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Property profile & analytics
OFF-MARKET
Estimated value
$550,000
Warehouses
15585 Keeler St Olathe, KS 66062-3517
Individually Owned
10-yr Hold
Free & Clear
Property ID
US33-0397383
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1981
Construction
CONCRETE
Total area
10,171 SF
Lot
2.04 ac (88,862 SF)
Zoning code
CTY IP-2
APN
DP47050000 0002
UPID
US33-0397383
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
-
Trilogy Cultural Arts Centre Theater & Performing Art Venue
-
Trilogy Cultural Arts High School
-
PTM Engineered Foundation Construction General Contractor
-
Ronin Stunt Company Training Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$515k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$585k
Blend (final)
Blend
$550k
Owner & transaction history
William R Miller · 10 yrs held
William R Miller
since 2016
1 recorded transaction
Zoning & alternative use
CTY IP-2 · Olathe, KS
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$700,000
+53.4%
Commercial (general)
$685,000
+50.2%
Auto repair, garage
$675,000
+48.0%
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
$515,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$455,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$700,000
Change: +53% · Conversion: Moderate
COMMERCIAL (GENERAL)
$685,000
Change: +50% · Conversion: Difficult
AUTO REPAIR, GARAGE
$675,000
Change: +48% · Conversion: Easy
RETAIL STORES
$595,000
Change: +31% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$460,000
Change: +1% · Conversion: Easy
Blend value · Realmo final
$550k
Range $495k – $605k · ±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
$54 / 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
$33,964
Tax year 2023
Assessed value
$290,250
Assessed 2023
Previous assessed
$279,750
+3.8% YoY
Effective rate
11.70%
On assessed value
Assessed land
$77,575
Assessed improvement
$212,675
Land market value
$310,300
Improvement market value
$850,700
Total market value
$1,161,000
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
1981
Construction
CONCRETE
Heating
SPACE
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Units
1
Total area
10,171 SF
Lot
2.04 ac (88,862 SF)
Zoning code
CTY IP-2
APN
DP47050000 0002
UPID
US33-0397383
Jurisdiction
JOHNSON
Zoning & alternative use
CTY IP-2 · Olathe, KSZoning CTY IP-2 · permitted uses
CTY IP-2 · Olathe, KS
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$455,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$700,000
COMMERCIAL (GENERAL)
Est. value
$685,000
AUTO REPAIR, GARAGE
Est. value
$675,000
RETAIL STORES
Est. value
$595,000
INDUSTRIAL (GENERAL)
Est. value
$460,000
WAREHOUSE, STORAGE Current
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
INDUSTRIAL (GENERAL)
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
1981
Construction
CONCRETE
Heating
SPACE
Cooling
Yes
Stories
1
Buildings
2
Units
1
Lot
2.04 ac
Current owner
From public records · entity-resolved
William R Miller
Individual
Free & Clear · 10 yrs held
Mailing address
15520 S MAHAFFIE ST, OLATHE, KS 66062-4040
Ownership since
2016
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 27, 2016
—
William R Miller
William R Miller
Warranty Deed
related
—
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.
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