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Property profile & analytics
OFF-MARKET
Estimated value
$835,000
Strip malls
22320 Midland Dr Shawnee, KS 66226
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US33-0224254
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2006
Construction
CONCRETE BLOCKS
Total area
11,416 SF
Lot
1.93 ac (84,071 SF)
Zoning code
CH
APN
QP65080000 0001
UPID
US33-0224254
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
$730k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$939k
Blend (final)
Blend
$835k
Owner & transaction history
Commercial Investors LLC · 6 yrs held
Commercial Investors LLC
since 2019
5 recorded transactions
Zoning & alternative use
CH · Shawnee, KS
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$930,000
+20.9%
Auto repair, garage
$870,000
+13.0%
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 Shawnee submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Shawnee 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
$730,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$770,000
Current use
RETAIL STORES
$930,000
Change: +21% · Conversion: Easy
AUTO REPAIR, GARAGE
$870,000
Change: +13% · 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
$73 / 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
$71,720
Tax year 2023
Assessed value
$596,250
Assessed 2023
Previous assessed
$545,750
+9.3% YoY
Effective rate
12.03%
On assessed value
Assessed land
$188,865
Assessed improvement
$407,385
Land market value
$755,460
Improvement market value
$1,629,540
Total market value
$2,385,000
Applied tax rate
632.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2006
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
2
Total area
11,416 SF
Lot
1.93 ac (84,071 SF)
Zoning code
CH
APN
QP65080000 0001
UPID
US33-0224254
Jurisdiction
JOHNSON
Zoning & alternative use
CH · Shawnee, KS
Zoning CH · permitted uses
CH · Shawnee, KS
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Shawnee. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$770,000
RETAIL STORES
Est. value
$930,000
AUTO REPAIR, GARAGE
Est. value
$870,000
NEIGHBORHOOD: SHOPPING CENTER Current
RETAIL STORES
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
2006
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Stories
1
Units
2
Lot
1.93 ac
Current owner
From public records · entity-resolved
Commercial Investors LLC
Entity
Mailing address
7939 FLOYD ST #200, OVERLAND PARK, KS 66204-3724
Ownership since
2019
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
Nov 25, 2019
—
Commercial Investors LLC
First Step Development Corporation
Special Warranty Deed
$1,760,000 · First Business Bank
Jan 4, 2019
—
First Step Development Corp
—
Deed
related
$750,000 · Hawthorn Bank
Aug 14, 2013
—
First Step Development Corp
Sa Holdings INC
Special Warranty Deed
$912,000 · First Citizens Bank & Trust Co
Apr 13, 2011
—
Sa Holdings INC
Can Am Development Shawnee Crossing
Warranty Deed
—
Jan 19, 2006
—
Can Am Development LLC
Shawnee Holdings L L C
Special Warranty Deed
$2,390,000 · Signature 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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