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Property profile & analytics
OFF-MARKET
Garden apartment buildings
305 Academy St Hesston, KS 67062-8978
Individually Owned
Free & Clear
Property ID
US33-0169856
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1974
Total area
4,160 SF
Lot
3 ac (130,680 SF)
Zoning code
C-2
APN
035-16-0-40-12-002.00-0
UPID
US33-0169856
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
-
Elrose Apartments Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
JERRY D KEPLEY
JERRY D KEPLEY
Zoning & alternative use
C-2 · Hesston, KS
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The intent of the C-2 district is to allow basic retail, service, and office uses other than those normally permitted in neighborhood centers. This district is also intended to provide locations for commercial activities that do not require a central location downtown, but do require a location easily accessible to downtown shoppers
Zone name
General Commercial
General category
COMMERCIAL
Zone area
86.35 ac
Source
Realmo
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$15,195
Tax year 2022
Assessed value
$108,867
Assessed 2023
Previous assessed
$101,559
+7.2% YoY
Effective rate
13.96%
On assessed value
Assessed land
$2,944
Assessed improvement
$105,923
Land market value
$25,600
Improvement market value
$921,070
Total market value
$946,670
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
1974
Heating
YES
Cooling
YES
Buildings
4
Stories
2
Units
8
Bathrooms
6
Total area
4,160 SF
Lot
3 ac (130,680 SF)
Zoning code
C-2
APN
035-16-0-40-12-002.00-0
UPID
US33-0169856
Jurisdiction
HARVEY
Zoning & alternative use
C-2 · Hesston, KSZoning C-2 · permitted uses
C-2 · 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 C-2 district is to allow basic retail, service, and office uses other than those normally permitted in neighborhood centers. This district is also intended to provide locations for commercial activities that do not require a central location downtown, but do require a location easily accessible to downtown shoppers
Zone name
General Commercial
General category
COMMERCIAL
Zone area
86.35 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1974
Heating
YES
Cooling
Yes
Stories
2
Buildings
4
Units
8
Bathrooms
6
Lot
3 ac
Current owner
From public records · entity-resolved
JERRY D KEPLEY
Individual
Free & Clear · 0 yrs held
Mailing address
PO BOX 31, HALSTEAD, KS 67056-0031
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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