Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$10,885,000
Outlet malls
1701 Kansas Rd Newton, KS 67114-8755
Entity Owned
Free & Clear
Property ID
US33-0179175
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1995
Total area
93,229 SF
Lot
18.28 ac (796,277 SF)
APN
099-29-0-10-04-001.01-0
UPID
US33-0179175
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
-
Walmart Pharmacy Pharmacy
-
Walmart Baby & Nursery Services Social Service Agency Community Center
-
Walmart Pet Services Kennel & Boarding Facility
-
Walmart Patio & Garden Services Landscaping General Contractor
-
Dr. Scott Trunecek Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$12.39M
Comparable Approach
Comparable
$9.38M
Blend (final)
Blend
$10.89M
Owner & transaction history
WAL-MART REAL EST BUS TRUSTUST
WAL-MART REAL EST BUS TRUSTUST
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$12.2M
+96.6%
Auto repair, garage
$10.2M
+65.5%
Office building
$9.9M
+59.6%
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 Newton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Newton 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%
$13,425,000
6.5%
$12,390,000
7%
$11,505,000
Alternative Use
Use
Estimation
RESTAURANT
$12,150,000
Change: +97% · Conversion: Easy
AUTO REPAIR, GARAGE
$10,230,000
Change: +66% · Conversion: Difficult
OFFICE BUILDING
$9,865,000
Change: +60% · Conversion: Easy
MEDICAL BUILDING
$8,280,000
Change: +34% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$7,720,000
Change: +25% · Conversion: Difficult
COMMERCIAL (GENERAL)
$6,555,000
Change: +6% · Conversion: Easy
Blend value · Realmo final
$10.89M
Range $9.80M – $11.97M · ±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
$117 / 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
$355,893
Tax year 2022
Assessed value
$2,617,565
Assessed 2023
Previous assessed
$2,617,565
+0.0% YoY
Effective rate
13.60%
On assessed value
Assessed land
$951,500
Assessed improvement
$1,666,065
Land market value
$3,806,000
Improvement market value
$6,664,260
Total market value
$10,470,260
Applied tax rate
4.0000
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1995
Heating
SPACE
Cooling
REFRIGERATOR
Buildings
2
Stories
1
Rooms
2
Bathrooms
2
Total area
93,229 SF
Lot
18.28 ac (796,277 SF)
APN
099-29-0-10-04-001.01-0
UPID
US33-0179175
Jurisdiction
HARVEY
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
RESTAURANT
Est. value
$12.2M
AUTO REPAIR, GARAGE
Est. value
$10.2M
OFFICE BUILDING
Est. value
$9.9M
MEDICAL BUILDING
Est. value
$8.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$7.7M
COMMERCIAL (GENERAL)
Est. value
$6.6M
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE BUILDING
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (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
1995
Heating
SPACE
Cooling
Yes
Stories
1
Buildings
2
Rooms
2
Bathrooms
2
Lot
18.28 ac
Current owner
From public records · entity-resolved
WAL-MART REAL EST BUS TRUSTUST
Individual
Free & Clear · 0 yrs held
Mailing address
PO BOX 8050, BENTONVILLE, AR 72712-8055
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1701 Kansas Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
