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Property profile & analytics
OFF-MARKET
Estimated value
$585,000
Day care centers
16310 159th Ter Olathe, KS 66062-4025
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US33-0455536
Property profile
Verified
Property type
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Year built
2002
Construction
FRAME
Total area
5,884 SF
Lot
0.66 ac (28,660 SF)
Zoning code
NC
APN
DP00330000 0001
UPID
US33-0455536
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
-
Shining Stars Daycare Center Training Center Tutoring Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$585k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$585k
Blend (final)
Blend
$585k
Owner & transaction history
South Pelle Assets LLC · 7 yrs held
South Pelle Assets LLC
since 2018
2 recorded transactions
Zoning & alternative use
NC · Olathe, KS
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The N (Neighborhood) District provides for mixed use centers where designated in the Comprehensive Plan, or as part of a master planned development. This district implements the mixed use and mixed income neighborhood policies of PlanOlathe. The N district is required for rezoning applications that fall within both a center (such as Community Commercial and…
Zone name
Neighborhood Center
General category
PLANNED_DEVELOPMENT
Zone area
64.78 ac
Source
Realmo
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
$585,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE
$500,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$405,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$585k
Range $527k – $644k · ±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
$99 / 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
$35,411
Tax year 2023
Assessed value
$302,618
Assessed 2023
Previous assessed
$259,538
+16.6% YoY
Effective rate
11.70%
On assessed value
Assessed land
$71,493
Assessed improvement
$231,125
Land market value
$285,970
Improvement market value
$924,500
Total market value
$1,210,470
Applied tax rate
611.0000
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
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Status
Off-Market
Year built
2002
Construction
FRAME
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
5,884 SF
Lot
0.66 ac (28,660 SF)
Zoning code
NC
APN
DP00330000 0001
UPID
US33-0455536
Jurisdiction
JOHNSON
Zoning & alternative use
NC · Olathe, KSZoning NC · permitted uses
NC · Olathe, KS
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The N (Neighborhood) District provides for mixed use centers where designated in the Comprehensive Plan, or as part of a master planned development. This district implements the mixed use and mixed income neighborhood policies of PlanOlathe. The N district is required for rezoning applications that fall within both a center (such as Community Commercial and Neighborhood Commercial) and mixed-use residential neighborhood land use categories of PlanOlathe.
Zone name
Neighborhood Center
General category
PLANNED_DEVELOPMENT
Zone area
64.78 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE Current
Est. value
$500,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$405,000
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE Current
NEIGHBORHOOD: SHOPPING CENTER
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
2002
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
0.66 ac
Current owner
From public records · entity-resolved
South Pelle Assets LLC
Entity
Mailing address
3315 CAMPBELL ST, KANSAS CITY, MO 64109-1737
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 27, 2018
—
South Pelle Assets LLC
Arborcreek LLC
Special Warranty Deed
$897,635 · National Bank Of Kansas City
Mar 26, 2013
—
Arborcreek LLC
Arbor Creek Daycare INC
Warranty Deed
$750,000 · Southwest National 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.
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