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Property profile & analytics
OFF-MARKET
Estimated value
$22,345,000
Distribution centers
16231 Lone Elm Rd Olathe, KS 66062-9237
Entity Owned
9-yr Hold
Free & Clear
Property ID
US33-1539763
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2015
Total area
499,084 SF
Lot
28.99 ac (1,262,637 SF)
APN
DP50900000 0001
UPID
US33-1539763
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
-
Quality Packaging Industrial Manufacturer Factory
-
Roof Repair Pros Olathe Roofing Company General Contractor
-
Frito Lay Warehouse Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$22.34M
Blend (final)
Blend
$22.35M
Owner & transaction history
Stag Industrial Holdings LLC · 9 yrs held
Stag Industrial Holdings LLC
since 2016
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$34.3M
+53.4%
Commercial (general)
$33.6M
+50.2%
Auto repair, garage
$33.1M
+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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$22,345,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$34,270,000
Change: +53% · Conversion: Moderate
COMMERCIAL (GENERAL)
$33,570,000
Change: +50% · Conversion: Difficult
AUTO REPAIR, GARAGE
$33,070,000
Change: +48% · Conversion: Easy
RETAIL STORES
$29,230,000
Change: +31% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$22,545,000
Change: +1% · Conversion: Easy
Blend value · Realmo final
$22.35M
Range $20.11M – $24.58M · ±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
$45 / 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
$414,255
Tax year 2023
Land market value
$2,020,220
Improvement market value
$26,300,780
Total market value
$28,321,000
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
2015
Heating
SPACE
Cooling
AC.PACKAGE
Stories
1
Total area
499,084 SF
Lot
28.99 ac (1,262,637 SF)
APN
DP50900000 0001
UPID
US33-1539763
Jurisdiction
JOHNSON
Zoning & alternative use
Zoning · permitted uses
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
$22.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$34.3M
COMMERCIAL (GENERAL)
Est. value
$33.6M
AUTO REPAIR, GARAGE
Est. value
$33.1M
RETAIL STORES
Est. value
$29.2M
INDUSTRIAL (GENERAL)
Est. value
$22.5M
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
2015
Heating
SPACE
Cooling
Yes
Stories
1
Lot
28.99 ac
Current owner
From public records · entity-resolved
Stag Industrial Holdings LLC
Entity
Free & Clear · 9 yrs held
Mailing address
1 FEDERAL ST FL, BOSTON, MA 02110-2013
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
Nov 8, 2016
—
Stag Industrial Holdings LLC
Ao Lone Elm Owner (nr) LLC
Deed
—
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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