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Property profile & analytics
OFF-MARKET
Estimated value
$525,000
Warehouses
235 Kansas Ave Olathe, KS 66061-4436
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US33-0271701
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2000
Construction
FRAME
Total area
10,277 SF
Lot
0.45 ac (19,497 SF)
Zoning code
MP2
APN
DP52000060 0026
UPID
US33-0271701
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
-
Moore Water and Air- Kansas City - Your Authorized EcoWater Dealer Home Appliance Store Hardware & Home Improvement
-
Labor Source Employment Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$480k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$566k
Blend (final)
Blend
$525k
Owner & transaction history
Jm Klika Holdings LLC · 4 yrs held
Jm Klika Holdings LLC
since 2022
4 recorded transactions
Zoning & alternative use
MP2 · Olathe, KS
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$835,000
+59.9%
Auto repair, garage
$790,000
+51.1%
Industrial (general)
$750,000
+43.3%
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
$480,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$525,000
Current use
COMMERCIAL (GENERAL)
$835,000
Change: +60% · Conversion: Difficult
AUTO REPAIR, GARAGE
$790,000
Change: +51% · Conversion: Easy
INDUSTRIAL (GENERAL)
$750,000
Change: +43% · Conversion: Easy
RETAIL STORES
$735,000
Change: +40% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$710,000
Change: +36% · Conversion: Moderate
Blend value · Realmo final
$525k
Range $473k – $578k · ±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
$51 / 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
$24,135
Tax year 2023
Assessed value
$206,250
Assessed 2023
Previous assessed
$176,000
+17.2% YoY
Effective rate
11.70%
On assessed value
Assessed land
$34,120
Assessed improvement
$172,130
Land market value
$136,480
Improvement market value
$688,520
Total market value
$825,000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2000
Construction
FRAME
Heating
SPACE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
10,277 SF
Lot
0.45 ac (19,497 SF)
Zoning code
MP2
APN
DP52000060 0026
UPID
US33-0271701
Jurisdiction
JOHNSON
Zoning & alternative use
MP2 · Olathe, KSZoning MP2 · permitted uses
MP2 · Olathe, KS
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$525,000
COMMERCIAL (GENERAL)
Est. value
$835,000
AUTO REPAIR, GARAGE
Est. value
$790,000
INDUSTRIAL (GENERAL)
Est. value
$750,000
RETAIL STORES
Est. value
$735,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$710,000
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
2000
Construction
FRAME
Heating
SPACE
Cooling
Yes
Stories
1
Units
1
Lot
0.45 ac
Current owner
From public records · entity-resolved
Jm Klika Holdings LLC
Entity
Mailing address
241 N HYDRAULIC ST, WICHITA, KS 67214-4217
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 4, 2022
—
Jm Klika Holdings LLC
Emerald Properties LLC
Warranty Deed
$700,000 · Great Southern Bank
Oct 20, 2020
—
Emerald Properties LLC
—
Deed
related
$3,500,000 · Oakstar Bank NA
Oct 10, 2014
—
Emerald Properties LLC
Castle Creations INC
Warranty Deed
$520,000 · Peoples Bank
Jan 25, 2006
—
Castle Creations INC
The Woodwright Shop INC
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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