Johnson County · Olathe
Sell Your Commercial Property In Olathe, KS
Skyline Capital Investments buys commercial apartment buildings of 5+ units in Olathe and across Johnson County — listed or off-market, stabilized or value-add. Get clear feedback on your deal, typically within 48 hours.
- Clear feedback on your deal, typically within 48 hours
- 5 to 100+ units, stabilized or distressed, listed or off-market
- Owners, agents, and brokers welcome — every conversation is confidential
We buy:Tired landlordsEstate & trust sales1031 exchangesDeferred maintenanceHigh vacancyPartnership splits
Olathe Submarkets: Downtown Olathe · Gardner · Lenexa · Cedar Creek — Johnson County, KS
Market Snapshot
Renter Demand In Olathe
Olathe, Kansas, is home to 145,057 people, per the Census ACS 2020-2024. Median gross rent in Olathe is $1,314 a month, below Johnson County's $1,434. Median household income in Olathe is $114,009. Renters occupy 25.2% of Olathe homes, and rental vacancy is 4.9%. Buildings with five or more units hold 14.6% of Olathe housing.
This profile gathers the rent, tax and lease data buyers request when owners sell commercial property in Olathe, KS. Garmin, Olathe Medical Center and MidAmerica Nazarene University anchor local demand.
Garmin North American headquarters
Garmin's October 2018 expansion at its Olathe North American headquarters added room for up to 2,600 more associates.Olathe Medical Center
Olathe Health lists 300 beds at Olathe Medical Center, 20333 W. 151st St., serving Olathe for over 60 years.MidAmerica Nazarene University
MidAmerica Nazarene University enrolled 1,538 students, 1,204 of them undergraduates, in fall 2024 in Olathe, per NCES.Our Buy Box
What We Buy In Olathe
Asset Type
Multifamily, 5+ Units
Apartment buildings and income-producing residential.
Size
5 – 100+ Units
Sweet spot: 15–25 units.
Condition
Stabilized To Distressed
Value-add, mismanaged, and high-vacancy properties welcome.
Deal Types
Listed Or Off-Market
Direct-to-owner, pocket listings, portfolios.
Local Market Data
Olathe Apartment Market
Figures gathered October 2026 from public market data.
Who rents in Olathe
Renters occupy 25.2% of Olathe homes, or 13,357 of 53,072 households, in ACS 2020-2024 table B25003. Johnson County's renter share is 31.5%.
Buildings with five or more units hold 14.6% of Olathe housing, per table B25024. Only 24.5% of Olathe homes predate 1980, per table B25034. The median year built is 1994.
Rents and affordability in Olathe
Median gross rent in Olathe is $1,314 a month, per ACS 2020-2024 table B25064. In table B25070, 42.4% of Olathe renters spend 30% or more of income on rent. Rental vacancy is 4.9% in table DP04.
Olathe sits in the Kansas City, MO-KS HUD Metro FMR Area. HUD FY2027 fair market rents took effect October 1, 2026.
| Unit size | HUD FY2027 FMR |
|---|---|
| Efficiency | $1,257 |
| One bedroom | $1,366 |
| Two bedroom | $1,546 |
| Three bedroom | $2,020 |
| Four bedroom | $2,419 |
The two-bedroom FMR is $232 above the Olathe median gross rent. Owners who plan to sell commercial real estate in Olathe, KS can show buyers that gap.
Property taxes in Johnson County
A $2,000,000 Olathe apartment building inside USD 233 owes about $26,442.64 at 2025 levies. Kansas assesses multi-family residential property at 11.5% of value under K.S.A. 79-1439.
| Taxing body | 2025 mills |
|---|---|
| State of Kansas | 1.500 |
| Johnson County | 17.290 |
| Johnson County Parks and Recreation | 3.023 |
| Johnson County Community College | 7.873 |
| City of Olathe (general, fire, library) | 23.334 |
| USD 233 (four funds) | 61.948 |
| Total | 114.968 |
Rates come from the 2025 Johnson County mill levy sheet. Assessed value is $2,000,000 x 11.5% = $230,000. The tax is $230,000 x 114.968 / 1,000 = $26,442.64 before exemptions.
