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Property profile & analytics
OFF-MARKET
Estimated value
$1,675,000
Warehouses
25090 110th Ter Olathe, KS 66061-8464
Entity Owned
10-yr Hold
Free & Clear
Property ID
US33-0626725
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2005
Construction
CONCRETE
Total area
32,880 SF
Lot
4.91 ac (213,880 SF)
Zoning code
BP
APN
DP12450000 0002
UPID
US33-0626725
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
-
Atmos Energy Corporation Gas Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.68M
Blend (final)
Blend
$1.68M
Owner & transaction history
Cedar Creek Development Viii LLC · 10 yrs held
Cedar Creek Development Viii LLC
since 2016
2 recorded transactions
Zoning & alternative use
BP · Olathe, KS
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This district allows development of a mix of research and development, office, light assembly, warehousing and limited retail and service uses in a planned business park setting.
Zone name
Business Park
General category
COMMERCIAL
Zone area
1,180.45 ac
Source
Realmo
Top alternative use upside
Commercial (general)
$2.7M
+59.9%
Auto repair, garage
$2.5M
+51.1%
Industrial (general)
$2.4M
+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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,675,000
Current use
COMMERCIAL (GENERAL)
$2,680,000
Change: +60% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,530,000
Change: +51% · Conversion: Easy
INDUSTRIAL (GENERAL)
$2,400,000
Change: +43% · Conversion: Easy
RETAIL STORES
$2,350,000
Change: +40% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$2,280,000
Change: +36% · Conversion: Moderate
Blend value · Realmo final
$1.68M
Range $1.51M – $1.84M · ±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
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
2005
Construction
CONCRETE
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
32,880 SF
Lot
4.91 ac (213,880 SF)
Zoning code
BP
APN
DP12450000 0002
UPID
US33-0626725
Jurisdiction
JOHNSON
Zoning & alternative use
BP · Olathe, KSZoning BP · permitted uses
BP · Olathe, KS
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This district allows development of a mix of research and development, office, light assembly, warehousing and limited retail and service uses in a planned business park setting.
Zone name
Business Park
General category
COMMERCIAL
Zone area
1,180.45 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.7M
COMMERCIAL (GENERAL)
Est. value
$2.7M
AUTO REPAIR, GARAGE
Est. value
$2.5M
INDUSTRIAL (GENERAL)
Est. value
$2.4M
RETAIL STORES
Est. value
$2.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.3M
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
2005
Construction
CONCRETE
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
4.91 ac
Current owner
From public records · entity-resolved
Cedar Creek Development Viii LLC
Entity
Free & Clear · 10 yrs held
Mailing address
4444 W 89TH ST, PRAIRIE VILLAGE, KS 66207-2240
Ownership since
2016
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
Feb 12, 2016
—
Cedar Creek Development Viii LLC
City Of Olathe
Special Warranty Deed
—
Nov 23, 2005
—
City Of Olathe
Cedar Creek Development Viii LLC
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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