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Property profile & analytics
OFF-MARKET
Estimated value
$690,000
Retail space
2435 Central Ave El Dorado, KS 67042-3210
Entity Owned
3-yr Hold
Free & Clear
Property ID
US33-0112088
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1976
Total area
4,992 SF
Lot
1.4 ac (60,984 SF)
Zoning code
C1
APN
008-212-04-0-00-30-004.00-0
UPID
US33-0112088
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
$665k
Comparable Approach
Comparable
$716k
Blend (final)
Blend
$690k
Owner & transaction history
Eal Investments 1 LLC · 3 yrs held
Eal Investments 1 LLC
since 2023
3 recorded transactions
Zoning & alternative use
C1 · El Dorado, KS
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$580,000
+31.2%
Office building
$515,000
+15.9%
Medical building
$485,000
+9.7%
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 El Dorado submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs El Dorado 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%
$720,000
6.5%
$665,000
7%
$615,000
Alternative Use
Use
Estimation
RETAIL STORES
$445,000
Current use
COMMERCIAL (GENERAL)
$580,000
Change: +31% · Conversion: Easy
OFFICE BUILDING
$515,000
Change: +16% · Conversion: Easy
MEDICAL BUILDING
$485,000
Change: +10% · Conversion: Difficult
AUTO REPAIR, GARAGE
$460,000
Change: +4% · Conversion: Difficult
WAREHOUSE, STORAGE
$445,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$690k
Range $621k – $759k · ±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
$138 / 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 2019Property tax & assessments
Tax year 2019
Tax billed
$9,993
Tax year 2019
Assessed value
$65,830
Assessed 2023
Previous assessed
$65,830
+0.0% YoY
Effective rate
15.18%
On assessed value
Assessed land
$42,100
Assessed improvement
$23,730
Land market value
$168,400
Improvement market value
$94,920
Total market value
$263,320
Applied tax rate
8.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1976
Heating
YES
Total area
4,992 SF
Lot
1.4 ac (60,984 SF)
Zoning code
C1
APN
008-212-04-0-00-30-004.00-0
UPID
US33-0112088
Jurisdiction
BUTLER
Zoning & alternative use
C1 · El Dorado, KS
Zoning C1 · permitted uses
C1 · El Dorado, KS
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
El Dorado. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$445,000
COMMERCIAL (GENERAL)
Est. value
$580,000
OFFICE BUILDING
Est. value
$515,000
MEDICAL BUILDING
Est. value
$485,000
AUTO REPAIR, GARAGE
Est. value
$460,000
WAREHOUSE, STORAGE
Est. value
$445,000
RETAIL STORES Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
MEDICAL BUILDING
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
1976
Heating
YES
Lot
1.4 ac
Current owner
From public records · entity-resolved
Eal Investments 1 LLC
Entity
Free & Clear · 3 yrs held
Mailing address
2405 W CENTRAL AVE, EL DORADO, KS 67042-3210
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 7, 2023
—
Eal Investments 1 LLC
Michael R Schwemmer
Warranty Deed
—
Jul 23, 2012
—
Michael R Schwemmer
Schwemmer,cindy L
Quit Claim Deed
related
—
—
—
Michael R Schwemmer
—
Deed Of Trust
related
$90,000 · M Patricia Simons
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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