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Property profile & analytics
OFF-MARKET
Estimated value
$7,950,000
Garden apartment buildings
11220 108th St Overland Park, KS 66210-3907
Entity Owned
Absentee Owner
Free & Clear
Property ID
US33-0602700
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1984
Construction
FRAME
Total area
46,396 SF
Lot
16.94 ac (737,906 SF)
Zoning code
RP3
APN
NF241311-2004
UPID
US33-0602700
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
-
Waterford Place Clubhouse Apartment Building
-
Waterford Place Apartments & Townhomes Apartment Complex Apartment Rental Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$7.49M
Comparable Approach
Comparable
$8.41M
Blend (final)
Blend
$7.95M
Owner & transaction history
Waterford Place Apartments Spe LLC
Waterford Place Apartments Spe LLC
since 2026
1 recorded transaction
Zoning & alternative use
RP3 · Overland Park, KS
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$8.0M
+82.3%
Office building
$5.9M
+33.8%
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 Overland Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Overland Park 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
by Request
CAP Approach
CAP Return
Estimation
6%
$8,110,000
6.5%
$7,490,000
7%
$6,955,000
Alternative Use
Use
Estimation
RESTAURANT
$8,045,000
Change: +82% · Conversion: Difficult
OFFICE BUILDING
$5,905,000
Change: +34% · Conversion: Moderate
Blend value · Realmo final
$7.95M
Range $7.16M – $8.75M · ±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
$171 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$293,786
Tax year 2023
Assessed value
$2,557,140
Assessed 2023
Previous assessed
$2,350,600
+8.8% YoY
Effective rate
11.49%
On assessed value
Assessed land
$509,152
Assessed improvement
$2,047,988
Land market value
$4,427,410
Improvement market value
$17,808,590
Total market value
$22,236,000
Applied tax rate
668.0000
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1984
Construction
FRAME
Heating
NONE
Cooling
AC.PACKAGE
Buildings
4
Stories
2
Units
8
Bathrooms
5
Total area
46,396 SF
Lot
16.94 ac (737,906 SF)
Zoning code
RP3
APN
NF241311-2004
UPID
US33-0602700
Jurisdiction
JOHNSON
Zoning & alternative use
RP3 · Overland Park, KS
Zoning RP3 · permitted uses
RP3 · Overland Park, KS
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Overland Park. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$8.0M
OFFICE BUILDING
Est. value
$5.9M
RESTAURANT
OFFICE BUILDING
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
1984
Construction
FRAME
Heating
NONE
Cooling
Yes
Stories
2
Buildings
4
Units
8
Bathrooms
5
Lot
16.94 ac
Current owner
From public records · entity-resolved
Waterford Place Apartments Spe LLC
Entity
Free & Clear · 0 yrs held
Mailing address
12721 METCALF AVE STE #200, OVERLAND PARK, KS 66213-2619
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 12, 2026
—
Waterford Place Apartments Spe LLC
Waterford Place Apartments LLC
Warranty Deed
—
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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