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Property profile & analytics
OFF-MARKET
Drive through restaurants
904 Santa Fe St Olathe, KS 66061-3760
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US33-0055627
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
1979
Construction
FRAME
Total area
2,496 SF
Lot
0.39 ac (17,084 SF)
Zoning code
CP-2
APN
DP68000009 0002C
UPID
US33-0055627
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
-
Little Caesars Pizza Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Red Planet Realty LLC · 5 yrs held
Red Planet Realty LLC
since 2021
2 recorded transactions
Zoning & alternative use
CP-2 · Olathe, KS
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This district provides for mixed-use centers where designated in the Comprehensive Plan. This district includes pedestrian-scale development with commercial uses that draw from multiple neighborhoods. And the PD (Planned District) provides for development of office, research and development, light assembly, limited retail and service uses, and residential us…
Zone name
Planned General
General category
PLANNED_DEVELOPMENT
Zone area
858.72 ac
Source
Realmo
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$21,707
Tax year 2023
Assessed value
$185,500
Assessed 2023
Previous assessed
$163,750
+13.3% YoY
Effective rate
11.70%
On assessed value
Assessed land
$42,710
Assessed improvement
$142,790
Land market value
$170,840
Improvement market value
$571,160
Total market value
$742,000
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
1979
Construction
FRAME
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
2,496 SF
Lot
0.39 ac (17,084 SF)
Zoning code
CP-2
APN
DP68000009 0002C
UPID
US33-0055627
Jurisdiction
JOHNSON
Zoning & alternative use
CP-2 · Olathe, KSZoning CP-2 · permitted uses
CP-2 · Olathe, KS
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This district provides for mixed-use centers where designated in the Comprehensive Plan. This district includes pedestrian-scale development with commercial uses that draw from multiple neighborhoods. And the PD (Planned District) provides for development of office, research and development, light assembly, limited retail and service uses, and residential uses in a mixed-use setting.
Zone name
Planned General
General category
PLANNED_DEVELOPMENT
Zone area
858.72 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1979
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
0.39 ac
Current owner
From public records · entity-resolved
Red Planet Realty LLC
Entity
Mailing address
4532 TOWER GRV PL, SAINT LOUIS, MO 63110-3413
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
Jul 8, 2021
—
Red Planet Realty LLC
Osli LLC
Special Warranty Deed
$532,000 · St Louis Bank
Jun 21, 2012
—
Watch Properties LLC
William Albert Decker
Warranty Deed
$85,000 · The Timothy D Perkins Living Trust
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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