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    Property profile & analytics

    16120 135th St Olathe, KS 66062-1517

    • Strip malls
    • 22,433 SF
    • 3.58 lot acres
    OFF-MARKET
    Value Estimation
    $950,000
    Last Sale
    Oct 21, 2022
    Location Intelligence
    Property ID
    US33-0448174
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • The Hair Shop / Beauty Salon / Hair Salon

    Property Details for 16120 135th St

    Year built
    1996
    Construction
    CONCRETE BLOCKS
    Lot size
    3.58 lot acres
    Property size
    22,433 SF
    Zone code
    CP1
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    DP36330000 0001A
    APU
    DP363300000001A

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,000,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,020,000
      6.5%
      $985,000
      7%
      $1,170,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $955,000
      Geo Method
      $870,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $875,000
      Retail
      $1,160,000
      Mixed-Use
      $1,130,000
      Hospitality
      $885,000
      Educational
      $1,030,000
      Residential Income
      $1,100,000
      Energy
      $910,000
      Income-Based Land
      $880,000
      Food Service
      $1,055,000

    Location Insight

    • Map
    • Local Demand
    City
    Olathe
    County
    Johnson
    State
    Kansas
    Longitude
    -94.7711
    Latitude
    38.8844
    CBSA code
    28140
    CBSA name
    KANSAS CITY, MO-KS METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $69,011
    $468,003
    $121,748
    $589,751
    -
    $1,872,010
    $486,990
    $2,359,000

    Comparable in this City

    • Value Estimation by Request
      4,200 SF

      16695 151st St

      SHOPPING CENTER, STRIP CENTER • 4,200 SF
      16695 151st St, Olathe, KS 66062-5641
      View Details
    • Value Estimation by Request
      20,520 SF

      1473 151st St

      SHOPPING CENTER, STRIP CENTER • 20,520 SF
      1473 151st St, Olathe, KS 66062-2854
      View Details
    • Value Estimation
      $775,000
      7,740 SF

      14317 135th St

      SHOPPING CENTER, STRIP CENTER • 7,740 SF
      14317 135th St, Olathe, KS 66062-9400
      View Details
    • Value Estimation
      $745,000
      10,602 SF

      15024 Blackbob Rd

      SHOPPING CENTER, STRIP CENTER • 10,602 SF
      15024 Blackbob Rd, Olathe, KS 66062-2663
      View Details
    • Value Estimation
      $675,000
      7,648 SF

      12704 Blackbob Rd

      SHOPPING CENTER, STRIP CENTER • 7,648 SF
      12704 Blackbob Rd, Olathe, KS 66062-1409
      View Details
    • Value Estimation
      $755,000
      13,944 SF

      15971 Bradley Dr

      SHOPPING CENTER, STRIP CENTER • 13,944 SF
      15971 Bradley Dr, Olathe, KS 66062-3925
      View Details

    Similar Nearby for Sale

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      New construction drive-through restaurant in growing Kansas City suburb.
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      Prime Olathe location, build-to-suit options.
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      High-traffic retail space near Hy-Vee.
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    Similar Nearby for Lease

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      Retail space available in Olathe neighborhood center.
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    • $20 SF/Yr
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      Olathe, KS Office Space Available Now
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    • $21 SF/Yr
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      Retail Space in Grocery-Anchored Center

      Retail spaces available in a high-traffic, grocery-anchored shopping center.
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    • Contact for pricing
      7,920 SF

      Retail Space in High-Traffic Corridor

      Retail space with high visibility and easy highway access.
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      View Details
    • Contact for pricing
      1,550 SF

      Retail Space in High-Traffic Corridor

      Retail space with high visibility and easy highway access.
      14905-14995 W 119Th St, Olathe, KS 66062
      View Details
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    Olathe, KS 66062-1517
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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