Entity Owned Property summary
AI-generated overview
This exceptional 18,000-square-foot industrial warehouse, located at 14872 W. 117th Street in Olathe, Kansas, presents a significant opportunity for businesses seeking a single-tenant space. Situated on a 0.33-acre lot in Johnson County, this property boasts a 17-foot ceiling height, providing ample vertical storage capacity. The building features one dock-high door and three drive-in doors, ensuring efficient loading and unloading operations. Heavy power is available, catering to businesses with significant energy demands. The entire 18,000 square feet is currently vacant, offering immediate occupancy for a new tenant. The property's strategic location in Olathe, Kansas, zip code 66062, provides easy access to major transportation routes, making it an ideal distribution hub. This single-tenant warehouse is perfect for a variety of industrial uses, offering a combination of space, accessibility, and power capabilities. The property is ready for immediate occupancy. Contact us today to schedule a viewing.
Property profile
Verified
Property type
Manufacturing properties
Use group
HEAVY MANUFACTURING
Year built
1983
Construction
STEEL FRAME
Total area
18,000 SF
Lot
1.26 ac (54,886 SF)
Zoning code
M2
APN
DP50200000 0002
UPID
US33-0562029
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
General Contractor Construction Company
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$660k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$772k
Blend (final)
Blend
$715k
Owner & transaction history
since 2023
1 recorded transaction
Zoning & alternative use
M2 · Olathe, KS
Top alternative use upside
Retail stores
$1.1M
+29.7%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
3 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$715k
Value range
$644k – $787k
±10% around blend
Estimated value / SF
$40 / SF
Confidence
Property data
100
Comparable evidence
60
$644k
blend $715k
$787k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
18,000 SF
Lot area
1.26 ac
Year built
1983
Stories
1
APN
DP50200000 0002
Zoning
M2
Assessed value
$254,906
Annual tax
$29,834
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$772k
Range $224k – $1.70M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$715k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Alternative use screening
Partial preview
Top alternative use
Retail Stores
Gross theoretical uplift
+30%
vs current-use indication
Industrial (general) · current use
Warehouse, Storage
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$255k
Move the market yield to see immediate price impact.
Value / SF
$14
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$16k
$321k
$229k
$178k
$18k
$357k
$255k
$198k
$20k
$393k
$280k
$218k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$29,834
Tax year 2023
Assessed value
$254,906
Assessed 2023
Previous assessed
$254,906
+0.0% YoY
Effective rate
11.70%
On assessed value
Assessed land
$48,123
Assessed improvement
$206,783
Land market value
$192,490
Improvement market value
$827,130
Total market value
$1,019,620
Applied tax rate
612.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Manufacturing properties
Use group
HEAVY MANUFACTURING
Status
Off-Market
Year built
1983
Construction
STEEL FRAME
Heating
SPACE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
18,000 SF
Lot
1.26 ac (54,886 SF)
Zoning code
M2
APN
DP50200000 0002
UPID
US33-0562029
Jurisdiction
JOHNSON
Zoning & alternative use
M2 · Olathe, KSZoning M2 · permitted uses
M2 · Olathe, KS
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1983
Construction
STEEL FRAME
Heating
SPACE
Cooling
Yes
Stories
1
Units
1
Lot
1.26 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
M2
Jurisdiction
Olathe, KS
Recorded code
M2
Ownership Intelligence
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What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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See the ownership record for this address.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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