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Property profile & analytics
OFF-MARKET
Estimated value
$1,055,000
Garden apartment buildings
3404 Ousdahl Rd Lawrence, KS 66046
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US33-0910930
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
2018
Total area
11,324 SF
Lot
27.83 ac (1,212,275 SF)
APN
116-13-0-20-02-001.04-0
UPID
US33-0910930
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
$995k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.06M
Owner & transaction history
Ch Realty Xpreiss Sh Lawrence Nest · 1 yrs held
Ch Realty Xpreiss Sh Lawrence Nest
since 2024
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.2M
+208.7%
Medical building
$1.2M
+197.8%
Office building
$1.1M
+176.0%
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 Lawrence submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lawrence 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
$995,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,245,000
Change: +209% · Conversion: Moderate
MEDICAL BUILDING
$1,200,000
Change: +198% · Conversion: Moderate
OFFICE BUILDING
$1,115,000
Change: +176% · Conversion: Moderate
RETAIL STORES
$1,090,000
Change: +170% · Conversion: Difficult
AUTO REPAIR, GARAGE
$900,000
Change: +123% · Conversion: Difficult
WAREHOUSE, STORAGE
$730,000
Change: +81% · Conversion: Difficult
Blend value · Realmo final
$1.06M
Range $950k – $1.16M · ±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
$93 / 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
$700,955
Tax year 2023
Assessed value
$5,346,399
Assessed 2023
Previous assessed
$5,346,399
+0.0% YoY
Effective rate
13.11%
On assessed value
Assessed land
$384,964
Assessed improvement
$4,961,435
Land market value
$3,347,510
Improvement market value
$43,142,910
Total market value
$46,490,420
Applied tax rate
41.0000
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
2018
Heating
YES
Cooling
AC.PACKAGE
Buildings
8
Stories
1
Units
2
Bathrooms
36
Total area
11,324 SF
Lot
27.83 ac (1,212,275 SF)
APN
116-13-0-20-02-001.04-0
UPID
US33-0910930
Jurisdiction
DOUGLAS
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)
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$1.2M
OFFICE BUILDING
Est. value
$1.1M
RETAIL STORES
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$900,000
WAREHOUSE, STORAGE
Est. value
$730,000
COMMERCIAL (GENERAL)
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
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
2018
Heating
YES
Cooling
Yes
Stories
1
Buildings
8
Units
2
Bathrooms
36
Lot
27.83 ac
Current owner
From public records · entity-resolved
Ch Realty Xpreiss Sh Lawrence Nest
Entity
Free & Clear · 1 yrs held
Mailing address
201 MAIN ST STE #1000, LAFAYETTE, IN 47901-1275
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 11, 2024
—
Shane William Webb
—
Deed
related
$60,000 · Discover Bank
Oct 24, 2024
—
Ch Realty Xpreiss Sh Lawrence Nest
Ks Uk Holdings LLC
Special Warranty Deed
—
Mar 8, 2022
—
Meridian Ks Uk Management LLC
Ks Uk Holdings LLC
Lease
$36,250,000 · Hdp & Seller LLC
Apr 6, 2018
—
Ks Uk Holdings LLC
Utah State Retirement Investment Fu
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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