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Property profile & analytics
FOR LEASE
Office Spaces
18001 West 106Th St Olathe, KS 66061
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US33-1071568
For Lease
1 / 2
$13,465,000
18001 West 106Th St, Olathe, KS 66061
View Listing →
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2007
Total area
140,917 SF
Lot
8.09 ac (352,400 SF)
APN
DP15100000 0012
UPID
US33-1071568
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
-
Geotechnical Engineering Group Engineering Consultant
-
Cargill, Inc Agricultural Service
-
Olathe Economic Development Social Service Agency
-
Garmin International - Product Support Corporate Office
-
Edward Jones - Financial Advisor: Chris Van Keirsbilck Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$14.79M
Blend (final)
Blend
$13.47M
Owner & transaction history
Excelsior Corporate Ridge II LLC · 6 yrs held
Excelsior Corporate Ridge II LLC
since 2020
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$19.9M
+73.0%
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
COMMERCIAL (GENERAL)
$11,485,000
Current use
OFFICE BUILDING
$19,860,000
Change: +73% · Conversion: Easy
AUTO REPAIR, GARAGE
$10,850,000
Change: -6% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$10,290,000
Change: -10% · Conversion: Moderate
RETAIL STORES
$10,065,000
Change: -12% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$9,770,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$13.47M
Range $12.12M – $14.81M · ±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
$96 / 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
$517,742
Tax year 2023
Assessed value
$4,424,501
Assessed 2023
Previous assessed
$4,254,250
+4.0% YoY
Effective rate
11.70%
On assessed value
Assessed land
$440,703
Assessed improvement
$3,983,798
Land market value
$1,762,810
Improvement market value
$15,935,190
Total market value
$17,698,000
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
For Lease
Year built
2007
Heating
YES
Cooling
AC.PACKAGE
Stories
3
Units
1
Total area
140,917 SF
Lot
8.09 ac (352,400 SF)
APN
DP15100000 0012
UPID
US33-1071568
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
COMMERCIAL (GENERAL) Current
Est. value
$11.5M
OFFICE BUILDING
Est. value
$19.9M
AUTO REPAIR, GARAGE
Est. value
$10.9M
INDUSTRIAL (GENERAL)
Est. value
$10.3M
RETAIL STORES
Est. value
$10.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$9.8M
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
RETAIL STORES
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
2007
Heating
YES
Cooling
Yes
Stories
3
Units
1
Lot
8.09 ac
Current owner
From public records · entity-resolved
Excelsior Corporate Ridge II LLC
Entity
Mailing address
104 WOODMONT BLVD STE #203, NASHVILLE, TN 37205-2245
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 4, 2020
—
Excelsior Corporate Ridge II LLC
—
Deed
related
$13,200,000 · Key Bank NA
Jun 16, 2020
—
Excelsior Corporate Ridge II LLC
Corporate Ridge II LLC
Special Warranty Deed
$12,967,500 · Pinncacle Bank
Jul 27, 2018
—
Corporate Ridge II LLC
City Of Olathe
Special Warranty 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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