Current use
COMMERCIAL (GENERAL)
$1,140,000
Change: +60% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,075,000
Change: +51% · Conversion: Easy
INDUSTRIAL (GENERAL)
$1,020,000
Change: +43% · Conversion: Easy
RETAIL STORES
$1,000,000
Change: +40% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$970,000
Change: +36% · Conversion: Moderate
Blend value · Realmo final
$795k
Range $716k – $875k · ±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
$57 / 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
$41,453
Tax year 2023
Assessed value
$354,251
Assessed 2023
Previous assessed
$354,251
+0.0% YoY
Effective rate
11.70%
On assessed value
Assessed land
$68,638
Assessed improvement
$285,613
Land market value
$274,550
Improvement market value
$1,142,450
Total market value
$1,417,000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1988
Construction
CONCRETE BLOCKS
Heating
SPACE
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Units
1
Total area
13,992 SF
Lot
1.8 ac (78,408 SF)
Zoning code
M2
APN
DP71670000 0003A
UPID
US33-0244494
Jurisdiction
JOHNSON
Zoning & alternative use
M2 · Olathe, KS
Zoning M2 · permitted uses
M2 · 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
WAREHOUSE, STORAGE Current
Est. value
$715,000
COMMERCIAL (GENERAL)
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$1.1M
INDUSTRIAL (GENERAL)
Est. value
$1.0M
RETAIL STORES
Est. value
$1.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$970,000
WAREHOUSE, STORAGE 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
1988
Construction
CONCRETE BLOCKS
Heating
SPACE
Cooling
Yes
Stories
1
Buildings
2
Units
1
Lot
1.8 ac
Current owner
From public records · entity-resolved
Pl Southwest Business Park LLC
Entity
Mailing address
8826 SANTA FE DR STE #300, OVERLAND PARK, KS 66212-3672
Mailing matches property
Different — outreach signal
Owner-occupied
No
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 22, 2023
—
Pl Southwest Business Park LLC
Southwest Business Park LLC
Special Warranty Deed
$1,625,000 · Ameritas Life Insurance Corp
Jan 14, 2020
—
Southwest Business Park LLC
David E Stansfield
Quit Claim Deed
related
—
Dec 20, 2017
—
David E Stansfield
—
Deed
related
$550,000 · Capital City 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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