16110 135Th StOlathe, KS 66062

Property Details for 16110 135Th St

Year built

1997

Construction

FRAME

Lot size

1.01 AC

Property size (Sq ft)

5,256 SF

Zone code

CP1

Property type

Super regional malls

APN

DP36330000 0002A

APU

DP363300000002A

Description

This exceptional commercial property presents a unique investment opportunity in the thriving city of Olathe, Kansas. Located at 16110 W 135th St, this single-tenant retail space boasts a generous 5,256 square feet situated on a 1.01-acre lot. The property's previous use as an Applebee's restaurant provides a solid foundation for a variety of potential uses, making it an attractive option for both established businesses and new ventures. Its prime location in Johnson County, Kansas, ensures high visibility and accessibility, benefiting from significant foot traffic and convenient access to major roadways. The property's zoning and permitted uses should be verified independently. The ample land area offers potential for expansion or outdoor amenities, adding further value to this already desirable location. The property is ready for immediate occupancy, presenting a streamlined transition for prospective buyers. Detailed property records and site plans are available upon request. This is an excellent chance to acquire a well-positioned commercial property in a dynamic and growing market. The zip code is 66062.

• CAP approach

  CAP return

  Valuation

  6%

  $1,300,153

  6.5%

  $1,200,141

  7%

  $1,114,417

• Comparable approach

  Method

  Valuation

  Relative Method

  $947,423

  Geo Method

  $947,423

• Alternative Use

  Use

  Valuation

  Residential

  $1,012,364

  Hospitality

  $927,320

  Educational

  $771,519

  Medical

  $798,053

  Retail

  $1,200,141

Location Insight

City

Olathe

County

Johnson

State

Kansas

Latitude

38.8842

Longitude

-94.7724

CBSA code

28140

CBSA name

KANSAS CITY, MO-KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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