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Property profile & analytics
OFF-MARKET
Estimated value
$675,000
Automotive properties
21020 151st St Olathe, KS 66061-7200
Entity Owned
Absentee Owner
Free & Clear
Property ID
US33-0485350
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
2003
Construction
CONCRETE
Total area
7,110 SF
Lot
1.04 ac (45,302 SF)
Zoning code
C-1
APN
DP52050000 0001
UPID
US33-0485350
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
-
Dr. Milton Grin Ophthalmologist
-
Grin Eye Care Physician
-
Dr. Barbara Wolock Ophthalmologist
-
Jennifer P. Johnson, OD Physician
-
Grin Eye Care: Couch Jeffrey M MD Ophthalmologist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$550k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$802k
Blend (final)
Blend
$675k
Owner & transaction history
SPENCER REALTY LLC
SPENCER REALTY LLC
Zoning & alternative use
C-1 · Olathe, KS
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This district provides for development of small-scale neighborhood office, low intensity retail business, civic, and residential uses
Zone name
Retail Business
General category
CIVIC_INSTITUTIONAL
Zone area
53.78 ac
Source
Realmo
Top alternative use upside
Office building
$1.0M
+83.1%
Commercial (general)
$580,000
+5.9%
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
$550,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$545,000
Current use
OFFICE BUILDING
$1,000,000
Change: +83% · Conversion: Difficult
COMMERCIAL (GENERAL)
$580,000
Change: +6% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$520,000
Change: -5% · Conversion: Easy
RETAIL STORES
$510,000
Change: -7% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$495,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$675k
Range $608k – $743k · ±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
$95 / 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
$40,108
Tax year 2023
Assessed value
$342,751
Assessed 2023
Previous assessed
$330,501
+3.7% YoY
Effective rate
11.70%
On assessed value
Assessed land
$116,123
Assessed improvement
$226,628
Land market value
$464,490
Improvement market value
$906,510
Total market value
$1,371,000
Applied tax rate
8.0000
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
2003
Construction
CONCRETE
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
7,110 SF
Lot
1.04 ac (45,302 SF)
Zoning code
C-1
APN
DP52050000 0001
UPID
US33-0485350
Jurisdiction
JOHNSON
Zoning & alternative use
C-1 · Olathe, KSZoning C-1 · permitted uses
C-1 · Olathe, KS
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This district provides for development of small-scale neighborhood office, low intensity retail business, civic, and residential uses
Zone name
Retail Business
General category
CIVIC_INSTITUTIONAL
Zone area
53.78 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$545,000
OFFICE BUILDING
Est. value
$1.0M
COMMERCIAL (GENERAL)
Est. value
$580,000
INDUSTRIAL (GENERAL)
Est. value
$520,000
RETAIL STORES
Est. value
$510,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$495,000
AUTO REPAIR, GARAGE Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
2003
Construction
CONCRETE
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
1.04 ac
Current owner
From public records · entity-resolved
SPENCER REALTY LLC
Entity
Free & Clear · 0 yrs held
Mailing address
4308 W 126TH TER, LEAWOOD, KS 66209-2287
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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