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Property profile & analytics
OFF-MARKET
Estimated value
$1,195,000
Manufacturing properties
3439 Merriam Dr Overland Park, KS 66203-1375
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US33-0355903
Property profile
Verified
Property type
Manufacturing properties
Use group
MILL (FEED, GRAIN, LUMBER, TEXTILE)
Year built
1966
Construction
CONCRETE BLOCKS
Total area
41,008 SF
Lot
2.38 ac (103,673 SF)
Zoning code
M-2
APN
NP26100000 0001
UPID
US33-0355903
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
$1.20M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.19M
Blend (final)
Blend
$1.20M
Owner & transaction history
Grbb Properties LLC · 6 yrs held
Grbb Properties LLC
since 2020
1 recorded transaction
Zoning & alternative use
M-2 · Overland Park, KS
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Industrial Park District 18.300.010 Statement of Intent 18.300.020 Permitted Uses 18.300.030 Height and Area Regulations 18.300.040 Parking and Loading Regulations 18.300.050 Development and Performance Standards 18.310 M-2 General Industrial District and MP-2 Planned General Industrial District 18.310.010 Statement of Intent 18.310.020 Permitted Uses 18.310…
Zone name
General Industrial
General category
INDUSTRIAL
Zone area
20.83 ac
Source
doc view
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 Overland Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Overland Park 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
$1,200,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,405,000
Current use
Blend value · Realmo final
$1.20M
Range $1.08M – $1.31M · ±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
$29 / 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
$57,040
Tax year 2023
Assessed value
$559,925
Assessed 2023
Previous assessed
$559,925
+0.0% YoY
Effective rate
10.19%
On assessed value
Assessed land
$90,520
Assessed improvement
$469,405
Land market value
$362,080
Improvement market value
$1,877,620
Total market value
$2,239,700
Applied tax rate
660.0000
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
Manufacturing properties
Use group
MILL (FEED, GRAIN, LUMBER, TEXTILE)
Status
Off-Market
Year built
1966
Construction
CONCRETE BLOCKS
Heating
SPACE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
41,008 SF
Lot
2.38 ac (103,673 SF)
Zoning code
M-2
APN
NP26100000 0001
UPID
US33-0355903
Jurisdiction
JOHNSON
Zoning & alternative use
M-2 · Overland Park, KSZoning M-2 · permitted uses
M-2 · Overland Park, KS
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Industrial Park District 18.300.010 Statement of Intent 18.300.020 Permitted Uses 18.300.030 Height and Area Regulations 18.300.040 Parking and Loading Regulations 18.300.050 Development and Performance Standards 18.310 M-2 General Industrial District and MP-2 Planned General Industrial District 18.310.010 Statement of Intent 18.310.020 Permitted Uses 18.310.030 Height and Area Regulations 18.310.040 Parking and Loading Regulations 18.310.
Zone name
General Industrial
General category
INDUSTRIAL
Zone area
20.83 ac
Source
doc view
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$1.4M
INDUSTRIAL (GENERAL) Current
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
1966
Construction
CONCRETE BLOCKS
Heating
SPACE
Cooling
Yes
Stories
1
Units
1
Lot
2.38 ac
Current owner
From public records · entity-resolved
Grbb Properties LLC
Entity
Mailing address
3421 MERRIAM DR, OVERLAND PARK, KS 66203-1375
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 26, 2020
—
Grbb Properties LLC
34 Merriam Company LLC
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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