15844 W 163rd Terrace

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15844 W 163rd Terrace

Olathe, KS 66062
Asking Price
$150K
Asset Type
Commercial Land
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Commercial land parcel totaling 9,465 square feet for sale.
  • Property is listed for purchase at an asking price of $149,950.
  • Located in Olathe within the growing Kansas City metropolitan region.
  • The site is designated for commercial development use cases.
  • Strategic positioning offers access to established suburban residential base.

What's Special

Priced at $149,950, this 9,465 square foot commercial land parcel presents a strategic acquisition for development in Olathe, Kansas. Situated in a region recognized for its stable economic environment and consistent suburban growth, the site provides a functional footprint for investors or business owners seeking to establish a presence within the 66062 ZIP code. The parcel's size and commercial zoning classification support a range of potential development applications, including small-scale office or professional service facilities that cater to the surrounding residential population. Olathe continues to serve as a key component of the greater Kansas City metropolitan area, benefiting from robust regional infrastructure and accessibility to major transportation corridors. This land serves as a blank canvas for developers looking to capitalize on a growing market that balances residential demand with commercial expansion. Prospective buyers will find this asset positioned to support business operations requiring high visibility and efficient access to local workforce hubs.

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NOI
$80,000
Cap Rate
53.35%
DSCR
8.99
Strong
Cash-on-Cash
158.05%
Monthly Payment
$741.871
Annual Cash Flow
$71,097.551

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