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Property profile & analytics
OFF-MARKET
Estimated value
$835,000
Office buildings
149 Andover Rd Andover, KS 67002-7934
Entity Owned
3-yr Hold
Free & Clear
Property ID
US33-0117203
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1997
Total area
7,402 SF
Lot
0.57 ac (24,829 SF)
APN
008-304-19-0-40-07-001.00-0
UPID
US33-0117203
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
-
Andover Family Counseling Mental Health Clinic Marriage Or Relationship Counselor
-
Northwestern Mutual Financial Advisor
-
LeaderOne Financial Corporation Loan Service Bank
-
Lindsay Sanner Counselor Social Worker
-
Brice Sanner Marriage Or Relationship Counselor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$791k
Blend (final)
Blend
$835k
Owner & transaction history
Via Fone INC · 3 yrs held
Via Fone INC
since 2022
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.0M
+37.7%
Commercial (general)
$860,000
+15.7%
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 Andover submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Andover 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
OFFICE BUILDING
$745,000
Current use
RESTAURANT
$1,025,000
Change: +38% · Conversion: Moderate
COMMERCIAL (GENERAL)
$860,000
Change: +16% · Conversion: Easy
MEDICAL BUILDING
$720,000
Change: -3% · Conversion: Easy
AUTO REPAIR, GARAGE
$680,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$835k
Range $752k – $919k · ±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
$113 / 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 2019Property tax & assessments
Tax year 2019
Tax billed
$20,227
Tax year 2019
Assessed value
$145,858
Assessed 2023
Previous assessed
$145,858
+0.0% YoY
Effective rate
13.87%
On assessed value
Assessed land
$29,400
Assessed improvement
$116,458
Land market value
$117,600
Improvement market value
$465,830
Total market value
$583,430
Applied tax rate
1.0000
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1997
Heating
YES
Cooling
YES
Total area
7,402 SF
Lot
0.57 ac (24,829 SF)
APN
008-304-19-0-40-07-001.00-0
UPID
US33-0117203
Jurisdiction
BUTLER
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
OFFICE BUILDING Current
Est. value
$745,000
RESTAURANT
Est. value
$1.0M
COMMERCIAL (GENERAL)
Est. value
$860,000
MEDICAL BUILDING
Est. value
$720,000
AUTO REPAIR, GARAGE
Est. value
$680,000
OFFICE BUILDING Current
RESTAURANT
COMMERCIAL (GENERAL)
MEDICAL BUILDING
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
1997
Heating
YES
Cooling
Yes
Lot
0.57 ac
Current owner
From public records · entity-resolved
Via Fone INC
Entity
Free & Clear · 3 yrs held
Mailing address
PO BOX 12207, WICHITA, KS 67277-2207
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 6, 2023
—
Via Fone INC
—
Deed
related
$540,000 · Campus Cu
Oct 14, 2022
—
Via Fone INC
149 Andover LLC
Warranty Deed
—
Aug 4, 2020
—
Turnkey LLC
—
Deed
related
$410,000 · Intrust Bk
Jul 22, 2020
—
149 Andover LLC
Turnkey Ks LLC
Quit Claim Deed
related
—
Mar 24, 2016
—
Turnkey Ks LLC
Blair,william F & Jennifer R
Warranty Deed
$410,000 · Intrust Bk
—
—
Andover Suites Lc
—
Deed Of Trust
related
$60,780 · Equity Bank
—
—
Andover Suites Lc
—
Deed Of Trust
related
$300,000 · Verus Bank NA
—
—
Turnkey LLC
—
Loan Modification
related
$410,000 · Intrust Bk
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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