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Property profile & analytics
OFF-MARKET
Estimated value
$525,000
Outlet malls
203 Crestview Cir Louisburg, KS 66053-3582
Entity Owned
15-yr Hold
~
Est. High Equity
Property ID
US33-1116868
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2003
Total area
5,100 SF
Lot
5.83 ac (253,955 SF)
APN
109-30-0-30-01-004.06-0
UPID
US33-1116868
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$546k
Blend (final)
Blend
$525k
Owner & transaction history
Lancaster Properties LLC · 15 yrs held
Lancaster Properties LLC
since 2010
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$860,000
+83.2%
Office building
$715,000
+52.4%
Commercial (general)
$545,000
+16.0%
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 Louisburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Louisburg 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
RETAIL STORES
$470,000
Current use
RESTAURANT
$860,000
Change: +83% · Conversion: Easy
OFFICE BUILDING
$715,000
Change: +52% · Conversion: Easy
COMMERCIAL (GENERAL)
$545,000
Change: +16% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$545,000
Change: +15% · Conversion: Difficult
AUTO REPAIR, GARAGE
$495,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$525k
Range $473k – $578k · ±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
$103 / 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
$13,133
Tax year 2023
Assessed value
$119,726
Assessed 2023
Previous assessed
$119,726
+0.0% YoY
Effective rate
10.97%
On assessed value
Assessed land
$81,683
Assessed improvement
$38,043
Land market value
$326,730
Improvement market value
$152,170
Total market value
$478,900
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
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
2003
Heating
SPACE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
5,100 SF
Lot
5.83 ac (253,955 SF)
APN
109-30-0-30-01-004.06-0
UPID
US33-1116868
Jurisdiction
MIAMI
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
RETAIL STORES Current
Est. value
$470,000
RESTAURANT
Est. value
$860,000
OFFICE BUILDING
Est. value
$715,000
COMMERCIAL (GENERAL)
Est. value
$545,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$545,000
AUTO REPAIR, GARAGE
Est. value
$495,000
RETAIL STORES Current
RESTAURANT
OFFICE BUILDING
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
2003
Heating
SPACE
Cooling
Yes
Stories
1
Units
1
Lot
5.83 ac
Current owner
From public records · entity-resolved
Lancaster Properties LLC
Entity
Mailing address
208 CRESTVIEW CIR, LOUISBURG, KS 66053-3582
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 29, 2010
—
Lancaster Properties LLC
First Community Bank
Corporation Deed
$300,000 · The First National Bank Of Louisburg
Mar 11, 2010
—
First Community Bank
Barbara L Cowles
Deed In Lieu Of Foreclosure
related
—
Jun 24, 2005
—
Barbara L Cowles
Barry R Cowles
Intrafamily Transfer
related
—
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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