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Property profile & analytics
OFF-MARKET
Estimated value
$700,000
Strip malls
600 Santa Fe St Olathe, KS 66061-3722
Entity Owned
5-yr Hold
Free & Clear
Property ID
US33-0410391
Property summary
AI-generated overview
Double Tree Shopping Center, located at 600 E Santa Fe St, Olathe, KS 66061, presents a compelling investment opportunity in a prime retail location. This single-story, 12,865 square foot building features six suites, with a total of 2,000 square feet currently vacant, offering immediate potential for lease income. The minimum divisible space is 1,000 square feet, with a maximum contiguous space of 2,000 square feet, ideal for a variety of retail or office tenants. The property boasts high visibility at the corner of Santa Fe and N Buchanan St, benefiting from significant traffic flow. The building features an 18-inch ceiling height. The property is zoned for retail use and is situated within the Olathe, KS submarket. Leasing terms are NNN, with annual rent ranging from $12 to $14 per square foot, taxes at $2.50 per square foot, CAM charges of $2.00 per square foot, and insurance costs of $0.50 per square foot. This well-positioned property offers a strong return on investment for savvy commercial investors seeking a multi-tenant retail or office space in a thriving Kansas market.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1969
Construction
CONCRETE BLOCKS
Total area
12,865 SF
Lot
0.64 ac (27,859 SF)
Zoning code
C3
APN
DP32000001 0001
UPID
US33-0410391
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
-
Elite Employment Group Inc Employment Agency
-
Doubletree Shopping Center Shopping Center & Mall
-
Alliance Home Health Inc. Home Health Care Service
-
Bitcoin ATM Olathe - Coinhub Atm Currency Exchange Service
-
RAINBOW SMOKE SHOP (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$665k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$729k
Blend (final)
Blend
$700k
Owner & transaction history
Deep LLC · 5 yrs held
Deep LLC
since 2021
2 recorded transactions
Zoning & alternative use
C3 · Olathe, KS
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.1M
+17.6%
Auto repair, garage
$990,000
+11.1%
Industrial (general)
$940,000
+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
$665,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$890,000
Current use
COMMERCIAL (GENERAL)
$1,050,000
Change: +18% · Conversion: Easy
AUTO REPAIR, GARAGE
$990,000
Change: +11% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$940,000
Change: +5% · Conversion: Difficult
RETAIL STORES
$920,000
Change: +3% · Conversion: Easy
Blend value · Realmo final
$700k
Range $630k – $770k · ±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
$54 / 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
$38,001
Tax year 2023
Assessed value
$324,750
Assessed 2023
Previous assessed
$298,751
+8.7% YoY
Effective rate
11.70%
On assessed value
Assessed land
$70,325
Assessed improvement
$254,425
Land market value
$281,300
Improvement market value
$1,017,700
Total market value
$1,299,000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1969
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
5
Total area
12,865 SF
Lot
0.64 ac (27,859 SF)
Zoning code
C3
APN
DP32000001 0001
UPID
US33-0410391
Jurisdiction
JOHNSON
Zoning & alternative use
C3 · Olathe, KS
Zoning C3 · permitted uses
C3 · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$890,000
COMMERCIAL (GENERAL)
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$990,000
INDUSTRIAL (GENERAL)
Est. value
$940,000
RETAIL STORES
Est. value
$920,000
NEIGHBORHOOD: SHOPPING CENTER Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
RETAIL STORES
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
1969
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Stories
1
Units
5
Lot
0.64 ac
Current owner
From public records · entity-resolved
Deep LLC
Entity
Free & Clear · 5 yrs held
Mailing address
25436 W 146TH ST, OLATHE, KS 66061-7582
Ownership since
2021
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
Jun 3, 2021
—
Deep LLC
J & L Santa Fe Properties LLC
Warranty Deed
—
Jul 27, 2016
—
J&l Santa Fe Properties LLC
Janice M Parker
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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