Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$715,000
Manufacturing properties
14872 117th St Olathe, KS 66062-9304
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US33-0562029
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Environmental Mechanical Contractors, Inc. General Contractor Construction Company
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
10705 South 147th Street LLC · 3 yrs held
10705 South 147th Street LLC
since 2023
1 recorded transaction
Zoning & alternative use
M2 · Olathe, KS
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.1M
+29.7%
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
$660,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$815,000
Current use
RETAIL STORES
$1,055,000
Change: +30% · Conversion: Moderate
WAREHOUSE, STORAGE
$805,000
Change: -1% · Conversion: Easy
Blend value · Realmo final
$715k
Range $644k – $787k · ±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
$40 / 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
$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
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
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, 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
INDUSTRIAL (GENERAL) Current
Est. value
$815,000
RETAIL STORES
Est. value
$1.1M
WAREHOUSE, STORAGE
Est. value
$805,000
INDUSTRIAL (GENERAL) Current
RETAIL STORES
WAREHOUSE, STORAGE
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
1983
Construction
STEEL FRAME
Heating
SPACE
Cooling
Yes
Stories
1
Units
1
Lot
1.26 ac
Current owner
From public records · entity-resolved
10705 South 147th Street LLC
Entity
Mailing address
12330 CARY CIR, LA VISTA, NE 68128-5579
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 14, 2023
—
10705 South 147th Street LLC
Annajo Loscalzo
Special Warranty Deed
$1,213,390 · First National Bank Of Omaha
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 14872 117th St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
