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Property profile & analytics
OFF-MARKET
Estimated value
$1,160,000
Strip malls
321 Andover Rd Andover, KS 67002-7912
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US33-0145673
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2004
Total area
10,244 SF
Lot
1 ac (43,560 SF)
APN
008-304-19-0-40-07-023.01-0
UPID
US33-0145673
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
-
Bellagio Nails Spa Nail Salon
-
Starbucks Cafe & Coffee Shop
-
Metro Bistro Restaurant
-
Dunkin' Cafe & Coffee Shop
-
Nose to Toes Pet Grooming Pet Grooming Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.16M
Owner & transaction history
321 Andover LLC · 4 yrs held
321 Andover LLC
since 2022
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Andover submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Andover 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
RESTAURANT
$1,420,000
Change: 0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,195,000
Change: 0% · Conversion: Easy
OFFICE BUILDING
$1,030,000
Change: 0% · Conversion: Moderate
MEDICAL BUILDING
$1,000,000
Change: 0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$940,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$1.16M
Range $1.04M – $1.28M · ±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
$113 / 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
$38,907
Tax year 2019
Assessed value
$297,701
Assessed 2023
Previous assessed
$297,701
+0.0% YoY
Effective rate
13.07%
On assessed value
Assessed land
$37,008
Assessed improvement
$260,693
Land market value
$148,030
Improvement market value
$1,042,770
Total market value
$1,190,800
Applied tax rate
1.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2004
Heating
YES
Cooling
YES
Total area
10,244 SF
Lot
1 ac (43,560 SF)
APN
008-304-19-0-40-07-023.01-0
UPID
US33-0145673
Jurisdiction
BUTLER
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
RESTAURANT
Est. value
$1.4M
COMMERCIAL (GENERAL)
Est. value
$1.2M
OFFICE BUILDING
Est. value
$1.0M
MEDICAL BUILDING
Est. value
$1.0M
AUTO REPAIR, GARAGE
Est. value
$940,000
RESTAURANT
COMMERCIAL (GENERAL)
OFFICE BUILDING
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
Heating
YES
Cooling
Yes
Lot
1 ac
Current owner
From public records · entity-resolved
321 Andover LLC
Entity
Mailing address
8918 W 21ST ST N BLDG, WICHITA, KS 67205-1885
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 5, 2022
—
321 Andover LLC
Twodays Properties LLC
Warranty Deed
$1,460,000 · Heartland Cu
Feb 16, 2022
—
Twodays Properties LLC
—
Deed
related
$3,645,688 · First National Bank Of Syracuse
May 18, 2021
—
Twodays Properties LLC
—
Deed
related
$1,693,627 · Southwest National Bank
Sep 21, 2016
—
Twodays Properties LLC
—
Deed
related
$1,461,000 · Southwest Nat'l Bk
May 2, 2016
—
Twodays Properties LLC
Hays Partners II LLC
Grant Deed
$1,380,000 · Southwest Nat'l Bk
Mar 6, 2012
—
Hays Partners II LLC
Andover Village LLC
Grant Deed
related
—
—
—
Andover Village LLC
—
Deed Of Trust
related
$1,149,500 · Snb Bank Wichita
—
—
Andover Village LLC
—
Loan Modification
related
$100,000 · Snb Bank Wichita
—
—
Twodays Properties LLC
—
Deed Of Trust
related
$1,461,000 · Southwest Nat'l Bk
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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