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Property profile & analytics
OFF-MARKET
Estimated value
$710,000
Garden apartment buildings
225 Hickory St Hesston, KS 67062-9465
Entity Owned
Absentee Owner
Free & Clear
Property ID
US33-0114472
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1981
Total area
6,204 SF
Lot
5.55 ac (241,758 SF)
Zoning code
R-3
APN
035-21-0-10-01-002.00-0
UPID
US33-0114472
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
-
Eastview Garden Apartments Apartment Building Apartments
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$735k
Comparable Approach
Comparable
$680k
Blend (final)
Blend
$710k
Owner & transaction history
EASTVIEW GARDENS ASSOC
EASTVIEW GARDENS ASSOC
Zoning & alternative use
R-3 · Hesston, KS
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The intent of the R-3 district is to provide for areas of residential development at a medium density. Single family, two-family, three and four-family dwelling units and related residential activities are allowed
Zone name
Multiple Family Dwelling
General category
RESIDENTIAL
Zone area
253.98 ac
Source
Realmo
Top alternative use upside
Restaurant
$840,000
+76.2%
Office building
$730,000
+52.5%
Auto repair, garage
$710,000
+48.2%
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 Hesston submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hesston 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%
$795,000
6.5%
$735,000
7%
$685,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$480,000
Current use
RESTAURANT
$840,000
Change: +76% · Conversion: Difficult
OFFICE BUILDING
$730,000
Change: +53% · Conversion: Moderate
AUTO REPAIR, GARAGE
$710,000
Change: +48% · Conversion: Difficult
COMMERCIAL (GENERAL)
$630,000
Change: +32% · Conversion: Moderate
RETAIL STORES
$580,000
Change: +21% · Conversion: Difficult
MEDICAL BUILDING
$550,000
Change: +15% · Conversion: Moderate
Blend value · Realmo final
$710k
Range $639k – $781k · ±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
$114 / 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
$15,795
Tax year 2022
Assessed value
$125,386
Assessed 2023
Previous assessed
$125,386
+0.0% YoY
Effective rate
12.60%
On assessed value
Assessed land
$4,538
Assessed improvement
$120,848
Land market value
$39,460
Improvement market value
$1,050,850
Total market value
$1,090,310
Applied tax rate
3.0000
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1981
Heating
YES
Cooling
YES
Buildings
6
Stories
2
Units
8
Bathrooms
10
Total area
6,204 SF
Lot
5.55 ac (241,758 SF)
Zoning code
R-3
APN
035-21-0-10-01-002.00-0
UPID
US33-0114472
Jurisdiction
HARVEY
Zoning & alternative use
R-3 · Hesston, KSZoning R-3 · permitted uses
R-3 · Hesston, KS
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The intent of the R-3 district is to provide for areas of residential development at a medium density. Single family, two-family, three and four-family dwelling units and related residential activities are allowed
Zone name
Multiple Family Dwelling
General category
RESIDENTIAL
Zone area
253.98 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$480,000
RESTAURANT
Est. value
$840,000
OFFICE BUILDING
Est. value
$730,000
AUTO REPAIR, GARAGE
Est. value
$710,000
COMMERCIAL (GENERAL)
Est. value
$630,000
RETAIL STORES
Est. value
$580,000
MEDICAL BUILDING
Est. value
$550,000
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
OFFICE BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RETAIL STORES
MEDICAL BUILDING
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
1981
Heating
YES
Cooling
Yes
Stories
2
Buildings
6
Units
8
Bathrooms
10
Lot
5.55 ac
Current owner
From public records · entity-resolved
EASTVIEW GARDENS ASSOC
Individual
Free & Clear · 0 yrs held
Mailing address
5991 S HWY 94, WELDON SPRING, MO 63304-5611
Mailing matches property
Different — outreach signal
Owner-occupied
No
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.
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