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Property profile & analytics
OFF-MARKET
Estimated value
$1,575,000
Warehouses
12503 Hemlock St Overland Park, KS 66213-1453
Entity Owned
~
Est. High Equity
Property ID
US33-0006301
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2005
Construction
STEEL FRAME
Total area
18,610 SF
Lot
1.51 ac (65,776 SF)
Zoning code
MP-1
APN
NP01500000 0007A
UPID
US33-0006301
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
-
Pilates by Kahley Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.51M
Blend (final)
Blend
$1.58M
Owner & transaction history
ZIMMERMAN DEVELOPMENT CO, LLC
ZIMMERMAN DEVELOPMENT CO, LLC
Zoning & alternative use
MP-1 · Overland Park, KS
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
10 Statement of Intent 18.290.020 Permitted Uses 18.290.030 Height and Area Regulations 18.290.040 Parking and Loading Regulations 18.290.050 Development and Performance Standards 18.300 M-1 Industrial Park District and MP-1 Planned Industrial Park District 18.300.010 Statement of Intent 18.300.020 Permitted Uses 18.300.030 Height and Area Regulations 18.300…
Zone name
Planned Industrial Park
General category
INDUSTRIAL
Zone area
55.80 ac
Source
doc view
Top alternative use upside
Office building
$2.4M
+123.1%
Neighborhood: shopping center
$1.6M
+45.8%
Retail stores
$1.2M
+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
$1,060,000
Current use
OFFICE BUILDING
$2,370,000
Change: +123% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,550,000
Change: +46% · Conversion: Moderate
RETAIL STORES
$1,240,000
Change: +17% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,220,000
Change: +15% · Conversion: Easy
Blend value · Realmo final
$1.58M
Range $1.42M – $1.73M · ±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
$85 / 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
$57,615
Tax year 2023
Assessed value
$539,750
Assessed 2023
Previous assessed
$527,250
+2.4% YoY
Effective rate
10.67%
On assessed value
Assessed land
$57,415
Assessed improvement
$482,335
Land market value
$229,660
Improvement market value
$1,929,340
Total market value
$2,159,000
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
2005
Construction
STEEL FRAME
Heating
SPACE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
18,610 SF
Lot
1.51 ac (65,776 SF)
Zoning code
MP-1
APN
NP01500000 0007A
UPID
US33-0006301
Jurisdiction
JOHNSON
Zoning & alternative use
MP-1 · Overland Park, KSZoning MP-1 · permitted uses
MP-1 · Overland Park, KS
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
10 Statement of Intent 18.290.020 Permitted Uses 18.290.030 Height and Area Regulations 18.290.040 Parking and Loading Regulations 18.290.050 Development and Performance Standards 18.300 M-1 Industrial Park District and MP-1 Planned Industrial Park District 18.300.010 Statement of Intent 18.300.020 Permitted Uses 18.300.030 Height and Area Regulations 18.300.040 Parking and Loading Regulations 18.300.050 Development and Performance Standard
Zone name
Planned Industrial Park
General category
INDUSTRIAL
Zone area
55.80 ac
Source
doc view
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.1M
OFFICE BUILDING
Est. value
$2.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.6M
RETAIL STORES
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.2M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
AUTO REPAIR, GARAGE
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
2005
Construction
STEEL FRAME
Heating
SPACE
Cooling
Yes
Stories
1
Units
1
Lot
1.51 ac
Current owner
From public records · entity-resolved
ZIMMERMAN DEVELOPMENT CO, LLC
Entity
Mailing address
12509 HEMLOCK ST, OVERLAND PARK, KS 66213-1453
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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