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Property profile & analytics
OFF-MARKET
Estimated value
$625,000
Assisted living facilities
12724 State Line Rd Leawood, KS 66209-1619
Entity Owned
17-yr Hold
Free & Clear
Property ID
US33-0538112
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1999
Construction
FRAME
Total area
21,996 SF
Lot
2.08 ac (90,605 SF)
Zoning code
R-1
APN
HP96600000 0002
UPID
US33-0538112
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$805k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$443k
Blend (final)
Blend
$625k
Owner & transaction history
Pslt Als Properties III LLC · 17 yrs held
Pslt Als Properties III LLC
since 2009
1 recorded transaction
Zoning & alternative use
R-1 · Leawood, KS
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This district shall provide for single family detached dwellings and other selected uses which are compatible with the low density residential character of this district while preserving the character of the existing neighborhoods within the district
Zone name
Planned Single Family Low Density Residential
General category
RESIDENTIAL
Zone area
4,605.91 ac
Source
Realmo
Top alternative use upside
Apartment house (5+ units)
$1.0M
+111.6%
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 Leawood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Leawood 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
$805,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
$475,000
Current use
APARTMENT HOUSE (5+ UNITS)
$1,005,000
Change: +112% · Conversion: Difficult
Blend value · Realmo final
$625k
Range $563k – $688k · ±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
$28 / 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
$38,327
Tax year 2023
Assessed value
$336,436
Assessed 2023
Previous assessed
$245,091
+37.3% YoY
Effective rate
11.39%
On assessed value
Assessed land
$62,570
Assessed improvement
$273,866
Land market value
$544,090
Improvement market value
$2,381,440
Total market value
$2,925,530
Applied tax rate
636.0000
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1999
Construction
FRAME
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
38
Total area
21,996 SF
Lot
2.08 ac (90,605 SF)
Zoning code
R-1
APN
HP96600000 0002
UPID
US33-0538112
Jurisdiction
JOHNSON
Zoning & alternative use
R-1 · Leawood, KSZoning R-1 · permitted uses
R-1 · Leawood, KS
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This district shall provide for single family detached dwellings and other selected uses which are compatible with the low density residential character of this district while preserving the character of the existing neighborhoods within the district
Zone name
Planned Single Family Low Density Residential
General category
RESIDENTIAL
Zone area
4,605.91 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
Est. value
$475,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.0M
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
APARTMENT HOUSE (5+ UNITS)
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
1999
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Units
38
Lot
2.08 ac
Current owner
From public records · entity-resolved
Pslt Als Properties III LLC
Entity
Free & Clear · 17 yrs held
Mailing address
12724 STATE LINE RD, LEAWOOD, KS 66209-1619
Ownership since
2009
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
Jul 9, 2009
—
Pslt Als Properties III LLC
Pslt Als Properties I 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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