Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$560,000
Warehouses
15795 Mahaffie St Olathe, KS 66062-4001
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US33-0654051
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2006
Construction
CONCRETE
Total area
10,000 SF
Lot
2.61 ac (113,692 SF)
Zoning code
M-2
APN
DP42370000 0003
UPID
US33-0654051
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
-
Heartland Midwest LLC General Contractor Construction Company
-
Consumer Credit Counseling Services Financial Advisor
-
Mid State Rental Corporate Office (Bike/Boat/Book/etc) Store Rental Equipment Company
-
The Driveway Company General Contractor Construction Company
-
Design Homes Inc. Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$540k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$575k
Blend (final)
Blend
$560k
Owner & transaction history
Chapman Investments LLC · 4 yrs held
Chapman Investments LLC
since 2021
6 recorded transactions
Zoning & alternative use
M-2 · Olathe, KS
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This districts manage the development of heavy and intensive industrial uses, including asphalt plants, feed lots and scrap and waste materials. Most activities will consist of manufacturing or outdoor storage yards.
Zone name
General Industrial
General category
INDUSTRIAL
Zone area
4,027.45 ac
Source
Realmo
Top alternative use upside
Neighborhood: shopping center
$685,000
+53.4%
Commercial (general)
$675,000
+50.2%
Auto repair, garage
$665,000
+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
$540,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$450,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$685,000
Change: +53% · Conversion: Moderate
COMMERCIAL (GENERAL)
$675,000
Change: +50% · Conversion: Difficult
AUTO REPAIR, GARAGE
$665,000
Change: +48% · Conversion: Easy
RETAIL STORES
$585,000
Change: +31% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$450,000
Change: +1% · Conversion: Easy
Blend value · Realmo final
$560k
Range $504k – $616k · ±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
$56 / 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
$35,924
Tax year 2023
Assessed value
$307,001
Assessed 2023
Previous assessed
$296,501
+3.5% YoY
Effective rate
11.70%
On assessed value
Assessed land
$99,238
Assessed improvement
$207,763
Land market value
$396,950
Improvement market value
$831,050
Total market value
$1,228,000
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
2006
Construction
CONCRETE
Heating
SPACE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
10,000 SF
Lot
2.61 ac (113,692 SF)
Zoning code
M-2
APN
DP42370000 0003
UPID
US33-0654051
Jurisdiction
JOHNSON
Zoning & alternative use
M-2 · Olathe, KSZoning M-2 · permitted uses
M-2 · Olathe, KS
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This districts manage the development of heavy and intensive industrial uses, including asphalt plants, feed lots and scrap and waste materials. Most activities will consist of manufacturing or outdoor storage yards.
Zone name
General Industrial
General category
INDUSTRIAL
Zone area
4,027.45 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$450,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$685,000
COMMERCIAL (GENERAL)
Est. value
$675,000
AUTO REPAIR, GARAGE
Est. value
$665,000
RETAIL STORES
Est. value
$585,000
INDUSTRIAL (GENERAL)
Est. value
$450,000
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
2006
Construction
CONCRETE
Heating
SPACE
Cooling
Yes
Stories
1
Units
1
Lot
2.61 ac
Current owner
From public records · entity-resolved
Chapman Investments LLC
Entity
Mailing address
15795 S MAHAFFIE ST STE #100, OLATHE, KS 66062-4002
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 1, 2021
—
Chapman Investments LLC
Monica Chapman
Deed
—
Jun 5, 2020
—
Chapman Investments LLC
—
Deed
related
$1,360,000 · Sunflower Bank NA
Jan 12, 2017
—
Chapman Investments LLC
City Of Olathe
Special Warranty Deed
—
Dec 21, 2006
—
City Of Olathe Kansas
Chapman Investments LLC
Warranty Deed
—
Dec 14, 2006
—
Champman Investments LLC
Champman Investments LLC
Warranty Deed
related
—
Mar 30, 2006
—
Champman Investments LLC
R Eric Hughes
Warranty Deed
$1,360,000 · Cornerstone Bank
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 15795 Mahaffie 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.
