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Property profile & analytics
OFF-MARKET
Estimated value
$1,375,000
Garden apartment buildings
301 70th Ter Kansas City, KS 66112-3131
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US33-0408179
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1973
Total area
14,640 SF
Lot
9.45 ac (411,729 SF)
APN
15001
UPID
US33-0408179
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
-
Cambridge at River Oaks Apartments Apartment Building Apartment Complex
-
Artistic Imagery Photography & Video Wedding Service Photography Service
-
Pitman Mobile Truck Repair Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$890k
CAP Approach
CAP
$1.88M
Comparable Approach
Comparable
$1.35M
Blend (final)
Blend
$1.38M
Owner & transaction history
Midland Ira INC · 10 yrs held
Midland Ira INC
since 2015
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.2M
+114.8%
Office building
$1.8M
+81.9%
Auto repair, garage
$1.7M
+66.8%
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 Kansas City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Kansas 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
$890,000
CAP Approach
CAP Return
Estimation
6%
$2,035,000
6.5%
$1,875,000
7%
$1,740,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,005,000
Current use
RESTAURANT
$2,155,000
Change: +115% · Conversion: Difficult
OFFICE BUILDING
$1,825,000
Change: +82% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,675,000
Change: +67% · Conversion: Difficult
RETAIL STORES
$1,415,000
Change: +41% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,240,000
Change: +23% · Conversion: Moderate
MEDICAL BUILDING
$1,020,000
Change: +2% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$1,000,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$1.38M
Range $1.24M – $1.51M · ±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
$94 / 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
$225,916
Tax year 2023
Assessed value
$1,325,398
Assessed 2023
Previous assessed
$1,201,221
+10.3% YoY
Effective rate
17.05%
On assessed value
Assessed land
$90,360
Assessed improvement
$1,235,038
Land market value
$785,740
Improvement market value
$10,739,460
Total market value
$11,525,200
Applied tax rate
30.0000
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1973
Heating
YES
Cooling
YES
Buildings
5
Stories
2
Units
230
Total area
14,640 SF
Lot
9.45 ac (411,729 SF)
APN
15001
UPID
US33-0408179
Jurisdiction
WYANDOTTE
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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.0M
RESTAURANT
Est. value
$2.2M
OFFICE BUILDING
Est. value
$1.8M
AUTO REPAIR, GARAGE
Est. value
$1.7M
RETAIL STORES
Est. value
$1.4M
COMMERCIAL (GENERAL)
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$1.0M
INDUSTRIAL (GENERAL)
Est. value
$1.0M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
COMMERCIAL (GENERAL)
MEDICAL BUILDING
INDUSTRIAL (GENERAL)
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
1973
Heating
YES
Cooling
Yes
Stories
2
Buildings
5
Units
230
Lot
9.45 ac
Current owner
From public records · entity-resolved
Midland Ira INC
Entity
Mailing address
897 COLUMBUS DR, TEANECK, NJ 07666-6612
Ownership since
2015
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 24, 2015
—
Midland Ira INC
Srg Cro LLC
Special Warranty Deed
$7,418,900 · Arbor Commercial Funding LLC
Nov 23, 2011
—
Srg Cro LLC
Cress Wrt Vistin Creekwood LLC
Special Warranty Deed
$3,335,000 · Centerline Mortgage Capital LLC
Mar 3, 2010
—
Cress Wrt Vision Creekwood LLC
Wrt Vision Creekwood LLC
Sheriffs Deed
related
—
Mar 30, 2007
—
Wrt Vision Creekwood LLC
Gtmcw LLC
Special Warranty Deed
—
Nov 22, 2006
—
Gtmcw LLC
Creekwood Associates LLC
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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