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Property profile & analytics
OFF-MARKET
Estimated value
$530,000
Distribution centers
1220 Hamilton Cir Olathe, KS 66061-5371
Entity Owned
Absentee Owner
Free & Clear
Property ID
US33-0311433
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1994
Construction
CONCRETE BLOCKS
Total area
9,000 SF
Lot
2.2 ac (95,832 SF)
Zoning code
M2
APN
DP1670000C 0005A
UPID
US33-0311433
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
-
KC Bobcat (Bike/Boat/Book/etc) Store Rental Equipment Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$525k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$530k
Blend (final)
Blend
$530k
Owner & transaction history
SB VENTURES, LLC
SB VENTURES, LLC
Zoning & alternative use
M2 · Olathe, KS
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$735,000
+59.9%
Auto repair, garage
$695,000
+51.1%
Industrial (general)
$655,000
+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
$525,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$460,000
Current use
COMMERCIAL (GENERAL)
$735,000
Change: +60% · Conversion: Difficult
AUTO REPAIR, GARAGE
$695,000
Change: +51% · Conversion: Easy
INDUSTRIAL (GENERAL)
$655,000
Change: +43% · Conversion: Easy
RETAIL STORES
$645,000
Change: +40% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$625,000
Change: +36% · Conversion: Moderate
Blend value · Realmo final
$530k
Range $477k – $583k · ±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
$59 / 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
$22,584
Tax year 2023
Assessed value
$193,001
Assessed 2023
Previous assessed
$191,001
+1.0% YoY
Effective rate
11.70%
On assessed value
Assessed land
$83,678
Assessed improvement
$109,323
Land market value
$334,710
Improvement market value
$437,290
Total market value
$772,000
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1994
Construction
CONCRETE BLOCKS
Heating
SPACE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
9,000 SF
Lot
2.2 ac (95,832 SF)
Zoning code
M2
APN
DP1670000C 0005A
UPID
US33-0311433
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
$460,000
COMMERCIAL (GENERAL)
Est. value
$735,000
AUTO REPAIR, GARAGE
Est. value
$695,000
INDUSTRIAL (GENERAL)
Est. value
$655,000
RETAIL STORES
Est. value
$645,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$625,000
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
1994
Construction
CONCRETE BLOCKS
Heating
SPACE
Cooling
Yes
Stories
1
Units
1
Lot
2.2 ac
Current owner
From public records · entity-resolved
SB VENTURES, LLC
Entity
Free & Clear · 0 yrs held
Mailing address
2402 E 37TH ST N, WICHITA, KS 67219-3538
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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