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Property profile & analytics
OFF-MARKET
Estimated value
$585,000
Garden apartment buildings
12490 Quivira Rd Overland Park, KS 66213-2406
Entity Owned
10-yr Hold
Free & Clear
Property ID
US33-0809592
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1994
Construction
FRAME
Total area
15,656 SF
Lot
8.06 ac (351,094 SF)
Zoning code
RP3
APN
NP85560000 0001
UPID
US33-0809592
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
-
Apartment 1511 Apartment Building
-
Diamond Squad Management Property Investment Company
-
Stonebriar Apartment Homes Apartment Rental Agency Apartment Complex
-
Stonebriar Apartment Homes, Apt 2923 Apartment Building
-
KK Construction LLC Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$665k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$503k
Blend (final)
Blend
$585k
Owner & transaction history
Wiv Regents Apartments LLC · 10 yrs held
Wiv Regents Apartments LLC
since 2016
7 recorded transactions
Zoning & alternative use
RP3 · Overland Park, KS
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$895,000
+102.2%
Industrial (general)
$640,000
+44.6%
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
$665,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$440,000
Current use
WAREHOUSE, STORAGE
$895,000
Change: +102% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$640,000
Change: +45% · Conversion: Difficult
Blend value · Realmo final
$585k
Range $527k – $644k · ±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
$37 / 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
$177,179
Tax year 2023
Assessed value
$1,546,635
Assessed 2023
Previous assessed
$1,593,671
-3.0% YoY
Effective rate
11.46%
On assessed value
Assessed land
$242,129
Assessed improvement
$1,304,506
Land market value
$2,105,470
Improvement market value
$11,343,530
Total market value
$13,449,000
Applied tax rate
669.0000
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
1994
Construction
FRAME
Heating
NONE
Cooling
AC.PACKAGE
Buildings
3
Stories
2
Units
8
Bathrooms
6
Total area
15,656 SF
Lot
8.06 ac (351,094 SF)
Zoning code
RP3
APN
NP85560000 0001
UPID
US33-0809592
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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$440,000
WAREHOUSE, STORAGE
Est. value
$895,000
INDUSTRIAL (GENERAL)
Est. value
$640,000
APARTMENT HOUSE (5+ UNITS) Current
WAREHOUSE, STORAGE
INDUSTRIAL (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
1994
Construction
FRAME
Heating
NONE
Cooling
Yes
Stories
2
Buildings
3
Units
8
Bathrooms
6
Lot
8.06 ac
Current owner
From public records · entity-resolved
Wiv Regents Apartments LLC
Entity
Free & Clear · 10 yrs held
Mailing address
12721 METCALF AVE STE #200, OVERLAND PARK, KS 66213-2619
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 15, 2016
—
Wiv Regents Apartments LLC
Rre Regents Center Holdings LLC
Quit Claim Deed
—
Jan 11, 2016
—
Regents Center Tic 1 LLC
Rre Regents Center Tic LLC
Warranty Deed
—
Jan 10, 2007
—
Regents Center Tic 23 LLC
Rre Regents Center Tic LLC
Special Warranty Deed
—
Oct 11, 2006
—
Regents Center Tic 32 LLC
Rre Regents Center Tic LLC
Special Warranty Deed
—
Sep 29, 2006
—
Regents Center Tic 27 LLC
Rre Regents Center Tic LLC
Special Warranty Deed
—
Sep 6, 2006
—
Regents Center Tic 20 LLC
Rre Regents Center Tic LLC
Special Warranty Deed
—
Aug 4, 2006
—
Rre Regents Center Tic LLC
Regents Center Tic 10 LLC
Special Warranty Deed
—
Jul 18, 2006
—
Regents Center Tic 7 LLC
Rre Regents Center Tic LLC
Re-recorded Document
related
—
Jul 13, 2006
—
Regent Center Tic 3 LLC
Rre Regents Center Tic LLC
Special Warranty Deed
—
Jul 12, 2006
—
Regents Center Tic 1 LLC
Rre Regents Center Tic LLC
Special Warranty Deed
—
Jul 5, 2006
—
Regents Center Tic 1 LLC
Rre Regents Center Tic LLC
Special Warranty Deed
—
Apr 6, 2006
—
Rre Regents Center Tic LLC
Ppf Amli At Regents Center LLC
Special Warranty Deed
—
Feb 15, 2006
—
Ppf Amli At Regents Center LLC
Amli Residential Properties LP
Limited 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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