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Property profile & analytics
OFF-MARKET
Estimated value
$6,440,000
Distribution centers
2119 Kansas City Rd Olathe, KS 66061-7050
Entity Owned
9-yr Hold
Free & Clear
Property ID
US33-0668130
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1998
Construction
FRAME
Total area
299,520 SF
Lot
11.4 ac (496,584 SF)
Zoning code
BP
APN
DP36400000 0001D
UPID
US33-0668130
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
-
Schlage Distribution Corporate Office
-
Five Stars Garage Door Repair Building Supply General Contractor
-
Allegion Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.44M
Owner & transaction history
Sealy E Kansas City Road LLC · 9 yrs held
Sealy E Kansas City Road LLC
since 2017
3 recorded transactions
Zoning & alternative use
BP · Olathe, KS
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$22 / 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
$370,768
Tax year 2023
Assessed value
$3,168,501
Assessed 2023
Previous assessed
$3,133,751
+1.1% YoY
Effective rate
11.70%
On assessed value
Assessed land
$310,288
Assessed improvement
$2,858,213
Land market value
$1,241,150
Improvement market value
$11,432,850
Total market value
$12,674,000
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1998
Construction
FRAME
Heating
SPACE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
299,520 SF
Lot
11.4 ac (496,584 SF)
Zoning code
BP
APN
DP36400000 0001D
UPID
US33-0668130
Jurisdiction
JOHNSON
Zoning & alternative use
BP · Olathe, KS
Zoning BP · permitted uses
BP · Olathe, KS
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Olathe. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1998
Construction
FRAME
Heating
SPACE
Cooling
Yes
Stories
1
Units
1
Lot
11.4 ac
Current owner
From public records · entity-resolved
Sealy E Kansas City Road LLC
Entity
Free & Clear · 9 yrs held
Mailing address
575 5TH AVE FL #38, NEW YORK, NY 10017-2427
Ownership since
2017
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
Feb 3, 2020
—
G&i X Industrial Ks LLC
—
Deed
related
$684,600,000 · Bank Of America NA
Jun 29, 2017
—
Sealy E Kansas City Road LLC
Crp-2 Kc Road Industrial LLC
Special Warranty Deed
—
Feb 3, 2010
—
Crp-2 Kc Road Industrial LLC
City Of Olathe Kansas
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.
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