600 Santa Fe StOlathe, KS 66061

Property Details for 600 Santa Fe St

Year built

1969

Construction

CONCRETE BLOCKS

Lot size

0.64 AC

Property size (Sq ft)

12,865 SF

Zone code

C3

Property type

Strip malls

Property subtype

Neighborhood centers

APN

DP32000001 0001

APU

DP320000010001

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $3,182,356

  6.5%

  $2,937,560

  7%

  $2,727,734

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,318,988

  Geo Method

  $2,318,988

• Alternative Use

  Use

  Valuation

  Residential

  $2,477,942

  Hospitality

  $2,269,781

  Educational

  $1,888,431

  Medical

  $1,953,377

  Retail

  $2,937,560

Location Insight

City

Olathe

County

Johnson

State

Kansas

Latitude

38.884

Longitude

-94.8069

CBSA code

28140

CBSA name

KANSAS CITY, MO-KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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