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Property profile & analytics
OFF-MARKET
Garden apartment buildings
1400 Ridgeway Dr Olathe, KS 66061-4867
Individually Owned
9-yr Hold
~
Est. High Equity
Property ID
US33-0484236
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1964
Construction
FRAME
Total area
10,296 SF
Lot
0.45 ac (19,428 SF)
Zoning code
R3
APN
DP63000003 000C3
UPID
US33-0484236
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
-
Ridgeway Apartments Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Andres Loredo · 9 yrs held
Andres Loredo
since 2016
1 recorded transaction
Zoning & alternative use
R3 · Olathe, KS
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Olathe submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Olathe 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$6,322
Tax year 2023
Assessed value
$54,855
Assessed 2023
Previous assessed
$52,325
+4.8% YoY
Effective rate
11.52%
On assessed value
Assessed land
$7,261
Assessed improvement
$47,594
Land market value
$63,140
Improvement market value
$413,860
Total market value
$477,000
Applied tax rate
8.0000
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
1964
Construction
FRAME
Heating
HEAT PUMP
Cooling
REFRIGERATOR
Stories
2
Units
8
Bathrooms
1
Total area
10,296 SF
Lot
0.45 ac (19,428 SF)
Zoning code
R3
APN
DP63000003 000C3
UPID
US33-0484236
Jurisdiction
JOHNSON
Zoning & alternative use
R3 · Olathe, KS
Zoning R3 · permitted uses
R3 · Olathe, KS
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Olathe. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1964
Construction
FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
2
Units
8
Bathrooms
1
Lot
0.45 ac
Current owner
From public records · entity-resolved
Andres Loredo
Individual
Mailing address
44 W CONCORD AVE, KANSAS CITY, MO 64112-2830
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 3, 2016
—
Andres Loredo
Matthew T Mabe
Warranty Deed
$317,358 · Lead Bank
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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