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Property profile & analytics
OFF-MARKET
Estimated value
$535,000
Warehouses
110 3rd Ave El Dorado, KS 67042-1923
Trust Owned
13-yr Hold
Absentee Owner
Free & Clear
Property ID
US33-0154809
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1920
Total area
6,875 SF
Lot
0.69 ac (30,056 SF)
Zoning code
R1
APN
008-211-02-0-10-09-003.00-0
UPID
US33-0154809
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
-
Child Start: El Dorado Head Start Daycare Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$345k
CAP Approach
CAP
$715k
Comparable Approach
Comparable
$546k
Blend (final)
Blend
$535k
Owner & transaction history
Morrow,t L & S A Living Trust · 13 yrs held
Morrow,t L & S A Living Trust
since 2013
2 recorded transactions
Zoning & alternative use
R1 · El Dorado, KS
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$800,000
+30.1%
Office building
$710,000
+14.9%
Medical building
$670,000
+8.8%
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 El Dorado submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs El Dorado 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
Method
Estimation
Statistic approach
by Request
ML approach
$345,000
CAP Approach
CAP Return
Estimation
6%
$775,000
6.5%
$715,000
7%
$665,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$615,000
Current use
COMMERCIAL (GENERAL)
$800,000
Change: +30% · Conversion: Difficult
OFFICE BUILDING
$710,000
Change: +15% · Conversion: Difficult
MEDICAL BUILDING
$670,000
Change: +9% · Conversion: Difficult
AUTO REPAIR, GARAGE
$630,000
Change: +3% · Conversion: Easy
RETAIL STORES
$610,000
Change: -1% · Conversion: Moderate
Blend value · Realmo final
$535k
Range $482k – $589k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$78 / SF
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 2019Property tax & assessments
Tax year 2019
Tax billed
$7,023
Tax year 2019
Assessed value
$52,173
Assessed 2023
Previous assessed
$46,020
+13.4% YoY
Effective rate
13.46%
On assessed value
Assessed land
$8,750
Assessed improvement
$43,423
Land market value
$35,000
Improvement market value
$173,690
Total market value
$208,690
Applied tax rate
7.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1920
Heating
YES
Cooling
YES
Total area
6,875 SF
Lot
0.69 ac (30,056 SF)
Zoning code
R1
APN
008-211-02-0-10-09-003.00-0
UPID
US33-0154809
Jurisdiction
BUTLER
Zoning & alternative use
R1 · El Dorado, KSZoning R1 · permitted uses
R1 · El Dorado, KS
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$615,000
COMMERCIAL (GENERAL)
Est. value
$800,000
OFFICE BUILDING
Est. value
$710,000
MEDICAL BUILDING
Est. value
$670,000
AUTO REPAIR, GARAGE
Est. value
$630,000
RETAIL STORES
Est. value
$610,000
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1920
Heating
YES
Cooling
Yes
Lot
0.69 ac
Current owner
From public records · entity-resolved
Morrow,t L & S A Living Trust
Trust
Free & Clear · 13 yrs held
Mailing address
1846 LAWNDALE AVE, EL DORADO, KS 67042-4041
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
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
Jun 25, 2013
—
Morrow,t L & S A Living Trust
Morrow,terry L & Sheila A
Quit Claim Deed
related
—
Mar 7, 2007
—
Ramona Parsons
Kunkle,john & Janice
Quit Claim Deed
related
—
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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