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Property profile & analytics
OFF-MARKET
Estimated value
$905,000
Garden apartment buildings
1414 38th St Kansas City, KS 66102-2233
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US33-0494906
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1963
Total area
9,104 SF
Lot
3.98 ac (173,543 SF)
APN
61455
UPID
US33-0494906
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
-
Jesus Casa Hotel & Motel Bed & Breakfast
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$670k
CAP Approach
CAP
$1.17M
Comparable Approach
Comparable
$879k
Blend (final)
Blend
$905k
Owner & transaction history
Apex Capital Properties II LLC · 4 yrs held
Apex Capital Properties II LLC
since 2022
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.3M
+99.8%
Office building
$1.2M
+76.4%
Auto repair, garage
$1.0M
+56.7%
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 Kansas City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Kansas City 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
$670,000
CAP Approach
CAP Return
Estimation
6%
$1,265,000
6.5%
$1,165,000
7%
$1,085,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$665,000
Current use
RESTAURANT
$1,325,000
Change: +100% · Conversion: Difficult
OFFICE BUILDING
$1,170,000
Change: +76% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,040,000
Change: +57% · Conversion: Difficult
RETAIL STORES
$930,000
Change: +40% · Conversion: Difficult
COMMERCIAL (GENERAL)
$770,000
Change: +16% · Conversion: Moderate
MEDICAL BUILDING
$635,000
Change: -4% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$620,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$905k
Range $815k – $996k · ±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
$99 / 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
$94,028
Tax year 2023
Assessed value
$572,402
Assessed 2023
Previous assessed
$490,349
+16.7% YoY
Effective rate
16.43%
On assessed value
Assessed land
$9,856
Assessed improvement
$562,546
Land market value
$85,700
Improvement market value
$4,891,700
Total market value
$4,977,400
Applied tax rate
10.0000
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
1963
Heating
YES
Cooling
YES
Buildings
53
Stories
2
Units
107
Total area
9,104 SF
Lot
3.98 ac (173,543 SF)
APN
61455
UPID
US33-0494906
Jurisdiction
WYANDOTTE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$665,000
RESTAURANT
Est. value
$1.3M
OFFICE BUILDING
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.0M
RETAIL STORES
Est. value
$930,000
COMMERCIAL (GENERAL)
Est. value
$770,000
MEDICAL BUILDING
Est. value
$635,000
INDUSTRIAL (GENERAL)
Est. value
$620,000
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
COMMERCIAL (GENERAL)
MEDICAL BUILDING
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
1963
Heating
YES
Cooling
Yes
Stories
2
Buildings
53
Units
107
Lot
3.98 ac
Current owner
From public records · entity-resolved
Apex Capital Properties II LLC
Entity
Mailing address
50 EL CENCERRO, RANCHO SANTA MARGARITA, CA 92688-3302
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 3, 2022
—
Apex Capital Properties II LLC
Lmv Management LLC
Special Warranty Deed
$5,662,500 · The Lyon County State Bank
Oct 1, 2015
—
Lmv Management LLC
Teha LLC
Special Warranty Deed
$2,030,000 · First National Bank Of Omaha
Jan 28, 2011
—
Teha LLC
Eagles Nest Apartments Kc L L C
Warranty Deed
—
Jul 24, 2006
—
Eagles Nest Apartments Kc LLC
Scott Austin Investments LLC
Warranty Deed
$2,461,316 · Great Southern 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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