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Property profile & analytics
OFF-MARKET
Estimated value
$27,415,000
Manufacturing properties
23500 105th St Olathe, KS 66061-8425
Entity Owned
Free & Clear
Property ID
US33-0785209
Property profile
Verified
Property type
Manufacturing properties
Use group
HEAVY MANUFACTURING
Year built
1997
Construction
CONCRETE BLOCKS
Total area
521,368 SF
Lot
50.52 ac (2,200,651 SF)
Zoning code
BP
APN
DP00180000 0001
UPID
US33-0785209
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
-
Honeywell Building Solutions HVAC Service General Contractor
-
Sodexo Property Management Company Professional Services
-
Honeywell Aerospace, Olathe Association / Organization
-
ولاية تيزي وزو Apartment Building
-
HONEYWELL AEROSPACE APPLIED ENGINEERING Association Or Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$29.41M
Blend (final)
Blend
$27.42M
Owner & transaction history
Honeywell Aerospace Us LLC
Honeywell Aerospace Us LLC
since 2026
2 recorded transactions
Zoning & alternative use
BP · Olathe, KS
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$42.5M
+11.6%
Auto repair, garage
$40.1M
+5.4%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$38,075,000
Current use
COMMERCIAL (GENERAL)
$42,485,000
Change: +12% · Conversion: Difficult
AUTO REPAIR, GARAGE
$40,135,000
Change: +5% · Conversion: Easy
RETAIL STORES
$37,240,000
Change: -2% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$36,140,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$27.42M
Range $24.67M – $30.16M · ±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
$53 / 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
$703,448
Tax year 2023
Assessed value
$6,011,501
Assessed 2023
Previous assessed
$5,945,751
+1.1% YoY
Effective rate
11.70%
On assessed value
Assessed land
$412,608
Assessed improvement
$5,598,893
Land market value
$1,650,430
Improvement market value
$22,395,570
Total market value
$24,046,000
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
Manufacturing properties
Use group
HEAVY MANUFACTURING
Status
Off-Market
Year built
1997
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
AC.PACKAGE
Stories
2
Units
1
Total area
521,368 SF
Lot
50.52 ac (2,200,651 SF)
Zoning code
BP
APN
DP00180000 0001
UPID
US33-0785209
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.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$38.1M
COMMERCIAL (GENERAL)
Est. value
$42.5M
AUTO REPAIR, GARAGE
Est. value
$40.1M
RETAIL STORES
Est. value
$37.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$36.1M
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1997
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Stories
2
Units
1
Lot
50.52 ac
Current owner
From public records · entity-resolved
Honeywell Aerospace Us LLC
Entity
Free & Clear · 0 yrs held
Mailing address
PO BOX 71970, PHOENIX, AZ 85050-1017
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 3, 2026
—
Honeywell Aerospace Us LLC
Honeywell International INC
Quitclaim Deed
related
—
Nov 5, 2008
—
Honeywell International INC
City Of Olathe
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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