16560 Indian Crk Pkwy Olathe, KS 66062-1370
This exceptional 2.74-acre commercial land parcel, located at 16560 Indian Creek Parkway in Olathe, Kansas, presents a unique development opportunity. The property boasts a sizable 119,316 square feet of flat, buildable land, ideally situated within a thriving community. Its strategic location offers excellent visibility and accessibility, surrounded by a mix of residential, multifamily, and office buildings. This ensures a strong potential for attracting a diverse range of businesses and clientele. The property is zoned for office use, providing flexibility for various development plans. A recent county appraisal valued the land at $410,000, significantly exceeding the current asking price of $240,000, representing a compelling investment opportunity. The address is 16560 Indian Creek Parkway, Olathe, KS 66062, within Johnson County. This prime location offers easy access to major transportation routes and amenities, making it an attractive proposition for developers and investors seeking a high-return investment in a rapidly growing area. The property's flat terrain simplifies development, minimizing site preparation costs and accelerating project timelines. Don't miss this chance to acquire a valuable commercial land asset in a desirable Olathe location at a significantly discounted price.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.