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Property profile & analytics
OFF-MARKET
Estimated value
$8,630,000
Warehouses
12020 Glenwood St Overland Park, KS 66209-2512
Entity Owned
~
Est. High Equity
Property ID
US33-0884256
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2019
Construction
CONCRETE BLOCKS
Total area
129,225 SF
Lot
3.48 ac (151,589 SF)
Zoning code
CP1
APN
NP36360000 0003
UPID
US33-0884256
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
-
StorageMart Storage Facility
-
Ripple Glass Recycling bin Recycling Center Waste Management Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.85M
Blend (final)
Blend
$8.63M
Owner & transaction history
Tkg III Acquisition LLC
Tkg III Acquisition LLC
since 2025
3 recorded transactions
Zoning & alternative use
CP1 · Overland Park, KS
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
doc view
Top alternative use upside
Apartment house (5+ units)
$12.3M
+66.7%
Neighborhood: shopping center
$8.7M
+18.6%
Retail stores
$8.6M
+17.0%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$7,370,000
Current use
APARTMENT HOUSE (5+ UNITS)
$12,290,000
Change: +67% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$8,745,000
Change: +19% · Conversion: Moderate
RETAIL STORES
$8,625,000
Change: +17% · Conversion: Moderate
AUTO REPAIR, GARAGE
$8,475,000
Change: +15% · Conversion: Easy
COMMERCIAL (GENERAL)
$7,165,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$8.63M
Range $7.77M – $9.49M · ±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
$67 / 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
$296,244
Tax year 2023
Assessed value
$2,815,313
Assessed 2023
Previous assessed
$2,728,251
+3.2% YoY
Effective rate
10.52%
On assessed value
Assessed land
$341,030
Assessed improvement
$2,474,283
Land market value
$1,364,120
Improvement market value
$9,897,130
Total market value
$11,261,250
Applied tax rate
665.0000
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
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2019
Construction
CONCRETE BLOCKS
Heating
NONE
Cooling
AC.PACKAGE
Buildings
2
Stories
3
Units
913
Total area
129,225 SF
Lot
3.48 ac (151,589 SF)
Zoning code
CP1
APN
NP36360000 0003
UPID
US33-0884256
Jurisdiction
JOHNSON
Zoning & alternative use
CP1 · Overland Park, KSZoning CP1 · permitted uses
CP1 · Overland Park, KS
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
doc view
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$7.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$12.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$8.7M
RETAIL STORES
Est. value
$8.6M
AUTO REPAIR, GARAGE
Est. value
$8.5M
COMMERCIAL (GENERAL)
Est. value
$7.2M
WAREHOUSE, STORAGE Current
APARTMENT HOUSE (5+ UNITS)
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
2019
Construction
CONCRETE BLOCKS
Heating
NONE
Cooling
Yes
Stories
3
Buildings
2
Units
913
Lot
3.48 ac
Current owner
From public records · entity-resolved
Tkg III Acquisition LLC
Entity
Mailing address
215 N STADIUM BLVD STE #207, COLUMBIA, MO 65203-1160
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 30, 2025
—
Tkg III Acquisition LLC
Tkg III Kansas LLC
Warranty Deed
$500,000,000 · Citibank NA
Jul 2, 2020
—
Tkg III Kansas LLC
Glenwood Kc Self Storage Ltd
Special Warranty Deed
$16,706,250 · First National Bank Of Omaha
Oct 12, 2017
—
Glenwood Kc Self Storage Ltd
Fountains III LLC
Special 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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