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Property profile & analytics
OFF-MARKET
Estimated value
$10,160,000
Medical Office Space
1325 Research Park Dr Manhattan, KS 66502-5000
Entity Owned
Free & Clear
Property ID
US33-1061095
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2021
Total area
77,295 SF
Lot
4.3 ac (187,308 SF)
Zoning code
U
APN
203-07-2-30-02-001.00-0
UPID
US33-1061095
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
-
Boma I. Ugwu, MD Physician
-
Cotton O'Neil Primary Care Manhattan Hospital
-
Cotton O'Neil Cardiology Manhattan Hospital
-
Cotton O'Neil Neurology Manhattan Hospital
-
Cotton O'Neil Manhattan Laboratory Medical Laboratory
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$10.16M
Blend (final)
Blend
$10.16M
Owner & transaction history
STORMONTVAIL HEALTHCARE INC
STORMONTVAIL HEALTHCARE INC
Zoning & alternative use
U · Manhattan, KS
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$12.6M
+23.7%
Restaurant
$12.0M
+17.9%
Apartment house (5+ units)
$11.4M
+12.7%
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 Manhattan submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Manhattan 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
MEDICAL BUILDING
$10,160,000
Current use
OFFICE BUILDING
$12,560,000
Change: +24% · Conversion: Easy
RESTAURANT
$11,980,000
Change: +18% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$11,445,000
Change: +13% · Conversion: Moderate
Blend value · Realmo final
$10.16M
Range $9.14M – $11.18M · ±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
$131 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$7,946
Tax year 2022
Land market value
$936,800
Improvement market value
$16,234,210
Total market value
$17,171,010
Applied tax rate
2.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2021
Heating
YES
Cooling
YES
Stories
3
Total area
77,295 SF
Lot
4.3 ac (187,308 SF)
Zoning code
U
APN
203-07-2-30-02-001.00-0
UPID
US33-1061095
Jurisdiction
RILEY
Zoning & alternative use
U · Manhattan, KS
Zoning U · permitted uses
U · Manhattan, KS
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Manhattan. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$10.2M
OFFICE BUILDING
Est. value
$12.6M
RESTAURANT
Est. value
$12.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$11.4M
MEDICAL BUILDING Current
OFFICE BUILDING
RESTAURANT
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
2021
Heating
YES
Cooling
Yes
Stories
3
Lot
4.3 ac
Current owner
From public records · entity-resolved
STORMONTVAIL HEALTHCARE INC
Entity
Free & Clear · 0 yrs held
Mailing address
1500 SW 10TH AVE, TOPEKA, KS 66604-1301
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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