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Property profile & analytics
OFF-MARKET
Estimated value
$7,055,000
Office Spaces
22701 68th Ter Shawnee, KS 66226-3567
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US33-0722314
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2004
Construction
CONCRETE
Total area
99,745 SF
Lot
4.62 ac (201,247 SF)
APN
QP65080000 0009
UPID
US33-0722314
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
$6.39M
Blend (final)
Blend
$7.06M
Owner & transaction history
Pbi Gordon Companies INC · 5 yrs held
Pbi Gordon Companies INC
since 2020
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$8.1M
+52.2%
Auto repair, garage
$7.6M
+42.3%
Neighborhood: shopping center
$6.7M
+25.9%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$5,330,000
Current use
RETAIL STORES
$8,115,000
Change: +52% · Conversion: Easy
AUTO REPAIR, GARAGE
$7,585,000
Change: +42% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$6,715,000
Change: +26% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$4,555,000
Change: -15% · Conversion: Moderate
Blend value · Realmo final
$7.06M
Range $6.35M – $7.76M · ±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
$71 / 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
$357,957
Tax year 2023
Assessed value
$2,992,251
Assessed 2023
Previous assessed
$2,311,250
+29.5% YoY
Effective rate
11.96%
On assessed value
Assessed land
$260,308
Assessed improvement
$2,731,943
Land market value
$1,041,230
Improvement market value
$10,927,770
Total market value
$11,969,000
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
2004
Construction
CONCRETE
Heating
YES
Cooling
AC.PACKAGE
Stories
3
Units
1
Total area
99,745 SF
Lot
4.62 ac (201,247 SF)
APN
QP65080000 0009
UPID
US33-0722314
Jurisdiction
JOHNSON
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
$5.3M
RETAIL STORES
Est. value
$8.1M
AUTO REPAIR, GARAGE
Est. value
$7.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.6M
COMMERCIAL (GENERAL) Current
RETAIL STORES
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
APARTMENT HOUSE (5+ UNITS)
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
2004
Construction
CONCRETE
Heating
YES
Cooling
Yes
Stories
3
Units
1
Lot
4.62 ac
Current owner
From public records · entity-resolved
Pbi Gordon Companies INC
Entity
Mailing address
22701 W 68TH TER, SHAWNEE, KS 66226-3567
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
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
Dec 22, 2020
—
Pbi Gordon Companies INC
Pbi Gordon Corporation
Warranty Deed
—
Mar 30, 2018
—
Pbi Gordon Corporation
Ml Cfc 2007 8 West 68th Terrace LLC
Special Warranty Deed
—
Sep 22, 2017
—
Ml Cfc 2007 8 West 68th Terrace LLC
U S Bank National Association
Sheriffs Deed
related
—
Feb 20, 2017
—
Sc Industrial IV LLC
City Of Shawnee
Special Warranty Deed
—
Nov 2, 2005
—
City Of Shawnee Kansas
Zarbar M LLC
Special Warranty Deed
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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