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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    21250 151st St Olathe, KS 66061-8100

    • Assisted living facilities
    • 68,054 SF
    • 6.00 lot acres
    OFF-MARKET
    Value Estimations
    $1,655,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US33-1054076
    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.

    Current Use by Public Records

    • The Healthcare Resort of Olathe / Rehabilitation Center / Assisted Living Facility
    • Jeena Eapen / Internist
    • JEENA VIJI EAPEN / Internist
    • Sarah Payne / Nurse Practitioner

    Property Details for 21250 151st St

    Year built
    2014
    Construction
    FRAME
    Lot size
    6.00 lot acres
    Property size
    68,054 SF
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    DP42470000 0001
    APU
    DP424700000001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $1,375,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,929,000
      Market price range: $819k - $2.27M

    • Alternative Use

      Use
      Estimation
      HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
      $1,480,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Olathe
    County
    Johnson
    State
    Kansas
    Longitude
    -94.8314
    Latitude
    38.8554
    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
    $171,076
    $87,038
    $1,375,763
    $1,462,801
    -
    $756,850
    $11,963,160
    $12,720,010

    Comparable in this City

    • Value Estimation
      $1,105,000
      50,891 SF

      11860 Sunset Dr

      HOMES (RETIRED, NURSING) • 50,891 SF
      11860 Sunset Dr, Olathe, KS 66061-2792
      View Details
    • Value Estimation
      $1,720,000
      165,093 SF

      21810 119th Ter

      HOMES (RETIRED, NURSING) • 165,093 SF
      21810 119th Ter, Olathe, KS 66061-5729
      View Details
    • Value Estimation
      $4,570,000
      210,283 SF

      15325 Lone Elm Rd

      HOMES (RETIRED, NURSING) • 210,283 SF
      15325 Lone Elm Rd, Olathe, KS 66061-5416
      View Details
    • Value Estimation by Request
      12,582 SF

      572 Park St, Unit 1

      HOMES (RETIRED, NURSING) • 12,582 SF
      572 Park St, Olathe, KS 66061-5426
      View Details
    • Value Estimation
      $4,605,000
      211,785 SF

      17500 119th St

      HOMES (RETIRED, NURSING) • 211,785 SF
      17500 119th St, Olathe, KS 66061-9522
      View Details
    • Value Estimation
      $1,620,000
      74,530 SF

      20705 151st St

      HOMES (RETIRED, NURSING) • 74,530 SF
      20705 151st St, Olathe, KS 66061-7222
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1.41 Acres

      Olathe Commercial Land - 1.41 Acres

      Prime Olathe business park land, excellent access.
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      Olathe, KS Commercial Land Opportunity

      Prime 4.78-acre business park site.
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    • $349,000
      9.55 Acres

      Olathe Land: 9.55 Acres, $349K

      Prime Olathe acreage, residential/agricultural potential.
      6 151St St, Olathe, KS 66061
      View Details
    • Contact for pricing
      6.33 Acres

      Lenexa Commercial Land - 6.33 Acres

      Prime Johnson County development site.
      K-10 Hwy & Cedar Crk Pkwy, Lenexa, KS 66061
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    • $242,900
      1.71 Acres

      Olathe Land: 1.71 Acres, Build Your Dream Home

      Rare 1.71-acre lot, rural setting, city proximity.
      25480 131St St, Olathe, KS 66061
      View Details
    • $349,000
      9.55 Acres

      Olathe, KS: 9.55 Acres Residential Land

      Prime Olathe acreage, build your dream home.
      5 151St St, Olathe, KS 66061
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,400 SF

      Olathe Office Space For Rent

      White-box office space near Downtown Olathe with updated bathrooms.
      108 E Cedar St, Olathe, KS 66061
      View Details
    • Contact for pricing
      3,348 SF

      Retail Space in Olathe, KS

      Retail space available for lease in Olathe, Kansas.
      11106-11118 S Lone Elm Rd, Olathe, KS 66061
      View Details
    • Contact for pricing

      Olathe Land for Lease

      0.93 acres available with monument signage and great visibility.
      W Santa Fe St, Olathe, KS 66061
      View Details
    • $4,290 /Mo
      87,120 SF

      Olathe Office Warehouse with Storage

      Office warehouse with outdoor storage and climate control system.
      2133 E Kansas City Rd, Olathe, KS 66061
      View Details
    • $14 SF/Yr
      96,422 SF

      Southwest Plaza Retail Center

      Olathe, KS: Prime Retail Space Available
      873 Parker St, Olathe, KS 66061
      View Details
    • $3,045,000
      16,022 SF

      Olathe Warehouse with Yard

      16,022 SF warehouse on 2.3 acres with yard.
      1160 W 149Th St, Olathe, KS 66061
      View Details
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    21250 151st St
    Olathe, KS 66061-8100
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    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
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