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Property profile & analytics
OFF-MARKET
Estimated value
$645,000
Office Spaces
225 59th N St, Park City, KS 67204-2100
Entity Owned
~
Est. High Equity
Property ID
US33-1016579
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2006
Construction
STEEL FRAME
Total area
6,500 SF
Lot
2 ac (87,120 SF)
APN
087-094-17-0-11-01-022.00
UPID
US33-1016579
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
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$626k
Blend (final)
Blend
$645k
Owner & transaction history
B Dev 1 LLC
B Dev 1 LLC
since 2025
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.0M
+105.7%
Apartment house (5+ units)
$730,000
+47.3%
Restaurant
$695,000
+40.8%
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 Park City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Park City 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
COMMERCIAL (GENERAL)
$495,000
Current use
RETAIL STORES
$1,020,000
Change: +106% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$730,000
Change: +47% · Conversion: Moderate
RESTAURANT
$695,000
Change: +41% · Conversion: Difficult
OFFICE BUILDING
$540,000
Change: +9% · Conversion: Easy
AUTO REPAIR, GARAGE
$495,000
Change: +0% · Conversion: Difficult
MEDICAL BUILDING
$450,000
Change: -9% · Conversion: Easy
WAREHOUSE, STORAGE
$400,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$645k
Range $581k – $710k · ±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
$99 / 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
$13,078
Tax year 2023
Assessed value
$107,625
Assessed 2024
Previous assessed
$90,600
+18.8% YoY
Effective rate
12.15%
On assessed value
Assessed land
$21,750
Assessed improvement
$85,875
Land market value
$87,000
Improvement market value
$343,500
Total market value
$430,500
Applied tax rate
7,001.0000
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 Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
2006
Construction
STEEL FRAME
Heating
SPACE
Cooling
CENTRAL
Stories
1
Bathrooms
2
Total area
6,500 SF
Lot
2 ac (87,120 SF)
APN
087-094-17-0-11-01-022.00
UPID
US33-1016579
Jurisdiction
SEDGWICK
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
COMMERCIAL (GENERAL) Current
Est. value
$495,000
RETAIL STORES
Est. value
$1.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$730,000
RESTAURANT
Est. value
$695,000
OFFICE BUILDING
Est. value
$540,000
AUTO REPAIR, GARAGE
Est. value
$495,000
MEDICAL BUILDING
Est. value
$450,000
WAREHOUSE, STORAGE
Est. value
$400,000
COMMERCIAL (GENERAL) Current
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
OFFICE BUILDING
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
2006
Construction
STEEL FRAME
Heating
SPACE
Cooling
Yes
Stories
1
Bathrooms
2
Lot
2 ac
Current owner
From public records · entity-resolved
B Dev 1 LLC
Entity
Mailing address
225 W 59TH ST N STE A, PARK CITY, KS 67204-2106
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
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
Aug 7, 2025
—
B Dev 1 LLC
Bnp LLC
Warranty Deed
$338,000 · Central National Bank
Jun 20, 2023
—
Bnp LLC
—
Deed
related
$47,336 · Rcb Bank
Nov 3, 2022
—
Bnp LLC
—
Deed
related
$316,912 · Rcb Bank
Jul 26, 2022
—
Bnp LLC
—
Deed
related
$146,599 · Rcb Bank
Nov 22, 2016
—
Bnp LLC
Cann LLC
Special Warranty Deed
$353,000 · Wells Fargo Bank NA
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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