Anyone preparing to sell commercial property in Olathe, KS should expect buyers to underwrite this bill. Appeals go to the county appraiser within 30 days of the valuation notice mailing, under K.S.A. 79-1448.
Landlord rules in Olathe
Kansas caps deposits on unfurnished units at one month's rent under K.S.A. 58-2550. The balance is due within 14 days after charges are determined.
A landlord may terminate when rent stays unpaid three days after written notice, per K.S.A. 58-2564. Olathe cannot adopt rent control, because K.S.A. 12-16,120 bars municipal ordinances that control rent.
What it means for an owner in Olathe
Olathe pairs 4.9% rental vacancy with a $1,314 median rent and a 114.968-mill rate in USD 233. Buyers will price that mix. If you plan to sell commercial property in Olathe, KS, test your price with our cap rate calculator first.
Skyline Capital Investments buys 5+ unit apartment buildings. To sell your apartment building in Olathe without listing it, start with our direct apartment building sale process.
Seller Notes
What Shapes A Olathe Offer
More about selling in Kansas →Investing in Olathe? See apartment syndications in Olathe →
- Owners selling commercial property in Olathe face a 23.334-mill 2025 city levy, including 3.065 library mills.
- Kansas assesses commercial and industrial real property at 25% of value, against 11.5% for apartments.
- Plans to sell commercial real estate in Olathe, KS benefit from the statewide ban on local rent control.
Seller Guides
Your Situation, Handled — Olathe
Learn More
Taxes & Rules For Olathe Property
The Kansas rules that shape any deal in Olathe: what a sale costs in tax, how buildings are taxed, what landlords must follow, and how to defer gains.
Olathe Seller FAQ
What should I know before I sell commercial property in Olathe, KS?
Start with three figures. Olathe's median gross rent was $1,314 a month in ACS 2020-2024. Rental vacancy was 4.9%. A $2,000,000 apartment building inside USD 233 carries about $26,442.64 in 2025 property tax at 114.968 mills.
Which taxes matter when I sell commercial real estate in Olathe, KS?
Annual property tax drives buyer math. Kansas assesses apartments at 11.5% of value under K.S.A. 79-1439, and commercial and industrial real property at 25%. Olathe parcels inside USD 233 face 114.968 mills under 2025 levies.
How do Olathe rents compare with HUD fair market rents?
Olathe's median gross rent of $1,314 sits $232 below HUD's FY2027 two-bedroom fair market rent of $1,546. Johnson County's median is $1,434. Owners who sell multifamily property in Olathe can show buyers that gap during pricing.
How fast must a Kansas landlord return a security deposit?
Under K.S.A. 58-2550, a landlord may hold no more than one month's rent on an unfurnished unit. The balance is due within 14 days after charges are determined, and no later than 30 days after the tenancy ends, possession returns and the tenant demands it.
Can Olathe pass rent control?
No. K.S.A. 12-16,120 bars any Kansas municipality from enacting, maintaining or enforcing an ordinance that would have the effect of controlling the amount of rent charged. Exceptions cover property the city owns and voluntary agreements tied to grants or incentives.
What if my Olathe building has vacancies or deferred maintenance?
That is often where we add the most value. We buy buildings that need renovation, new management, or lease-up, and we account for that in our offer.
Do you work with Olathe brokers and agents?
We do. Agents can bring us listed or pocket-listing deals in Olathe, and we keep every conversation confidential.
Can I sell rental property in Olathe with tenants in place?
Yes. We buy apartment buildings with tenants in place and keep existing leases intact. As a commercial real estate buyer focused on 5+ unit properties, we underwrite the current rent roll as it stands.
How fast can I sell my apartment building in Olathe?
Most owners get clear feedback within 48 hours of sending the address, unit count, and a rent roll. Closing is typically set around your timeline, including extra time for a 1031 exchange.
Submit A Deal
Get An Offer Review In Olathe
Send the address, unit count, and asking price if you have one. We keep every conversation confidential.
