Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    11850 Strang Line Rd Olathe, KS 66062-5288
    Back to Search
    Property profile & analytics

    11850 Strang Line Rd, Olathe, KS 66062-5288

    View on Map
    • Outlet malls
    • 114,583 SF
    • 10.55 lot acres
    Off-Market
    Property ID
    US33-0624930
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $2,780,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Garden Center at The Home Depot / Garden Center
    • Pro Desk at The Home Depot / Big Box & Wholesale Store / Building Supply
    • Truck Rental Center at The Home Depot / Car Rental Facility
    • Home Services at The Home Depot / Plumbing Service / General Contractor
    • The Home Depot / Building Supply / Hardware & Home Improvement

    Property Details for 11850 Strang Line Rd

    Year built
    1997
    Construction
    CONCRETE BLOCKS
    Lot size
    10.55 lot acres
    Zone code
    CP-2
    Property type
    Outlet malls
    Property subtype
    Shopping centers
    APN
    DP73760000 0001
    APU
    DP737600000001

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jul 10, 2007 — Hd Development Of Maryland INC Home Depot U S A INC Warranty Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Olathe
    County
    Johnson
    State
    Kansas
    Longitude
    -94.7675
    Latitude
    38.9138
    CBSA code
    28140
    CBSA name
    KANSAS CITY, MO-KS METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $316,619
    $794,495
    $1,911,255
    $2,705,750
    -
    $3,177,980
    $7,645,020
    $10,823,000

    Comparable in this City

    • Value Estimation by Request
      2.39 Acres

      13650 Alden St

      WHOLESALE OUTLET, DISCOUNT STORE
      13650 Alden St, Olathe, KS 66062
      View Details
    • Value Estimation
      $4,360,000
      196,031 SF

      14011 135th St

      WHOLESALE OUTLET, DISCOUNT STORE
      14011 135th St, Olathe, KS 66062-6254
      View Details
    • Value Estimation
      $1,735,000
      62,061 SF

      16665 151st St

      WHOLESALE OUTLET, DISCOUNT STORE
      16665 151st St, Olathe, KS 66062-5641
      View Details
    • Value Estimation by Request
      2.48 Acres

      13520 Alden St

      WHOLESALE OUTLET, DISCOUNT STORE
      13520 Alden St, Olathe, KS 66062
      View Details
    • Value Estimation
      $3,480,000
      183,062 SF

      15345 119th St

      WHOLESALE OUTLET, DISCOUNT STORE
      15345 119th St, Olathe, KS 66062-1074
      View Details
    • Value Estimation by Request
      0.41 Acres

      Olathe, KS 66062

      WHOLESALE OUTLET, DISCOUNT STORE
      Olathe, KS 66062
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      47,562 SF

      Olathe Retail Investment Opportunity

      Premier retail plaza in Olathe, Kansas with high traffic.
      11912 South Strang Line Rd, Olathe, KS 66062
      View Details
    • $3,000,000
      6.60 Acres

      Olathe Mixed-Use Development Opportunity

      9-acre mixed-use property near 151st and Mur Len Road.
      151 151St St, Olathe, KS 66062
      View Details
    • Contact for pricing
      7,662 SF

      Retail Space in Power Center

      Retail space with strong corporate guaranty and highway access.
      11981 S Strang Line Rd, Olathe, KS 66062
      View Details
    • Contact for pricing
      3,381 SF

      New Drive-Through Restaurant Opportunity

      New construction drive-through restaurant in growing Kansas City suburb.
      14123 W 135Th St, Olathe, KS 66062
      View Details
    • Contact for pricing
      4,388 SF

      Olathe Retail Space Available

      Retail property available for lease in Olathe, Kansas.
      13900 W 135Th St, Olathe, KS 66062
      View Details
    • $5,550,000
      13.50 Acres

      K-10 Commerce Centre: Olathe, KS

      Retail & Land Development Opportunity
      11000 Monticello Ter, Olathe, KS 66062
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,000 SF

      Retail Space in High-Traffic Area

      1,000 SF retail space available in Olathe, Kansas.
      15149 119Th St, Olathe, KS 66062
      View Details
    • Contact for pricing
      3,000 SF

      Retail Space in High-Traffic Corridor

      Retail space with high visibility and easy highway access.
      14905-14995 W 119Th St, Olathe, KS 66062
      View Details
    • Contact for pricing
      4,000 SF

      Retail Space in High-Traffic Corridor

      Retail space with high visibility and easy highway access.
      14615-14695 W 119Th St, Olathe, KS 66062
      View Details
    • Contact for pricing

      Retail Space in Olathe Center

      Retail space for lease in renovated Olathe shopping center.
      16630 W 135Th St, Olathe, KS 66062
      View Details
    • Contact for pricing
      24,826 SF

      Olathe Retail Space Available

      High-profile retail space with strong demographics and excellent visibility.
      15350 W 119Th St, Olathe, KS 66062
      View Details

    Property Visit Statistics

    • Visits by month
      67.2k
    • Visitors by month
      44.1k
    • Avg Time on site
      22 min
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    11850 Strang Line Rd
    Olathe, KS 66062-5288
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    11850 Strang Line Rd, Olathe, KS, 66062
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!