Entity Owned Property summary
AI-generated overview
This exceptional commercial property presents a unique investment opportunity in the thriving city of Olathe, Kansas. Located at 16110 W 135th St, this single-tenant retail space boasts a generous 5,256 square feet situated on a 1.01-acre lot. The property's previous use as an Applebee's restaurant provides a solid foundation for a variety of potential uses, making it an attractive option for both established businesses and new ventures. Its prime location in Johnson County, Kansas, ensures high visibility and accessibility, benefiting from significant foot traffic and convenient access to major roadways. The property's zoning and permitted uses should be verified independently. The ample land area offers potential for expansion or outdoor amenities, adding further value to this already desirable location. The property is ready for immediate occupancy, presenting a streamlined transition for prospective buyers. Detailed property records and site plans are available upon request. This is an excellent chance to acquire a well-positioned commercial property in a dynamic and growing market. The zip code is 66062.
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1997
Construction
FRAME
Total area
5,256 SF
Lot
1.01 ac (43,996 SF)
Zoning code
CP1
APN
DP36330000 0002A
UPID
US33-0287727
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
-
Restaurant
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$535k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$490k
Blend (final)
Blend
$580k
Owner & transaction history
since 2020
3 recorded transactions
Zoning & alternative use
CP1 · Olathe, KS
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.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
4 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
$580k
Value range
$522k – $638k
±10% around blend
Estimated value / SF
$110 / SF
Confidence
Property data
100
Comparable evidence
60
$522k
blend $580k
$638k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
5,256 SF
Lot area
1.01 ac
Year built
1997
Stories
1
APN
DP36330000 0002A
Zoning
CP1
Assessed value
$377,751
Annual tax
$44,203
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
$490k
Range $227k – $490k
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$580k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
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$378k
Move the market yield to see immediate price impact.
Value / SF
$72
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%
$24k
$476k
$340k
$264k
$26k
$529k
$378k
$294k
$29k
$582k
$416k
$323k
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
$44,203
Tax year 2023
Assessed value
$377,751
Assessed 2023
Previous assessed
$337,001
+12.1% YoY
Effective rate
11.70%
On assessed value
Assessed land
$208,408
Assessed improvement
$169,343
Land market value
$833,630
Improvement market value
$677,370
Total market value
$1,511,000
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
1997
Construction
FRAME
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
5,256 SF
Lot
1.01 ac (43,996 SF)
Zoning code
CP1
APN
DP36330000 0002A
UPID
US33-0287727
Jurisdiction
JOHNSON
Zoning & alternative use
CP1 · Olathe, KSZoning CP1 · permitted uses
CP1 · 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
1997
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
1.01 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
CP1
Jurisdiction
Olathe, KS
Recorded code
CP1
Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
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
Private report access
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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