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Property profile & analytics
FOR LEASE
Community centers

873 S Parker St Olathe, KS 66061

0.36 ac lot
Entity Owned 3-yr Hold ~ Est. High Equity
Property ID
US33-0681093
Property summary
AI-generated overview

Southwest Plaza, located at 873 S Parker St, Olathe, KS 66061, presents a compelling investment opportunity. This single-story, 96,422 square foot Class B shopping center, built in 1984, sits on a 15-acre lot at the northwest corner of K7 Highway and Dennis Street. The property boasts excellent visibility and high traffic counts due to its strategic location. Currently 95% occupied, Southwest Plaza offers multiple suites, ranging from a minimum of 2,000 square feet to a maximum contiguous space of 3,050 square feet. There are a total of 18 suites within the building. The property features a 10% load factor and currently has 5,100 square feet of vacant space. Ample parking is available with 230 spaces. The property's building floor area ratio (FAR) is 0.4. Property taxes are $2 per square foot. The center is anchored by Dollar Tree, Maj-R Thrift, and Retail Rebel, indicating a strong existing tenant base and a service-based tenancy. This retail center is ideal for businesses seeking high visibility and access to a thriving Olathe, Kansas community.

Property profile
Verified
Property type Community centers
Use group MINI-MALL
Lot 0.36 ac (15,724 SF)
Zoning code C3
APN DP70900000 0018
UPID US33-0681093
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
  • Retail Rebel - Olathe Big Box & Wholesale Store
  • Southwest Plaza, Olathe, KS Shopping Center & Mall
  • Auto Insurance Quotes Marketing & Advertising
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Sw Plaza LLC · 3 yrs held
Sw Plaza LLC
since 2022
2 recorded transactions
2022
Price N/A
2016
Price N/A
Zoning & alternative use
C3 · Olathe, KS
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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