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Property profile & analytics
OFF-MARKET
Estimated value
$3,000,000
Hotels
2176 23rd St Lawrence, KS 66046-5602
Individually Owned
10-yr Hold
~
Est. High Equity
Property ID
US33-0909535
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2017
Construction
FRAME
Total area
50,751 SF
Lot
2.65 ac (115,434 SF)
APN
103-05-0-40-03-001.00-0
UPID
US33-0909535
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
-
Country Inn by Renasaince Hotel & Motel Bed & Breakfast
-
Country Inn & Suites by Radisson, Lawrence, KS Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.00M
Owner & transaction history
Jennifer L Bowman · 10 yrs held
Jennifer L Bowman
since 2015
5 recorded transactions
Zoning & alternative use
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 Lawrence submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lawrence 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
$4,990,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$4,880,000
Change: 0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,030,000
Change: 0% · Conversion: Difficult
WAREHOUSE, STORAGE
$3,280,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$3.00M
Range $2.70M – $3.30M · ±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
$59 / 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
$180,732
Tax year 2023
Assessed value
$1,375,696
Assessed 2023
Previous assessed
$1,375,696
+0.0% YoY
Effective rate
13.14%
On assessed value
Assessed land
$164,878
Assessed improvement
$1,210,818
Land market value
$659,510
Improvement market value
$4,843,270
Total market value
$5,502,780
Applied tax rate
41.0000
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
2017
Construction
FRAME
Heating
YES
Cooling
AC.PACKAGE
Stories
3
Units
89
Total area
50,751 SF
Lot
2.65 ac (115,434 SF)
APN
103-05-0-40-03-001.00-0
UPID
US33-0909535
Jurisdiction
DOUGLAS
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
Est. value
$5.0M
RETAIL STORES
Est. value
$4.9M
AUTO REPAIR, GARAGE
Est. value
$4.0M
WAREHOUSE, STORAGE
Est. value
$3.3M
OFFICE BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
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
2017
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
3
Units
89
Lot
2.65 ac
Current owner
From public records · entity-resolved
Jennifer L Bowman
Individual
Mailing address
2176 E 23RD ST, LAWRENCE, KS 66046-5602
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 8, 2018
—
Cave Inn LLC
—
Deed
related
$6,747,000 · Silver Lake Bank
Dec 22, 2015
—
Jennifer L Bowman
James D Brown JR
Quit Claim Deed
related
—
Dec 11, 2015
—
Jennifer L Bowman
Ellen H Bartz
Intrafamily Transfer
related
—
May 7, 2008
—
Gary L Bartz
Gary L Bartz
Intrafamily Transfer
related
$295,000 · Sunflower Bank NA
Mar 27, 2008
—
Gary L Bartz
Gary L Bartz
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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