Entity Owned 
For Lease
1 / 12
$19 SF/Yr
18103 West 106Th St, Olathe, KS 66061
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Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2008
Construction
CONCRETE
Total area
91,755 SF
Lot
6.11 ac (266,152 SF)
Zoning code
BP
APN
DP15100000 0008
UPID
US33-0799176
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Corporate Office
-
(Bike/Boat/Book/etc) Store Corporate Office
-
Auto Parts Store Factory
-
Business Broker
-
Advertising Agency Marketing & Advertising
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$10.75M
Blend (final)
Blend
$9.36M
Owner & transaction history
since 2019
4 recorded transactions
Zoning & alternative use
BP · Olathe, KS
Zoning description
This district allows development of a mix of research and development, office, light assembly, warehousing and limited retail and service uses in a planned business park setting.
General category
COMMERCIAL
Top alternative use upside
Office building
$12.9M
+73.0%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
6 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Professional Plan · 30 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$9.36M
Value range
$8.42M – $10.30M
±10% around blend
Estimated value / SF
$102 / SF
Confidence
Property data
100
Comparable evidence
60
Income certainty
100
$8.42M
blend $9.36M
$10.30M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
91,755 SF
Lot area
6.11 ac
Year built
2008
Stories
3
APN
DP15100000 0008
Zoning
BP
Assessed value
$3,284,001
Annual tax
$384,284
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$384,284
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$10.75M
Range $2.81M – $10.75M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$9.36M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Alternative use screening
Partial preview
Top alternative use
Office Building
Gross theoretical uplift
+73%
vs current-use indication
Commercial (general) · current use
Auto Repair, Garage
Industrial (general)
Retail Stores
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
NOI build-up · 9 steps
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$5.99M
Move the market yield to see immediate price impact.
Value / SF
$65
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$377k
$7.54M
$5.39M
$4.19M
$419k
$8.38M
$5.99M
$4.66M
$461k
$9.22M
$6.59M
$5.12M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$384,284
Tax year 2023
Assessed value
$3,284,001
Assessed 2023
Previous assessed
$3,157,500
+4.0% YoY
Effective rate
11.70%
On assessed value
Assessed land
$332,553
Assessed improvement
$2,951,448
Land market value
$1,330,210
Improvement market value
$11,805,790
Total market value
$13,136,000
Applied tax rate
611.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Status
For Lease
Year built
2008
Construction
CONCRETE
Heating
YES
Cooling
AC.PACKAGE
Stories
3
Units
1
Total area
91,755 SF
Lot
6.11 ac (266,152 SF)
Zoning code
BP
APN
DP15100000 0008
UPID
US33-0799176
Jurisdiction
JOHNSON
Zoning & alternative use
BP · Olathe, KSZoning BP · permitted uses
BP · Olathe, KS
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
This district allows development of a mix of research and development, office, light assembly, warehousing and limited retail and service uses in a planned business park setting.
General category
COMMERCIAL
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
2008
Construction
CONCRETE
Heating
YES
Cooling
Yes
Stories
3
Units
1
Lot
6.11 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
BP
COMMERCIAL
Jurisdiction
Olathe, KS
Recorded code
BP
Official district
BP
Official district profile
What the municipal code says about BP
Zoning description
This district allows development of a mix of research and development, office, light assembly, warehousing and limited retail and service uses in a planned business park setting.
General category
COMMERCIAL
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for BP in Olathe, KS.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
Cited sourceThe exact document the profile quotes
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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