Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1904 Santa Fe St Olathe, KS 66062-1611
    Back to Search
    Property profile & analytics

    1904 Santa Fe St, Olathe, KS 66062-1611

    View on Map
    • Retail space
    • 576 SF
    • 0.81 lot acres
    Off-Market
    Property ID
    US33-0305610
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Hertz - Uber Olathe / Car Rental Facility
    • Hertz Car Rental - Olathe - Santa Fe Drive HLE / Car Rental Facility

    Property Details for 1904 Santa Fe St

    Year built
    1981
    Construction
    FRAME
    Lot size
    0.81 lot acres
    Zone code
    CP3
    Property type
    Retail space
    APN
    DP54300000 0003
    APU
    DP543000000003

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 24, 2025 — City Of Olathe A & L Services INC Special Warranty Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Olathe
    County
    Johnson
    State
    Kansas
    Longitude
    -94.7856
    Latitude
    38.8842
    CBSA code
    28140
    CBSA name
    KANSAS CITY, MO-KS METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $25,496
    $114,563
    $103,320
    $217,883
    -
    $458,250
    $413,280
    $871,530

    Comparable in this City

    • Value Estimation by Request
      7,200 SF

      12535 Rogers Rd

      RETAIL STORES (PERSONAL SERVICES)
      12535 Rogers Rd, Olathe, KS 66062-1205
      View Details
    • Value Estimation by Request
      2,253 SF

      1804 Santa Fe St

      RETAIL STORES (PERSONAL SERVICES)
      1804 Santa Fe St, Olathe, KS 66062-1613
      View Details
    • Value Estimation by Request
      1,320 SF

      17500 Woodland Rd

      RETAIL STORES (PERSONAL SERVICES)
      17500 Woodland Rd, Olathe, KS 66062-9536
      View Details
    • Value Estimation by Request
      1,938 SF

      1800 Santa Fe St

      RETAIL STORES (PERSONAL SERVICES)
      1800 Santa Fe St, Olathe, KS 66062-1613
      View Details
    • Value Estimation
      $1,090,000
      21,818 SF

      2011 Santa Fe St

      RETAIL STORES (PERSONAL SERVICES)
      2011 Santa Fe St, Olathe, KS 66062-1608
      View Details
    • Value Estimation
      $2,355,000
      71,641 SF

      14405 135th St

      RETAIL STORES (PERSONAL SERVICES)
      14405 135th St, Olathe, KS 66062-8435
      View Details

    Similar Nearby for Sale

    • $3,000,000
      6.60 Acres

      Olathe Mixed-Use Development Opportunity

      9-acre mixed-use property near 151st and Mur Len Road.
      151 151St St, Olathe, KS 66062
      View Details
    • Contact for pricing
      7,662 SF

      Retail Space in Power Center

      Retail space with strong corporate guaranty and highway access.
      11981 S Strang Line Rd, Olathe, KS 66062
      View Details
    • Contact for pricing
      8,178 SF

      Olathe Retail Investment Opportunity

      Retail property with a strong tenant and long-term lease.
      11815 S Blackbob Rd, Olathe, KS 66062
      View Details
    • Contact for pricing
      7,050 SF

      Retail Building on High-Traffic Corner

      6,810 SF retail building with redevelopment potential in Olathe.
      11965 S Strang Line Rd, Olathe, KS 66062
      View Details
    • Contact for pricing
      10,135 SF

      Olathe Restaurant Building For Sale

      Vacant restaurant building in Olathe Point Lifestyle Center.
      15085 W 119Th St, Olathe, KS 66062
      View Details
    • Contact for pricing
      3,381 SF

      New Drive-Through Restaurant Opportunity

      New construction drive-through restaurant in growing Kansas City suburb.
      14123 W 135Th St, Olathe, KS 66062
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,000 SF

      Retail Space in High-Traffic Corridor

      Retail space with high visibility and easy highway access.
      14905-14995 W 119Th St, Olathe, KS 66062
      View Details
    • Contact for pricing
      4,000 SF

      Retail Space in High-Traffic Corridor

      Retail space with high visibility and easy highway access.
      14615-14695 W 119Th St, Olathe, KS 66062
      View Details
    • Contact for pricing
      1,845 SF

      Retail Space Near Olathe South

      Retail space for lease in a rapidly growing Olathe area.
      1473 E 151St St, Olathe, KS 66062
      View Details
    • Contact for pricing
      1,500 SF

      Retail Space in Neighborhood Center

      Retail suites available in Olathe neighborhood shopping center.
      12705 Mur Len Rd, Olathe, KS 66062
      View Details
    • Contact for pricing
      2,393 SF

      Olathe Retail Space For Lease

      Retail opportunities available in Olathe with strong demographics.
      15330 W 119Th St, Olathe, KS 66062
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1904 Santa Fe St
    Olathe, KS 66062-1611
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1904 Santa Fe St, Olathe, KS, 66062
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!